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Shiba Inu Surges While Ethereum and Cardano Experience Volatility

Shiba Inu (SHIB), a meme-based cryptocurrency known for its volatility, has surprised the market with a steady and sustained growth of over 20% during a period of correction. This unexpected rally has defied the usual reputation of SHIB as a highly speculative asset.

Meanwhile, Ethereum has suffered a significant price drop, breaching the $1,900 support level, which raises concerns about its short-term price stability and potential for further depreciation. On the other hand, Cardano (ADA) has exhibited unusual volatility, gaining approximately 26% in value in a day, only to lose about 13% soon after, sparking discussions among investors and market observers.

Ethereum Ethereum $3,343.17
+8.51%
Shiba Inu Cryptocurrency Ethereum Cardano
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