cardan ADA/USD he flipped Dogecoins DOGE/USD become the eighth largest cryptocurrency by market capitalization.
What happened: At the time of writing, Ada it was trading up 0.55% to $0.32, over the past 24 hours. ADA’s current market cap is slightly over $11.21 billion, while DOGE’s market cap is $11.21 billion, making it the ninth largest cryptocurrency by market cap.
Cardano’s rise can be attributed to the current bull market it has sent bitcoins BTC/USD skyrocketing above the $18,000 level, resulting in all major cryptocurrencies surging.
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Second Holy, investors who sold ADA in late 2022 may have come back and started accumulating it. The analyst firm said addresses with ADA numbers between 10,000 and 1,000,000 are copying bear market behavior in 2019 and stockpiling digital currency.
Price action: At the time of writing, DOGE it was trading at $0.08 up 1.75%, over the past 24 hours, according to Benzinga Pro.
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