$NIGHT This wave of decline has really confused quite a few people, hasn't it?
The core reasons are actually twofold: First, profit-taking is too intense. As a new privacy coin in the Cardano ecosystem, it was snapped up as soon as it was launched, and users who received airdrops directly dumped the tokens for cash. Additionally, speculative funds that entered early took their profits, and selling pressure came up.
Second, market and sector sentiment has cooled down. The entire cryptocurrency market has been cautious recently, and the enthusiasm for privacy coins has also temporarily receded. Without continuous capital support, NIGHT naturally can't withstand the pressure.
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Stay tuned: PLAY PIPPIN DU BEAT CYS H SOL ETH
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