In the cryptocurrency world, where results matter more than hype, the BlockDAG project shows impressive growth and architecture.
Arbitrum: Increase but Strong Resistance
Arbitrum (ARB) recorded an increase of 11.76% in a single day, leading to a weekly growth of over 10%. Its market capitalization hit $1.98 billion, with daily trading volume rising over 115% to $364.11 million. Technical analysis shows ARB broke its 9-day SMA and is trading around $0.4073 after reaching an intraday high of $0.417. However, caution is warranted as the RSI is at 58.33, nearing overbought territory. Key resistance levels are at $0.48 and $0.51, and ARB is still trading 83% below its all-time high of $2.40.
Avalanche Price Movement: Pause or Breakthrough
Avalanche (AVAX) shows a 275% increase in daily transaction volume since early May, averaging 759,000 transactions a day. However, AVAX's price structure remains uncertain. The price rebounded from a five-day low of $18.43 to $21.83, representing a 19% gain, but still trades within a broader range of $14.60 to $26.80. The formation of higher lows suggests accumulation, and the current price is testing its 50-day EMA. A breakout above $26.80 could lead to strong movement, while failure to hold support may result in extended sideways action.
BlockDAG: Progress and Achievements
BlockDAG is setting a new benchmark for early-stage crypto. It has already raised over $303 million in presale funding and offers a current entry price of $0.0018. Its architecture differs from traditional blockchains, using a hybrid DAG + blockchain framework, enhancing scalability and minimizing confirmation times. The X1 app's Proof-of-Engagement program has over 2 million users. There are five confirmed exchange listings and 15 pending, preparing BlockDAG for post-launch expansion.
In an uncertain cryptocurrency market, Arbitrum and Avalanche face technical challenges. In the meantime, BlockDAG is showing significant progress and readiness for launch, making it an attractive choice for investors and market participants.
