The crypto industry continues to evolve, with a focus on BlockDAG, Ethena, and Cardano this time around. The article examines their achievements and challenges at this moment.
Ethena's Growth and Market Impact
The price of Ethena (ENA) has seen a significant rise, reaching $0.67 from $0.25, attributed to an increase in total value locked (TVL) to $7.72 billion, which is a 40% rise since early July. Such figures contribute to growing interest in the project. Analysts link this growth to high trading volumes and active user participation. There are discussions about a potential long-term price target of $5, despite present risks.
Cardano Price Analysis and Forecasts
Recent price analysis of Cardano (ADA) indicated weakness, with a 1% drop on Tuesday, adding to the previous day's 5% decline. Founder Charles Hoskinson remains optimistic, highlighting Cardano's potential as a yield layer for Bitcoin. However, technical indicators show resistance remains high, and a retest of the 50-day EMA is possible. Open interest in ADA derivatives has decreased by $230 million, further indicating short-term challenges.
Development of BlockDAG and Its Advantages
With over 4,500 developers working on more than 300 projects in DeFi, infrastructure, and real-world applications, BlockDAG is showing strong activity. This level of contribution makes the platform one of the most promising. The success of the presale, which has raised $358 million and sold 24.5 billion BDAG coins, reflects stable interest in the project. The projected listing price is $0.05, creating significant growth potential.
The overall overview indicates that Ethena is showing growth while Cardano faces short-term difficulties. BlockDAG stands out for its active development and successful token sale, creating a platform with real potential for future use.
