Recent events in the cryptocurrency market have impacted key assets, including Cardano (ADA) and Avalanche (AVAX). Meanwhile, the new project BlockDAG is actively attracting attention with its 100 million coin airdrop.
Cardano's Decline Amid Global Tensions
Cardano's price fell to $0.5478 after a sharp sell-off due to global tensions. The drop exceeded 6% in one day, with 3.2% lost within just one hour. Despite a 37% increase in trading volume, market sentiment remains cautious. Simultaneously, on the downside, large holders accumulated over 310 million ADA, and the project joined an important pilot initiative with Ford Motor Company.
Avalanche Holds Key Support
Avalanche is displaying more positive signals compared to Cardano. Currently, its price is around $16.32, and the asset is sitting at a support level that has triggered significant movements in the past. If this support holds, analysts believe AVAX could surge towards $31.15, $38.70, or even $47.94. The MACD is leaning bullish, and the RSI is just under 50, indicating it may enter a stronger trend.
BlockDAG's 100 Million Coin Airdrop Launch
While Avalanche and Cardano face various challenges, BlockDAG is drawing attention with its 100 million coin airdrop. This airdrop is focused on rewarding active users by offering tasks related to platform testing and promoting its adoption. The program includes Testnet, presale, social tasks, and referral quests. The goal of this approach is to build an active community at an early stage of the project's development.
In conclusion, as Cardano undergoes a decline and Avalanche shows corrective tendencies, BlockDAG stands out with its unique approach to user engagement. The 100 million coin airdrop serves as an example of a new method for attracting an audience and creating a sustainable community.
