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ADA and DOGE mark double-digit gains
The community dubbed ETH killer, ADA, is up 5.2% today, trading at $1.14 to consolidate its strong weekly growth. ADA’s seven-day inflows soared 32%, erasing outflows as seen near the end of 2024. This cycle dynamic has been present in major asset moves since Bitcoin reclaimed $100,000 .
Cardano’s market capitalization stands at $39.9 billion, while daily trading volumes have increased by 41% as bulls accumulate assets. Heavy buying was seen towards the end of last year as traders bought the dip. Institutional entries dominate the stage, increasing price projections among participants.
Several crypto analysts suggest that current price levels could cause a bullish breakout in ADA and other assets. Cardano remains essential for many uses due to its incoming upgrades and roadmap implementation.
“I’m feeling pretty bullish on $ADA. The recent pennant formation suggests a potential rise towards $1.40 after a brief consolidation around $1.10. Cardano’s impressive 28% year-to-date gains are fueled by a THRIVING DeFi ecosystem boasting a TVL of $595 million. With on-chain activity increasing, a breakout could even retest the all-time high of $3.10. Let’s see what happens. Altcoin Buzz wrote about
& nbspDogecoin Spike Inspires Meme Coins
Dogecoin price soared by double digits this week. Over the past 24 hours, the leading con meme is up 1% but has gained 20.6% in seven days. This is a result of a huge volume of trading and investment in meme coins. These assets, known for their volatility, are gaining momentum, with several assets reaching triple-digit gains.
Generally speaking, recent capital inflows have led bulls to predict a price rise to $1 this year, citing Elon Musk’s possible influence on the industry. Meme coin prices are skyrocketing due to broader sentiment and inflow into major assets. The market is expected to approach a bullish peak, ushering in the third coin frenzy of the bullish cycle. As of press time, the total market capitalization of meme tokens stands at $102 billion, a slight gain of 1% today.