Cardano (ADA) And Dogecoin (DOGE) Record Highest Gains As Crypto Market Surges
27 Luglio 2021 - 1:00AM
NEWSBTC
Cardano (ADA) and Dogecoin (DOGE) have gained fast as the crypto
market surges. The last 24 hours continue to be an interesting one
for the crypto market as prices have surged across the board
following a bullish run-up. Top coins like Bitcoin and Ethereum
have seen massive price gains so far. The entire crypto market cap
has seen over $1 billion added to it in just 24 hours. As the
run-up continues, altcoins like ADA and DOGE continue to show
tremendous market movements. The price of both digital currencies
has jumped over 10% each and continues to cruise higher as
investors come back into the market. Bull traders have now taken
over the market as bears record increasing losses. Related Reading
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liquidations across the markets have crossed $1 billion, with
liquidations in Dogecoin being the fourth-highest so far in the
market. Altcoins continue to see recovering trends as most of the
market turns towards green in this surprising turn of events this
week. Dogecoin, Cardano Continue Upward Trend Dogecoin so far
continues to lead the charge, posting a 13% price gain in the last
24 hours. DOGE which had continued to see downwards trends as the
hype around the coin and ‘Dogefather’ Elon Musk died down has now
broken out of the rut it seemed to have been stuck in for the
better part of last week. DOGE price moved from trading at $0.195
to breaking above $0.20, to be sitting at the current price of
$0.2244 where it now trades currently. Crypto market gains over $1
trillion in 24 hours | Source: Crypto Total Market Cap on
TradingView.com Cardano (ADA) has continued in this vein to post
gains of over 11% as the current rally rages on. The digital asset
which had been trading for $1.20 had a tremendous run-up the saw
the price hit $1.32 in a matter of hours. Both digital currencies
continue to show double-digit price gains in the market. Dogecoin
market cap now sits at $29 billion as Cardano market caps
experience gains to put it at $43 billion. Bullish News Moving The
Crypto Market Cap The past week has seen more support coming out
for bitcoin and other cryptocurrencies. News like billionaire Elon
Musk confirming that Tesla and SpaceX hold bitcoin on its balance
sheet has proven to be very bullish. The market had shown positive
sentiment as the price of bitcoin had gone up after the
announcement. Breaking $32,000 and maintaining a momentum that saw
the price going past $34,000. Related Reading | SpaceX Has
Bitcoin On Its Balance Sheet, Elon Musk In the same conference,
Musk had confirmed that he personally held Bitcoin, Ethereum, and
Dogecoin. Proving that the billionaire had never sold his holdings
in the meme coin. Musk had also confirmed that while he may pump
coins, he has never dumped his coins. Hot on the heels of this came
the news that Amazon was working towards integrating bitcoin into
its platform. With cryptocurrencies being speculated to be a
payment method for the e-commerce giant, sentiments had grown in
favor of the crypto market and as such, investors seem to have
returned to the crypto space with a renewed vigor. Related Reading
| Cardano (ADA) Launches Crypto Charity Platform With
Rwanda-Based NGO On Sunday, after rumors circulated that an insider
from the e-commerce giant confirmed the integration of
cryptocurrencies, prices surged as the weekend came to a close. So
far, the crypto market has seen continuing support as
cryptocurrencies continue to maintain their gained value, and
charts across the market remain in the green. Dogecoin and Cardano
continue to top the list of gainers in the market. Featured image
from Nairametrics, chart from TradingView.com
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