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Cardano Price Plummets as Midnight Token Surges 20% Amid Softening Inflation Expectations

Guavy AI Editorial Team
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ADA
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Cardano's price fell by 1.54% over the past 24 hours to $0.247, while Midnight's NIGHT token surged more than 20%. The divergence in performance emerged after softer American inflation figures reduced expectations for another Federal Reserve interest rate increase.

The decline in futures exposure and subdued technical indicators kept Cardano's recovery prospects uncertain despite Midnight's strong rally.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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