.png)
Raising Price Targets for Dogecoin, DTX, and Cardano: Optimism Grows After $42 Billion MicroStrategy Announcement
The post Raising Price Targets for Dogecoin, DTX, and Cardano: Optimism Grows After $42 Billion MicroStrategy Announcement appeared on BitcoinEthereumNews.com. Whales cause outflow in Dogecoin, and Cardano rolls out node update. Meanwhile, presale rockstar DTX Exchange pulls an additional $100,000 in a single-day raise. DOGE recently experienced a high-volume outflow transaction in the network, indicating a potential retraction in the memecoin sector. Meanwhile, Cardano (ADA) is gearing up to roll out updates in the blockchain. However, the emerging deFi platform beats the crypto giants with its mind-blowing presale rally – recording a $6.34 million milestone amid the broader market shift. Dogecoin (DOGE) Loses $250 Million in 24 Hours Dogecoin recently experienced a massive transfer in the network, involving roughly 1.45 billion DOGE altcoin (or $250 million) moving from an anonymous wallet to Robinhood. Typically, wallets move huge amounts to exchanges for trading or selling purposes. Therefore, a transfer on Robinhood indicates a possible liquidation, especially when the transaction is this big. These huge transfers could cause Dogecoin to witness increased selling pressure on DOGE, specifically if the investors want to sell off their holdings amid the current $250 million outflow. The effect of this outflow on the Dogecoin network might lead to increased volatility and a possible price decline if traders place such sell orders in the network. DOGE’s price chart shows that it has been on an upward trajectory, peaking at about $0.17. However, given that the asset is currently overbought with the Relative Strength Index (RSI) 73, DOGE could face impending corrections as traders decide to lock in profits. As of today, DOGE is trading at $0.16 with a $24.58 billion market cap and a 24-hour trading volume of $1.91 billion. Cardano Price Might Rally Over 2,000% To Reach The $6 Mark Despite Bitcoin breaking out above $71,000, the Cardano price is still hovering around the $0.34 mark, which indicates a 12% loss from its higher value in…
The post Raising Price Targets for Dogecoin, DTX, and Cardano: Optimism Grows After $42 Billion MicroStrategy Announcement appeared on BitcoinEthereumNews.com.
Whales cause outflow in Dogecoin, and Cardano rolls out node update. Meanwhile, presale rockstar DTX Exchange pulls an additional $100,000 in a single-day raise. DOGE recently experienced a high-volume outflow transaction in the network, indicating a potential retraction in the memecoin sector. Meanwhile, Cardano (ADA) is gearing up to roll out updates in the blockchain. However, the emerging deFi platform beats the crypto giants with its mind-blowing presale rally – recording a $6.34 million milestone amid the broader market shift. Dogecoin (DOGE) Loses $250 Million in 24 Hours Dogecoin recently experienced a massive transfer in the network, involving roughly 1.45 billion DOGE altcoin (or $250 million) moving from an anonymous wallet to Robinhood. Typically, wallets move huge amounts to exchanges for trading or selling purposes. Therefore, a transfer on Robinhood indicates a possible liquidation, especially when the transaction is this big. These huge transfers could cause Dogecoin to witness increased selling pressure on DOGE, specifically if the investors want to sell off their holdings amid the current $250 million outflow. The effect of this outflow on the Dogecoin network might lead to increased volatility and a possible price decline if traders place such sell orders in the network. DOGE’s price chart shows that it has been on an upward trajectory, peaking at about $0.17. However, given that the asset is currently overbought with the Relative Strength Index (RSI) 73, DOGE could face impending corrections as traders decide to lock in profits. As of today, DOGE is trading at $0.16 with a $24.58 billion market cap and a 24-hour trading volume of $1.91 billion. Cardano Price Might Rally Over 2,000% To Reach The $6 Mark Despite Bitcoin breaking out above $71,000, the Cardano price is still hovering around the $0.34 mark, which indicates a 12% loss from its higher value in…
What's Your Reaction?
