Why Shiba Inu, XRP, and Kadena Jumped and Then Plunged Today
It's been an interesting day, to say the least, for cryptocurrency traders. The value of crypto jumped yesterday but some tokens started falling late in the day. For some, the sell-off accelerated during the day Tuesday.
Kadena (CRYPTO: KDA) has been one of the biggest movers, climbing 23.5% at its peak but dropping far enough that it's only up 3.2% as of 3 p.m. ET. Shiba Inu (CRYPTO: SHIB) was the big winner yesterday and was up 3.6% at one point today, but it is currently down 10.2% in the last 24 hours. XRP (CRYPTO: XRP) was another crypto that was up big yesterday and it's holding gains, trading up only 2.7% for the day, but it was once up 14.7%.
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Source Fool.com
