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Why Shiba Inu, Cardano, and Fantom Are Ripping Higher Today


The crypto market has seen significant volatility today, though a rally this afternoon has taken the entire crypto market nearly 2% higher as of 4 p.m. ET. Among the cryptocurrencies generating the most attention today are Shiba Inu (CRYPTO: SHIB), Cardano (CRYPTO: ADA), and Fantom (CRYPTO: FTM). These tokens have outperformed the market, posting 24-hour gains of 3.8%, 5.7% and 18.9%, respectively, as of 4 p.m. ET. 

While certain macro factors do appear to be at play with these tokens today, there are some token-specific catalysts investors are clearly watching with these projects. 

For Shiba Inu, anticipation around the launch of Shibarium continues to drive price surges on a somewhat frequent basis. Today, Telegram messages by Shiba Inu's lead developer, Shytoshi, suggest that news could be coming soon, as the project's most outspoken voice advised the community to "keep popcorn on the ready." Speculation is that the Layer 2 network could be launched on Valentine's Day, though there's been no official announcement thus far on the specific launch date.

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Source Fool.com

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