Tension is building in the cryptocurrency market, with changes in AAVE and PEPE prices as interest in BlockDAG rises.
AAVE Hits Key Support Level
The AAVE price pattern is flashing warning signs as the token slips below short-term averages and tests its $269 support zone. After peaking near $334 on July 19, AAVE has dropped 14%, even as total value locked across the protocol hits an impressive $50 billion milestone.
Increasing Whale Activity for PEPE Amidst Price Stagnation
The PEPE coin price is treading water near $0.0000126, following a sharp 50% retracement from recent highs. Volume has fallen by 40% over the past week, and the price has slipped another 7%. However, whale activity is telling a different story.
BlockDAG Innovations and Market Impact
BlockDAG has announced the return of its NO VESTING PASS, available until August 4, allowing buyers to access 100% of their BDAG coins on launch day. This presale has raised $355 million, confirming its active interest in the market.
The cryptocurrency market is in a wait-and-see mode. Meanwhile, BlockDAG's innovations and approach to token sales are drawing attention and could shift trading dynamics.
