The cryptocurrency market exhibits trends towards real utility for assets. BlockDAG, Ethereum, and Near Protocol play central roles in current events.
BlockDAG Moves Beyond Digital Assets
BlockDAG plans to start shipping mining rigs X10, X30, and X100 globally from July 7. This move highlights the project’s focus on real-world use, allowing users to mine independently. Such an approach places BlockDAG in a favorable position compared to competitors lacking similar products.
Near Protocol Faces Inflation Pressure
Near Protocol has come under the spotlight following calls for a 50% reduction in its inflation rate from DWF Labs. This initiative could positively impact how the project is perceived, as lowered inflation can improve supply control and attract investors seeking long-term solutions. This period may prove crucial for assessing the stability and future of Near Protocol.
Ethereum Gains Support from Institutional Investors
Ethereum has held steady above $2,700 thanks to significant influxes from institutional ETFs, which brought in around $699 million in the first half of June. This support boosts confidence in the market and creates a more bullish posture for short- and mid-term trades.
As investors increasingly prefer real utility assets, Ethereum demonstrates stability, Near Protocol faces inflation challenges, and BlockDAG actively offers solutions through mining equipment shipments.
