Recent developments in the crypto market have drawn attention to Chainlink, Dogecoin, and the new project BlockDAG, each showcasing different aspects of the market.
Chainlink: Whale Activity Hits $54.8M
Chainlink has garnered attention with whale activity reaching $54.8 million in just 24 hours. This surge occurred amid liquidations in the crypto market totaling around $202 million. Despite this market stress, LINK's price remained stable. Growing interest from major companies, evidenced by the Mastercard partnership and Chainlink’s involvement in Kraken’s tokenized equities project, highlights this rising engagement.
Dogecoin Shows Resilience After 70% Drop
Dogecoin's price continues to hold steady within a broad rising channel that began in 2022, indicating ongoing strength. Despite a 70% drop from its December peak, the price remains above its main support line. Experts believe there is potential for slow but steady growth if this trend persists.
BlockDAG Opens $0.0016 Price Window Before Global Launch
BlockDAG has set a special fixed price of $0.0016 available until its global launch on August 11. The launch price is already set at $0.05, which means buyers could see a 3,025% return. To date, BlockDAG has raised over $329 million and sold 23.6 billion coins.
Chainlink demonstrates backing from significant players, Dogecoin maintains stability over a long stretch, while BlockDAG draws attention with a new approach in late-stage presales. The global launch on August 11 is expected to be a significant event for the market.
