$DOGE reached the top eight of the cryptocurrency market, beating Cardano
as a utility coin for Twitter. However, the lack of details and the absence of rumors caused the rally to fade, but the attention of investors remained.With the crypto market's attention chained to Dogecoin, any appearance of buying support could have led to a strong rally that would push DOGE back to the top. Yesterday, that short-term support occurred, and the cryptocurrency saw a solid 11% price increase in the last 24 hours.
Considering the nature of Dogecoin, a mild 11% price increase can easily turn into a full-blown price rally with a triple-digit return like the one we saw at the beginning of November. The distribution of holders on DOGE has always been heavily tilted toward retail investors, who usually aim at short-term gains rather than a prolonged holding of assets.quickly returned to the list of the top eight coins on the cryptocurrency market, leaving Cardano behind.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Charles Hoskinson Responds to VC Who Rejects Investing in Cardano-Related Start-ups.IOHK_Charles wonders if this VC would rather invest in $LUNA and FTX as they have dismissed Cardano. $ADA Padierfind
Read more »
Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek.DjedStablecoin $DJED, a joint stablecoin by InputOutputHK and COTInetwork might have its own payments system DjedPay $ADA $COTI Cardano
Read more »
STOCK MARKET NEWS: Market holiday, gas declines, FTX falloutFederal Reserve pushes for reducing rate hike “soon.” FTX bankruptcy prompts crypto recovery. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Cardano Community Raises Red Flags on Two Projects: DetailsCardano community expresses concern about two projects CardanoADA CardanoCommunity Ardana Orbis BuildingonCardano $ADA ADA DeFi
Read more »
Most Hyped Cardano NFT Project Co-Signed by Legendary Ethereum ClubMost hyped Cardano NFT project ClayMates gets unexpectedly co-signed by the sector's pioneer cardano cardanoada claynation cardanocommunity cardanonft ada iohk $ada
Read more »
Cardano Founder Says He Might Have Lost 500K in Failed Ardana ProjectCardano founder says Ardana meltdown might have cost him 500K CardanoADA CardanoCommunity BuildingonCardano
Read more »