Crypto markets are entering a critical phase, and three projects are drawing investor attention for various reasons: XRP, Hyperliquid, and BlockDAG.
XRP Price Prediction and SEC Expectations
The prediction for XRP's price revolves around the date of August 15, when the SEC is set to update its position on Ripple. Should the SEC move towards a settlement or soften its appeal stance, XRP's price could breakout from its current consolidation, aiming towards $4.20. Currently, XRP is trading above $3.00, buoyed by institutional inflows. Since the July breakout, XRP has surged 65%, maintaining above-average volume. However, caution remains as profit-taking by some investors suggests part of the rally could be speculative. The critical support at $3.00 must hold, as a breakdown could retest $2.60.
Hyperliquid (HYPE) Growth Dynamics
Hyperliquid (HYPE) is attracting market attention with momentum driven by both technical and fundamental factors. The project recently reported $1.1 billion in annualized revenue, a 40% increase month-over-month. HYPE is currently trading near a key support zone between $34 and $38, aligning with the 200-day EMA. Analysts highlight rising trading volumes and renewed whale interest. Price models suggest that a parabolic move could develop if HYPE reclaims $38 and sustains above the 200EMA. Some analysts predict targets as high as $260-$300 if broader altcoin strength returns.
BlockDAG: Successful Presale Campaign
BlockDAG is entering the final 48-hour phase of its $0.0016 presale offer, having raised over $367 million. This project stands out with its real infrastructure and active user base exceeding 2.5 million thanks to its mining app. Furthermore, BlockDAG has launched Dashboard V4 with new features. The project has also announced partnerships with the Seattle Seawolves and Seattle Orcas, enhancing fan engagement through NFTs. After the presale, the price will revert to $0.0276, marking a significant 17x jump.
The three crypto projects mentioned, XRP, Hyperliquid, and BlockDAG, are under close surveillance by investors. Their distinct approaches and fundamental factors make them noteworthy in a market anticipating significant changes in August.
