The crypto market is witnessing major activity with three key narratives: the rise of NEAR Protocol, speculation around TRUMP Coin, and the successful presale of BlockDAG. These events highlight shifts and new opportunities in the crypto world.
NEAR Protocol's Surge Towards $3
Between August 12 and 13, NEAR Protocol increased by 5.82%, reaching $2.91, supported by institutional inflows and a doubling in trading volumes. Support formed at $2.76, while the price tested resistance at $2.94. This surge coincided with a week where global crypto investment products saw $572 million in inflows.
TRUMP Coin ETF Speculation
TRUMP Coin jumped over 10% to $10.13 after Canary Capital registered the Canary Trump Coin ETF trust in Delaware. Financial analysts note that this could be the first ETF based on TRUMP Coin. However, further steps will require a formal filing with the SEC.
BlockDAG's Successful Presale and Its Market Impact
BlockDAG, now in its 29th batch of presale, has raised over $379 million and attracted 2.5 million participants. Its unique Proof-of-Engagement model and interactive dashboard have created an ecosystem that functions prior to trading. These shortcomings in traditional token sale models highlight the project's durability and potential.
While NEAR Protocol and TRUMP Coin have captured short-term attention, their resilience hinges on future market developments. In contrast, BlockDAG's success is anchored in sustainable infrastructure and an active community, making it a significant player for the future.
