The crypto industry continues to attract attention through new partnerships and market activity changes. This time, the main events are connected to the BlockDAG project, which may secure a deal with the NBA, alongside developments in Binance Coin and Cardano.
Potential BlockDAG-NBA Partnership
Rumors of a potential partnership between BlockDAG and a major NBA franchise have sparked a wave of interest. Should the deal come to fruition, the project could gain access to a vast audience of sports fans worldwide. History shows that collaborations with professional teams can significantly strengthen the positions of crypto platforms. Additionally, BlockDAG has already secured over $291 million in its presale and sold more than 22.1 billion BDAG coins, indicating high demand.
Binance Coin (BNB) Activity Dynamics
In recent weeks, Binance Coin has demonstrated an 11% increase, moving towards a price of $668. Transaction volumes have also surged, reaching 933.23 BNB per day — the highest since May 21. Simultaneously, the number of new wallet addresses has significantly increased, indicating growing interest in BNB. Technical analysis suggests a possible rise to $790; however, the market shows mixed reactions.
Cardano (ADA) Struggles
Cardano is struggling to maintain support around the $0.65 level, consolidating around $0.6626. Should it break this level, the next support target may be $0.62. Recent long liquidations have exceeded $900,000, indicating tension among buyers. Profit-taking measures and a decrease in total DeFi volume also signal cautious sentiment among market participants.
BlockDAG shows high potential with its upcoming NBA partnership and successful presale. While BNB experiences growth, Cardano faces challenges, highlighting current fluctuations in the crypto market. The situation remains dynamic, and upcoming events will determine the fate of these projects.
