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Cryptocurrencies bought Cardano and Dogecoin tokens for $ 150 million in just 2 days

3:42 pm, December 16, 2024

Major crypto investors have bought the cryptocurrency Cardano ADA $1.10 Cardano 1.38% Market capitalization $39.57 billion VOL. 24 hours $0.26 billion and the meme-coin Dogecoin DOGE $0.17 Department Of Government Efficiency 0.65% Market capitalization $0.16 billion VOL. 24 hours $0.71 billion for almost $ 149.6 million in just two days. This was reported by Ali Martinez, a market activity research analyst. Such a significant volume of purchases indicates the growing interest of major players in digital assets on the eve of the new year.

According to the crypto expert, most of these transactions were made by the acquisition of ADA, a popular cryptocurrency that is a leader among projects with high potential in the field of decentralized finance (DeFi).

The acquisition of the DOGE meme-coin has also sparked active discussions, as it remains attractive to investors due to its high volatility and potentially large profits.

In addition, there has been an increase in activity on the Cardano network in recent weeks. Investors are paying attention to the increase in the number of transactions and the launch of new smart contracts, which reinforces the general optimism about the further development of the project.

Experts suggest that the interest of whales in these assets may signal a potential increase in their value in the short term. At the same time, they urge retail investors to weigh the risks, given the volatility of the crypto market.

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