The current state of the cryptocurrency market reveals significant differences among projects. BlockDAG is preparing for its launch, Sui shows growth, while Stellar faces difficulties.
BlockDAG: Readiness and Key Achievements
BlockDAG has already achieved significant results ahead of its launch. The project has secured liquidity on 20 exchanges and activated mining tools. Currently, more than 2 million miners are operational in the network. A full DeFi stack is planned, including decentralized applications, making it one of the most anticipated projects.
Sui: Growth Following ETF News
Sui (SUI) demonstrates growth after the filing of an ETF application by Nasdaq and 21Shares. The price of SUI has risen, with analysts predicting a possible move towards the $5 level. However, traders remain cautious following a recent 13% drop.
Stellar's Challenges and Possible Outlets
Stellar (XLM) encounters difficulties, having dropped 14% this month and remaining under pressure. Current technical indicators point to a bearish trend. Support at $0.2555 is critical, and breaching it could lead to further declines.
Amid the active growth of Sui and Stellar's difficulties, BlockDAG is on track for a successful launch, already having developed functionality and an active user base.
