In August, the crypto market draws attention with several significant events concerning the projects XRP, Hyperliquid, and BlockDAG.
XRP and the Anticipated Legal Decision
The price of XRP is influenced by a major event scheduled for August 15, when the SEC is expected to update its stance regarding Ripple. If the SEC moves towards a settlement or drops its appeal, this could lead to a significant price increase for XRP, with a target estimated at around $4.20. Currently, XRP remains above the $3.00 mark, showing strong support from major investors and institutional ETF inflows. The recent price increase of XRP exceeded 65%, with high trading volume observed in the market.
Hyperliquid's Growth and Potential
Hyperliquid (HYPE) is demonstrating significant growth both technically and fundamentally. The project has posted $1.1 billion in annual revenue, a 40% increase from the previous month. Current price levels are between $34 and $38, aligning with the 200-day moving average. If HYPE can maintain above these levels, a parabolic price increase to $260–$300 is projected.
BlockDAG Presale: Success and Prospects
BlockDAG has successfully raised $370 million during its presale, with the current price at $0.0016. This marks a 17x increase from the previous batch price of $0.0276. The project shows real growth as the X1 mining app has surpassed 2.5 million users. Partnerships with sports teams such as the Seattle Seawolves and Seattle Orcas highlight its contribution to NFT and coin utility.
In conclusion, August is a pivotal month for XRP and Hyperliquid, focusing on crucial technical levels and regulatory decisions, while BlockDAG demonstrates a strong position due to real progress and user support.
