Prices of cryptocurrencies Avalanche and Litecoin show notable growth, while the BlockDAG project attracts attention due to its new app and mining device.
Avalanche Price Forecast ($35)
Avalanche (AVAX) is drawing significant attention, especially with the expectation of ETF approval rumored to occur by July 28. While unconfirmed, the interest around the cryptocurrency is rising. AVAX has crossed its $25.5 resistance level, flipping it into a support base. It has also climbed above the 200-day moving average, which has historically led to significant price rallies.
Additionally, a rise in open interest indicates increasing trading activity. The price outlook is now set between $32 and $35. If this trend holds, short positions may face liquidations, pushing prices even higher.
Litecoin Price Movement Analysis ($147)
Litecoin (LTC) has demonstrated a strong recovery. After trading below $100 for some time, LTC jumped over 20% and now trades near $116. This move helped it break through several important resistance zones, attracting attention from the trading community. The Bull-Bear Power indicator also surged past 22.5, indicating buyer strength.
However, there is pressure from both sides: if LTC falls under $116, over $33 million in long positions could be at risk. Conversely, $19 million in short positions could get liquidated if prices rise further.
BlockDAG Launch: 10x Power with New App
BlockDAG has officially launched its long-awaited X1 app along with the X10 mining device, creating significant buzz. The X1 app allows users to mine up to 20 BDAG coins daily from their smartphones.
The highlight is the new X10 device that increases mining output by 10 times when used with the X1 app, allowing for up to 200 BDAG mined daily. This portable hardware integrates seamlessly with the app and offers an easy mining experience for beginners. BlockDAG has raised $353 million in its ongoing presale and has sold over 24.4 billion coins so far.
Overall, the price forecast for Avalanche suggests a potential target of $35 if the positive momentum continues. Litecoin is also approaching a significant level at $147. However, BlockDAG stands out with its innovative mining solutions and has already garnered significant attention.
