Cardano price could drop as traders take short positions at $0.77 mid February

Cardano faces a potential price dip as traders take short positions, new meme coin Panshibi gains momentum.

Crypto analysts speculate that Cardano could experience a price dip in the short term due to a shift in investor confidence. Despite being one of the top ten cryptos by market cap and one of the contenders to receive a crypto ETF, Cardano has not performed remarkably in the market in 2025. 

On the other hand, Panshibi, an Asian-inspired meme coin currently on presale, has impressed investors and analysts alike, prompting speculations that its price could surge after its launch. 

Panshibi presale excites investors

Meme coins were one of the fastest-growing sectors in the crypto industry last year, surging by over 500%. Consequently, meme coins are now in high demand as analysts believe they could experience similar growth in 2025. 

These are some of the reasons why Panshibi has emerged as an option ahead of the bull market. Analysts have predicted it could be among the biggest meme coins in 2025, and it is already showing promise despite still being in presale. 

There are many features that make Panshibi appealing. One of them is its narrative. Panshibi combines three communities, Asians, Pandas, and meme coins, to provide a unique experience. 

It also incorporates Social-Fi and AI elements to incentivize token holders. Ownership of the SHIBI token comes with various perks, such as passive earning opportunities through stake-to-earn programs, and access to exclusive club membership, such as the Bamboo Private VIP Members Club. 

Panshibi is in the fourth stage of its presale, with 60% of its total supply currently up for grabs.

Cardano price dip

Analysts predict that Cardano’s price could fall further this month due to a switch in investor confidence, as many investors are prioritizing short-term investments over long-term ones. 

The switch is likely due to Cardano’s overall performance this year. Although it is among the top altcoins likely to gain a crypto ETF approval from the SEC, Cardano has not performed well compared to others on the list, such as XRP and Litecoin. 

However, there are some positives. The Cardano community has adopted a new constitution. The move could trigger a price surge that could rectify the current bearish sentiment around the token. 

Another event that could trigger a Cardano price rally is the recent partnership with Globant, a $10 billion valued publicly traded company. Cardano president Charles Hoskinson confirmed the partnership recently, stating that the company will use Cardano to build decentralized applications and blockchain services.

Conclusion

Meme coins remain in high demand, and Panshibi is expected to experience a massive surge when it launches on centralized and decentralized exchanges. 

Meanwhile, analysts think Cardano’s price could drop further due to changing investor sentiment. However, recent events would suggest that a price rally is imminent. 

For more information on Panshibi, visit the website, Telegram, or Twitter.

This article first appeared at crypto.news