https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News
Bitcoin
$35,232.40
-4088.76
Ethereum
$1,121.92
-84.67
Litecoin
$137.85
-14.15
DigitalCash
$120.23
-14.04
Monero
$153.84
-12.84
Nxt
$0.01
-0
Ethereum Classic
$7.39
-0.25
Dogecoin
$0.01
-0

Bitcoin, Cardano and Dogecoin whales

13
, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News


, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News

July has had a fairly quiet week in terms of Bitcoin whale activity. However, in the world of cryptocurrencies many things are happening at the same time, such as the Dogecoin boom, Cardano’s ADA, among other things. What are Bitcoin whales doing as Cardano and Dogecoin increase?

Bitcoin whales hide, and in parallel Cardano emerges

According to Whale Alert, in the last few days only three operations with Bitcoin have been registered. Among these movements, two were accumulation, for a total of 4,300 BTC. The remaining movement introduced 3,500 BTC into Xapo.

Meanwhile, Bitcoin has increased by 2.09% in the past 24 hours. This translates to a value of $ 9,463.17 per BTC. The whales cannot be said to have had a direct influence on this event, but they can act accordingly to try to drive it forward.

On the other hand, Bitcoin’s hashrate hit a new high today, according to Messari. This may also influence Bitcoin’s performance in the near future if miners decide to sell it gradually or in large quantities. Whales could also change their actions depending on what happens

, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News
Bitcoin hashrate reaches a new all-time high, while Bitcoin whales remain in a sort of wait. Source: Messari

Altcoins growing while the whales remain calm

Similarly, interesting changes are taking place in the world of altcoins. First of all, we have the rise of altcoins like ADA and Dogecoin, while Bitcoin struggles to define itself outside of the side-market range it had in June.

Cardano (ADA) increased by 85% in the last week

Recently, Cardano’s ADA may have outperformed the Bitcoin Satoshi Vision position in the market cap.

, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News
Cardano weekly price chart (ADA). Source: CoinMarketCap

Some reasons that may have influenced this 85% increase in just over a week are the new Shelley update, the rapid growth of the decentralized finance (DeFi) market, and perhaps a favorable market structure.

The growing demand for ADA is likely due to investors who find the rewards system compelling under the new Cardano update. At the moment, Bitcoin whales have not sold their tokens to invest in altcoins like Cardano.

The curious case of Dogecoin and social networks

On the other hand we have the curious case of Dogecoin. For those who do not know it, this cryptocurrency has increased by almost 20% thanks to the influence of a viral “challenge” on the TikTok social network. This challenge motivates users to get rich, if they help the price of the cryptocurrency to reach $ 1.

Something equally curious about this cryptocurrency is that it is inspired by a meme, “doge”, and was created as a joke about seven years ago. However, over these years he managed to build a lasting community on Reddit and Twitter, and now his price increases due to the influence of TikTok users.

If you have a difficult time waiting for what can happen with Bitcoin and the whales then maybe you could take a look at the altcoins we have mentioned and study them a bit, especially now that they are growing.

, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News



, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Bitcoin, Cardano and Dogecoin whales, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More