The post ADA Price Prediction: Cardano Holders Lose Big Confidence, As China Re-Think Crypto Ban & Asian Back Panshibi (SHIBI) Goes Viral appeared on BitcoinEthereumNews.com.

News coming out of China some hours ago has raised optimism about China lifting its crypto ban. This is a move in the right direction, as China has been inching closer to the top countries adopting crypto in the last few months. You’ll also remember that the US announced its interest in making crypto a major focus in this new administration. However, this latest announcement might change the direction of the upcoming Cardano price prediction. This news from China might show heightened interest in the new Asian-themed meme coin. However, the biggest concern is how this latest change of direction could affect Cardano price prediction specifically. There is also concern about what this could mean for Cardano’s progress in the last few months. However, the sharp drop in the ADA price following this news has shown that it might be heading towards a more negative path. Experts have been speculating that the new panda meme coin might have much to gain from this development. Why Is Cardano Down Today? Today’s 24-hour change on the Cardano price chart showed an instant drop below 0.45%. While this is a small change, it shows an extension of the bearish move from the 7-day drawdown, which stands at 3.44%. This is a baffling move, considering the Cardano progress earlier this year, which saw about 300% between November 2024 and January 2025. The Cardano price prediction earlier this year had a whopping $4, but the price took a sharp turn, changing the price outlook. One of the primary reasons for this fall has been a runoff from the crypto market’s general downturn following changing tides in global politics. However, the recent drawdown has changed the Cardano price prediction as investors continue to show signs of panic. Experts believe the recent news from China could cause…

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Filed under: News - @ February 23, 2025 9:20 am