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Analysis of Current Trends in Ethereum and Cardano in the Cryptocurrency Market

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by Giorgi Kostiuk

6 hours ago


Significant changes are occurring in the cryptocurrency market. Ethereum and Cardano show signs of growth, while BlockDAG sets a new strategy for launches.

Ethereum: Level Analysis and Potential Growth

Ethereum is once again testing the $2,700 to $2,820 level. If this level holds, analysts are watching for a potential rise toward $3,080. Current charts indicate stable signs of an upward trend, with potential long-term growth reaching $4,200 if the market remains favorable.

Cardano: Formations and Support from Major Holders

Cardano is showing signs of a stronger trend, with the price near $0.64 after a recent bounce from $0.625. Over 310 million ADA has been added to major wallets, contributing to support. A clean move above $0.70 could push the price toward a historical high of $1.00.

BlockDAG: A New Approach to Project Launches

BlockDAG is developing a new strategy for preparation before launch, with a target of $600 million. They started with creating necessary tools and applications before hitting exchanges, making their approach unique among other projects. Over 2 million users have already begun mining BDAG using the X1 app.

With current trends in the cryptocurrency market, ETH and ADA show growth potential, while BlockDAG offers a new approach to building an ecosystem before launch.

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