The crypto market is undergoing significant changes. Arbitrum has seen a 60% drop in value, leaving holders at a loss, while BlockDAG is gaining attention with its success and new strategic move.
Arbitrum Price Collapse
Over the past three months, Arbitrum's price has dropped by 60%, from $0.80 to $0.34, leading to considerable losses for ARB holders. Long-term holder profitability has decreased by 40%, and trading volume has surged due to massive token sell-offs. If Arbitrum fails to hold its $0.35 support level, further decline may be anticipated.
XRP Market Analysis
Despite increased network activity, with 1.15 million active addresses and $5 billion in transactions within 24 hours, XRP's price remains under pressure. Currently, at $2.19, it is testing a support level of $2.14. Technical indicators provide mixed signals: MACD points to potential further downside, while Stochastic RSI suggests the token may be oversold. Breaking through $2.70 resistance could lead to a rebound.
BlockDAG's Bug Bounty Program
BlockDAG has captured attention on the crypto market by securing $205 million during its presale. Its new move—the Bug Bounty Program—is aimed at enhancing network security. Collaborating with HackerOne, it aims to attract top experts to identify and fix network vulnerabilities. This initiative builds trust in the network, with many predicting that the $600 million presale goal may be achieved faster than initially planned.
The crypto market remains intense: Arbitrum continues to lose ground, while BlockDAG's new initiatives are earning trust and reliability from investors.
