The cryptocurrency market is witnessing active movements, particularly around SUI and HYPE. However, the most significant attention is being drawn by BlockDAG, which has reported over 2.5 million users on its mobile platform.
BlockDAG's User Milestone
The BlockDAG X1 app has attracted over 2.5 million users, reflecting a high interest in easy access to cryptocurrencies. It allows users to mine BDAG coins using their smartphones without any need for specialized equipment. Since its launch, BlockDAG has raised over $357 million in presales.
SUI's Technical Outlook
Recently, SUI has shown upward momentum after breaking past the key level of $4.30. Analysts note a significant increase in trading volume and the formation of a classic cup and handle pattern, indicating potential for further growth. If SUI can hold above the support level of $4.26, target prices may reach $5.29, $6.96, and even $8.05.
Hyperliquid's Stagnation Amid Institutional Support
The cryptocurrency Hyperliquid experienced a notable price surge, reaching nearly $50, but has since settled around $42.77. Despite potential backing of $888 million from Hyperliquid Strategies Inc., the current price remains unstable. Analysts point to the need for a technical reset or breakout for a change in the current market direction.
Different growth approaches of these projects highlight unique aspects of the cryptocurrency market. BlockDAG is actively working on user onboarding, while SUI and HYPE are seeking new ways to elevate their positions.
