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Crypto Market: XRP and Ethereum Rise Amidst BlockDAG Interest

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by Giorgi Kostiuk

2 hours ago


The crypto market shows signs of activity, with XRP and Ethereum demonstrating growth. Meanwhile, the BlockDAG project is gaining attention ahead of the Token2049 conference.

XRP's bullish prospects

XRP is showing bullish signals, holding critical support at $2.95. Technical indicators, such as RSI, remain above 50, and MACD shows bullish trends. A potential breakout above $3.12 could lead to a rally towards $3.20, with a further target at $3.25. Traders are closely monitoring volume and order levels for breakout confirmation.

Ethereum's strength at $4,500

Ethereum experienced a pullback, dropping about 8% from nearly $4,900 to around $4,400, yet this has not diminished interest from major players. For instance, BitMine Immersion reportedly acquired over 190,000 ETH, bringing their total stash to 1.7 million ETH. The current support level at $4,500 is bolstered by the 14-day EMA, and if ETH can hold this zone, further upward movement is possible.

BlockDAG's innovations ahead of Token2049

The BlockDAG project is drawing attention with its 2049% bonus program, which runs until October 1, coinciding with its presentation at Marina Bay Sands. To date, BlockDAG has raised $388 million and sold 25 billion tokens. With a current price of $0.03, early buyers have already seen a 2900% return on investment. Interest in the project is growing ahead of the upcoming conference.

XRP and Ethereum show strong prospects against the backdrop of active market conditions, while BlockDAG stands out with its unique offerings, creating real opportunities for market participants.

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