The crypto market is witnessing major developments: BlockDAG is launching global hackathons, while Binance Coin and Hedera maintain their market positions.
BlockDAG's Global Hackathons
BlockDAG has announced four global hackathons to be held in collaboration with HackerEarth in 2025. These events are expected to draw between 10,000 and 15,000 developers and will result in the creation of more than 200 new dApps. This will significantly increase the practical use of BDAG tokens as developers integrate them into their projects for transactions, gas fees, and more.
Binance Coin's Potential
Despite challenges following the departure of Binance CEO Changpeng Zhao, Binance Coin (BNB) continues to strive to break the resistance level of $635. Its current price stands at $597. Technical indicators, such as the 50-day and 200-day SMA, indicate ongoing pressure on sellers. However, long-term outlooks remain optimistic, with projections reaching $1,064.36 by 2025 and $4,612.24 by 2031.
Future of Hedera and Market Rates
The price of Hedera token (HBAR) recently rose by 10% following SWIFT's adoption of its blockchain technology. This significant move could lead to increased institutional use of the Hedera network, as SWIFT processes transactions worth over $150 trillion annually. For HBAR's steady growth, it's important to maintain a price above $0.23, signaling increased buyer confidence.
BlockDAG makes a significant bet on developing its ecosystem through upcoming hackathons, acting as a catalyst for new dApps. Binance Coin and Hedera also continue to maintain their relevance in the market, though each faces unique challenges and opportunities.
