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 $1.8 million.
Dogwifhat: The Memecoin Riding the Hype Wave
Launched in November 2023, Dogwifhat (WIF) is a memecoin built on the Solana blockchain. Its symbol features a Shiba Inu dog wearing a pink knitted hat. Instead of aiming for big goals or future visions, WIF keeps things simple by embracing its fun, meme-inspired identity. The ticker “WIF” is a playful misspelling of the word “with,” highlighting the coin’s lighthearted nature.
As a memecoin, Dogwifhat (WIF) doesn’t have serious objectives or practical uses. It focuses on the amusing image of a dog with a hat. There are about one billion WIF tokens, and there are no ways to earn more or reduce the supply. The value of Dogwifhat (WIF) comes entirely from how much people like it and want to trade it, which can cause its price to change a lot.
Online excitement, trends on social media, a sense of community, celebrity endorsements, and speculation can all lead to big jumps in WIF’s price. Unlike traditional investments, the value of memecoins like WIF doesn’t rely on solid fundamentals, making their price movements hard to predict.
Currently, Dogwifhat (WIF) has a 24-hour trading volume of approximately $1.22 billion USD. In the past day, WIF has increased by 0.13%. On CoinMarketCap, it is ranked number 51, with a live market cap of around $3.31 billion USD.
DTX Exchange: $9.58M Presale Success & 20,529% Surge Ahead!
DTX Exchange (DTX) has become the most successful presale of 2024, raising an impressive $9.6 million in its 6th round of public presale. The project is attracting attention with rumors of a Coinbase listing and a huge potential price increase of 20,529%. Known for its advanced trading features, DTX allows traders to navigate volatile markets using powerful tools like 1000x leverage, automation, and algorithmic trading.
The crypto community is excited about DTX Exchange because it can support over 120,000 trading instruments, including stocks, cryptocurrencies, forex, and bonds all on one platform. The team has also introduced the world’s first hybrid layer-1 blockchain that can process 10,000 transactions per second (TPS), along with a non-custodial Phoenix Wallet available on Apple and Android.
DTX Exchange is set to see significant growth, especially with the crypto-friendly SEC moving forward with its listing. DTX tokens are currently priced at $0.12 in the ongoing presale, and they are expected to rise to $1 once the platform launches live trading this month. This makes DTX Exchange a strong choice for those looking for big gains this year.
