DOGE Drops 7.93% Amid Market Shift, But Weekly Gains and $10M Treasury Boost Signal Strength
Dogecoin (DOGEUSDT) experienced a 7.93% price decline over the past 24 hours, currently trading at $0.24421 on Binance. The recent price correction is attributed to profit-taking following a prior rally, as well as broader market sentiment influenced by the early U.S. congressional recess, which may delay crypto-related legislation. Despite the pullback, Dogecoin remains up over 12% for the week, supported by increased trading activity and notable developments such as Bit Origin’s $10 million DOGE treasury allocation and ongoing technical upgrades like the proposed OP_CHECKZKP network enhancement. The 24-hour trading volume reached $4.54 billion, with a circulating supply of over 150 billion DOGE and a market capitalization of approximately $36.6 billion, ranking Dogecoin #8 among cryptocurrencies.
ADA Token Drops 7% Amid Cardano ETF Speculation, High Volatility, and $1.9B Trading Surge
Cardano (ADAUSDT) experienced a 7.03% price decline over the past 24 hours, with the current price at $0.8211 on Binance. The price drop is primarily attributed to heightened market volatility following speculation around a potential Cardano ETF, mixed technical analyses indicating both bullish and bearish sentiment, and recent U.S. legislative developments including a procedural vote on a cryptocurrency bill. Additional factors include profit-taking by traders after recent gains of up to 30% and ongoing discussions about Cardano’s institutional upgrades and transparency initiatives. Trading volume remains elevated, with approximately $1.92 billion to $1.97 billion in 24-hour volume, and the asset’s market capitalization is around $29 billion. Cardano’s price fluctuated between a 24-hour high of $0.9041 and a low of $0.7857, reflecting significant intraday volatility amid ongoing regulatory and market developments.