Various developments are unfolding in the cryptocurrency market with major coins. Dogecoin and Cardano face technical and regulatory hurdles, while BlockDAG shows significant growth.
Dogecoin: Whale Activity and Resistance
Dogecoin (DOGE) has managed to hold above $0.21, finding support at $0.208, confirmed by multiple tests of this level. Whales have acquired over 100 million DOGE recently, sparking hopes for an upside. However, DOGE faces a key barrier in the $0.23–$0.25 range. Technical indicators show mixed signals, with DOGE still dependent on breaking this level to regain positive momentum.
Cardano: ETF Speculation
Cardano (ADA) is attracting attention as talks of a possible ETF approval grow in 2025. Market participants predict an 87% chance of approval, significantly boosting interest in ADA. However, the SEC has only approved ETFs for Bitcoin and Ethereum so far, creating uncertainty for ADA. Without these approvals, the outlook remains unclear.
BlockDAG: Successes and Upcoming Events
BlockDAG (BDAG) has demonstrated significant success, raising $403 million in its presale. An important event will be the Deployment Event in Singapore, showcasing the project’s readiness for international expansion. The upcoming launch of the updated Dashboard V4 will enhance participant interaction. Partnerships with local sports teams also help increase BlockDAG's visibility in broader circles.
Dogecoin and Cardano face uncertainty, reliant on resistance levels and regulatory approval expectations, while BlockDAG shows positive results through active sales and upcoming events.
