Day: January 21, 2024

Whales Go Wild: Cardano Transactions Surge 11%

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Cardano (ADA) staged a remarkable performance today, defying prevailing expectations and orchestrating a meteoric rise that propelled it from a relatively unassuming position to a prominent spot within the top 10 cryptocurrencies by market capitalization, courtesy of an impressive 3.6% rally. While stalwarts like Bitcoin and Ethereum made incremental movements, Cardano distinguished itself with an unparalleled surge, surpassing its heavyweight counterparts and setting ablaze a bullish sentiment that swept across the crypto community. Cardano Transactions Soaring The unforeseen ascent of Cardano has left analysts scrambling for explanations, and a prevailing…

Shibarium On The Verge Of Momentous Milestone

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Shibarium is almost at a new transaction milestone amid Shiba Inu’s market price uncertainty. The latest data from Shibariumscan shows the layer-2 scaling platform for Shiba Inu is now nearing a transaction count of 300 million, an exciting threshold that points to a successful and impactful rollout. With SHIB now struggling to post gains in the past month, it is only natural to ponder whether Shibarium’s eventual attainment of this transaction milestone could reverse the meme coin’s fortune, even if only temporarily.  Shibarium Nears 300 Million Transactions Shibarium has largely…

Cardano targeting all-time highs, Shiba Inu burns billions of SHIB, Meme Moguls sets new bar for meme coins

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano is one of the largest cryptocurrencies and is anticipated to reach $1 before mid-2024. Experts also predict that Cardano can potentially hit an ATH this year. In other news, Shiba Inu has reportedly burned billions of tokens, yet the price of SHIB remains steady. Meanwhile, Meme Moguls is emerging to set a new bar for meme coins. Cardano may hit an all-time high this year Cardano has faced headwinds in the…

Solana Stablecoin Volume Reaches Record High Of $300 Billion In January

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According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month. Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics platform Artemis shows that the stablecoin transfer volume on Solana has already surpassed $300 billion in January. This is the largest transfer volume recorded by stablecoins on the Layer-1 blockchain in a single month. To put this figure into context, the Solana network registered $297 billion in stablecoin volume in the entire December.…

Maker (MKR) Makes Crypto History: $2K Breached

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Maker DAO’s MKR has been a dominant force in real-world asset (RWA) transactions within decentralized finance (DeFi), boasting a daily average of $94.5 million in RWA-related transactions in the second week of January. Despite this impressive transaction volume, there are underlying challenges that investors need to consider. Maker Transaction Volume Dominance MKR stands out with its substantial RWA transaction volume, signaling ongoing activity and interest in the MakerDAO ecosystem amid market volatility. This is a positive indicator for the protocol. MakerDAO’s strategic move towards tokenized T-Bills has proven successful, contributing…