This week, three cryptocurrencies have been at the center of discussions, each for different reasons. Tron faces governance issues, Dogecoin experiences a price decline, and BlockDAG gains popularity through its referral program.
Tron News: Governance Concerns
Recent news about Tron raises concerns regarding governance. The board of Tron Inc. is chaired by Weike Sun, the father of founder Justin Sun, which raises questions about transparency and oversight. Although Justin Sun does not hold any official role, the board includes a Tron DAO advisor and the lead developer of Tronscan, who have close ties to the Tron ecosystem. Additionally, the $100 million held by a Hong Kong trust for a reverse merger adds to the risk of possible conflicts of interest.
Dogecoin Price Drop: Signs of Continued Decline
The recent Dogecoin (DOGE) price drop below the $0.250 resistance has triggered a fresh wave of selling. The cryptocurrency has slipped below key support levels at $0.2350 and $0.2320, reaching a low of $0.2225. If DOGE can break above $0.2280, it may attempt a move toward $0.2350 and $0.2420. A clear push past those could open the door to $0.250.
BlockDAG's Referral Program: A Successful Startup
BlockDAG's referral program has driven significant success, raising over $355 million in the presale. Participants can earn income by sharing their personal referral link or code on social media, receiving a 5% bonus BDAG on their first purchase and 25% of the purchase in BDAG for the referrer. Currently, BDAG is priced at $0.016 with a confirmed launch price of $0.05, creating a potential 30x upside.
Amid governance issues in Tron and price fluctuations in Dogecoin, BlockDAG's success illustrates how effective referral programs and marketing strategies can generate interest and activity in the cryptocurrency space.
