BlockDAG raised $5M in 48 hours post its third Keynote. AVAX has potential to reach $30, while XRP is under pressure.
AVAX's Path to $30
Avalanche (AVAX) remains steady at the $20 support level amid a volatile crypto market. The recent Nasdaq filing for a Canary Capital AVAX ETF has drawn interest from institutional investors. If approved, this could lead to significant capital inflow, similar to Bitcoin and Ethereum rallies post-ETF endorsements.
XRP's Supply Issue Amid Weak Demand
Despite positive news on the legal front, such as the SEC ending its appeal against Ripple, XRP has been declining in price. It has fallen by 7% since Friday, struggling to stay above the $2 mark. An increase in the supply from 54 billion to 58 billion has further raised investor concerns.
BlockDAG's Expansive Growth
BlockDAG raised $5M in just one day following its third Keynote, pushing total funds raised over $210M. Its Beta Testnet handles over 1.2M transactions, offering DeFi opportunities, staking, and governance tools ready for the mainnet launch.
BlockDAG is advancing its technology through tangible achievements. Meanwhile, AVAX awaits potential growth due to ETF, while XRP needs to address its increasing supply.
