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BCH $539.01 (3.33%)
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DOGE $0.22 (7.46%)

US Congressman Invests In Cardano, Ethereum, and Dogecoin

US Congressman Invests In Cardano, Ethereum, and Dogecoin
  • Barry Moore, US Congressman, declares his recent crypto purchases.
  • In a Periodic Transaction Report, he says he owns ADA, DOGE, and ETH.
  • Since his purchases, the value of his investments has fallen.

United States Congressman — Barry Moore, declares his recent crypto purchases. Specifically, the representative from Alabama recently bought Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE).

In particular, Moore filed a Periodic Transaction Report (PTR). The report states that the cryptos were bought in May and June. Respectively, Moore spent $1,001 and $15,000.

However, according to the data, the congressman’s crypto investments have gone down in value since he bought them.

In detail, he bought Cardano (ADA) on three days. Specifically, May 10, May 11, and May 13. At this time, according to Bitcoin.com Markets, ADA’s prices were respectively standing at $1.7652, $1.5559, and $2.009. Presently, the price of ADA is $1.3707.

On the other hand, he bought Ether on May 5. Back then, the price of Ether was $4,081. Currently, the price of Ether is $2,230. Although, the price of Ether may shoot up soon.

This is possibly due to the fact that Ether is showing bullish trends amid its London hard fork testnet launches. In fact, investors and traders are keeping a close eye on the asset as the platform prepares its London hard fork mainnet launch.

Besides, the next phases for the Ethereum network are yet to come. Its users are patiently awaiting the arrival of Ethereum 2.0. Therefore, some significant traders are expecting the price of Ether to go up to $10,000.

As for Dogecoin, Moore bought the asset on June 13. At this point, the price of DOGE stood at about $0.3275. At the moment, it stands at $0.2174.

All in all, it seems the recent crypto dip has caused the congressman’s investments to drop in value. However, the crypto market slowly seems to be recovering. Moreover, most traders are certain that the price of most cryptos will surge soon. Thus, Moore could possibly see great gains in the future. 

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