This week, the price of Binance Coin (BNB) is showing significant decline, while the BlockDAG platform is gaining interest from users due to ease of mining.
Binance Coin (BNB) Price Dynamics
The price of Binance Coin (BNB) has fallen from $697.55 on May 27 to nearly $600 now. Despite an increase in stablecoin transactions, BNB remains under selling pressure. The price chart indicates signs of possible further declines as it broke key support and formed a head-and-shoulders pattern. RSI and Stochastic Oscillator readings confirm that sellers dominate the market.
Weak Momentum in Near Protocol (NEAR)
Near Protocol (NEAR) price momentum remains negative despite a sudden 90% increase in trading volumes. The token has dropped to $1.89, which marks a 15% weekly decline. All major EMAs are pointing down, indicating possible continued weakness. Resistance is mild near $2.15, while $1.98 support is closely watched for potential breakdown.
BlockDAG's Success in Mining
BlockDAG is gaining attention by making mining accessible to a broad audience. Its X1 Miner app now has over two million users, and 18,200 hardware miners have been sold. This shows strong demand for both mobile and hardware mining. The product range offers various options for users, catering to both beginners and experienced miners.
The observed decline in Binance Coin price and weakness in Near Protocol likely require strong triggers for recovery. Meanwhile, BlockDAG continues to gain popularity, increasing its user base and device sales.
