The crypto market is undergoing significant changes: Cardano is losing ground, Onyxcoin is slowing, while BlockDAG is gaining significant traction.
Challenges for Cardano
Cardano (ADA) is facing pressure despite its recent inclusion in the US crypto reserve, losing 39% of its value and dropping below the $1 level. Bearish indicators, such as the Bollinger Band Trend and Directional Movement Index, are intensifying the selling pressure.
Onyxcoin in a Tough Spot
Following a 2,000% rally earlier this year, Onyxcoin (XCN) has corrected by 50%. With prices fluctuating between $0.017 resistance and $0.0143 support, the Relative Strength Index (RSI) and ADX indicate a weakening trend.
BlockDAG's Success Story
BlockDAG is showing impressive growth, with over $205 million raised in its presale. Its use of DAG technology and planned events, such as the testnet launch in March 2025, position BDAG as a promising project in the crypto world.
As Cardano and Onyxcoin face challenges, BlockDAG shows steady growth thanks to its innovative structure and successful presales.
