Cardano, Dogecoin, Shiba Inu Post Gains Amid Inflow To Crypto Market

Cryptocurrencies traded higher following the Federal Reserve’s announcement that it would raise interest rates by 0.75 percentage points on Wednesday. At the time of publication, Cardano, Dogecoin and Shiba Inu recorded gains, posting a 24-hour positive change of 4.16%, 4.11% and 4.02% respectively.

In the last 24 hours, Cardano (ADA) reported massive whale trading volumes, ranking in the top 10 by trading volume among the 100 largest BSC whales, as of WhaleStats data.

JUST IN: $ADA @CardanoStiftung now in the top 10 by trading volume among the 100 largest #BSC whales in the last 24 hours 🐳

Check out the top 100 whales here: https://t.co/0SYnjw0xQs

(and hodl $BBW to see data for the top 4000!)#ADA #whalestats #babywhale #BBW pic.twitter.com/A3H5QyEgpa

— WhaleStats – top 1000 BSC richlist (@WhaleStatsBSC) 28 July 2022

In other positive news, ADA payments are accepted by the clothing line, Origin Threadswhich also uses the Cardano blockchain for authentication.

👀

— Tim Harrison (@timbharrison) 27 July 2022

As reported by U.Today, the upgraded Dogecoin website is now live, exiting the preview mode it had been in previously. In the past week, Dogecoin developers released the core update version 1.14.6, which included important security updates and network efficiency changes.

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Shiba Inu is also actively traded by whales, as it ranked among the top 10 by trade volume among 500 Biggest ETH Whales the last 24 hours. This comes as two top ETH whales bought a whopping 527 billion SHIB. In accordance WhaleStatsETH whale “BlueWhale0159” ranked 401st bought 120,000,000,000 SHIB worth $1,369,200.

🐋 ETH whale “Gimli” just bought 407,500,000,000 $shib ($4,592,525 USD).

Ranked #251 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/rMwuLaFjyI#SHIB #ShibArmy

— WhaleStats (free crypto whale data) (@WhaleStats) 27 July 2022

Another ETH Whale“Gimli,” had also bought 407,500,000,000 SHIB worth $4,592,525.

Inflow to the crypto market

The total the crypto market its capitalization increased by 5.86% to a record 1.05 trillion at the time of publication, indicating inflows into the market.

Global Crypto Market Cap $1.06T +7.53% 24hrs ⭐️#Bitcoin #BTC $ETH #Crypto #CryptoNews pic.twitter.com/NW0nY7vZ32

— 🥷 Gokhshtein Media (@gokhshteinmedia) 28 July 2022

Last week, Coinshares reported that digital asset investment products had inflows totaling $30 million. Bitcoin saw inflows totaling $19 million, while Ethereum recorded inflows of nearly $8 million.

Cardano’s investment products had inflows totaling $1.4 million, compared to other crypto assets, which recorded no inflows.