BlockDAG launches a grant series for developers, while Toncoin and BNB display differing trends in the cryptocurrency market.
BlockDAG's Grant Programs for Developers
BlockDAG has announced the launch of its new hackathon series with a total prize pool of $30 million. This event aims to support developers looking to create decentralized applications (dApps) on the BlockDAG testnet, which has already shown its functionality. Participants will receive not only cash prizes but also access to mentorship and exposure to a growing market of users.
Toncoin (TON) Struggles
Toncoin (TON) has encountered negative trends following a significant price drop. After reaching a peak of $3.95 in March this year, the price has declined to around $2.90, breaching key support at $3.5. Current technical indicators suggest that the market remains under selling pressure, pointing to potential further losses.
BNB Price Outlook After Upgrade
Preliminary outlooks for BNB are improving following the launch of the Lorentz testnet. The new block time reduction and upcoming mainnet updates may positively impact the price. BNB has broken out of a yearly triangle and is currently holding around $579, with potential resistance levels at $590 and $640.
Despite the volatility, BNB shows promising signs after recent updates, while Toncoin continues to face challenges. However, BlockDAG is actively attracting developer interest through its generous grant program.
