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Cardano, Dogecoin, and Shiba Inu are outperforming the top 20 by registering large increases over the past 24 hours with 24-hour positive changes of 10.78%, 14.77%, and 12.26%, respectively.
Cardano’s ADA is currently trading at $0.53 and has increased by 24.79 percent over the previous week. It’s good news that Cardano’s Input Output is now a member of the American Chamber of Commerce (AmCham) Mongolia. Charles Hoskinson, the creator of Cardano, acknowledged this move as well.
The Cardano DeFi ecosystem also benefited from inflows the week before, as was previously reported. Dogecoin (DOGE), a popular meme currency, and Shiba Inu (SHIB), a cryptocurrency, both had price gains over the previous week, rising by 23.41 percent and 27 percent, respectively. Dogecoin is eagerly anticipating the arrival of Dogecoin Core upgrade 1.14.6.
The Dogecoin Core update 1.14.6 may go live soon, according to developer Michi Lumin. The upgrade aims to bring significant network efficiency improvements and security enhancements. According to WhaleStats data, whales put pressure on the price of Dogecoin by making it one of the top 10 assets they bought in the previous day. The cost of a Shiba Inu accounts for future development in an expanding neighborhood. According to data from WhaleStats, there are currently 1,209,427 Shiba Inu owners. Shiba Inu ranks as the largest token held by the top 100 ETH whales, who currently “hodl” SHIB valued $563,163,878. The average SHIB balance of the top 100 Shiba Inu whales has likewise increased by around 31%.
Traders envisage a “long-term breakout”
After a strong Bitcoin Tuesday, traders are “changing their tune” and “sensing a long-term breakout,” according to on-chain analytics company Santiment. On July 20, the price of Bitcoin rose to intraday highs of $23,855, triggering a third straight day of price increases. The price of other cryptocurrencies, sometimes known as “altcoins,” which have maintained a strong link with Bitcoin, may be affected by this. Additionally, the investor sentiment indicator known as the crypto Greed & Fear Index changed from “severe fear” to “fear” and increased to 31, its highest level since April, indicating that investor sentiment has improved.
