The post Dogwifhat, Cardano & DTX: Crypto News and Updates appeared on BitcoinEthereumNews.com.

This week, Dogwifhat (WIF) and Cardano (ADA) are breaking new ground in the cryptocurrency space. While WIF continues to ride the wave of meme-based excitement, Cardano is making strides with its robust blockchain development.  Meanwhile, a viral altcoin priced at $0.12, DTX Exchange, is making waves with rumors of a Coinbase listing and a staggering 20,529% price surge. In this article, we will discuss these developments and what they mean for investors and the crypto market. Cardano Whales Make Big Move as TVL Hits All-Time High Over the past three days, big investors, also known as whales, have bought 120 million ADA tokens, worth $144 million. This shows they believe that Cardano (ADA)’s price could go up in the future. Data from Santiment shows that whales holding between 100 million and 1 billion Cardano (ADA) tokens increased their holdings from 3.15 billion to 3.27 billion ADA tokens between December 3 and 6. Crypto expert Ali Martinez pointed out that a large portion of the whale purchases, 100 million ADA tokens, happened on Wednesday. This suggests that these investors are very positive about Cardano’s future, even after the altcoin saw a big price jump of over 200% in November. Cardano (ADA)’s Total Value Locked (TVL) has also reached $735.7 million, breaking its previous record of $494 million from March 2024. TVL refers to the total amount of money locked in DeFi (Decentralized Finance) contracts on the network, and it helps show how much trust investors have in Cardano (ADA). This increase in TVL suggests that investor confidence in Cardano is growing, especially in the last quarter of 2024. In addition to TVL growth, Cardano has seen a big rise in user activity. DEX (Decentralized Exchange) trading volume has tripled, reaching yearly highs. Before the US elections, the DEX volume was just…

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Filed under: News - @ December 8, 2024 1:07 am