While HYPE faces setbacks, TAO is breaking new ground, and BlockDAG is steadily advancing thanks to its unique architecture and financial backing.
HYPE Token Dips
The decentralized exchange Hyperliquid experienced a major breach, losing over $12 million. This led to a 14% drop in the HYPE token, reaching $14.23. Hyperliquid has promised to compensate all affected users, except some. The platform also removed JELLY contracts and is working on improving its security systems.
TAO Breaks Resistance
Bittensor's (TAO) token broke the six-month resistance line, which may indicate a trend reversal. As a result, TAO could reach $750. Technical indicators suggest increasing buying activity, and open interest has risen by 10.63% in the last 24 hours, reaching $77.1 million.
BlockDAG: A Fast and Scalable Crypto for the Future
BlockDAG uses a Directed Acyclic Graph (DAG) framework, allowing multiple blocks to be processed simultaneously, speeding up transactions and improving scalability. The project has raised over $210.5 million during its presale and is esteemed for its security. With increasing interest from major investors and users, BlockDAG is becoming a serious contender for leadership in 2025.
While HYPE and TAO attract short-term investors, BlockDAG stands out as a potential leader in the crypto industry by 2025, thanks to its architecture and backing.
