Cryptocurrencies Avalanche (AVAX) and XRP are at the forefront of traders' attention due to their recent price fluctuations. Meanwhile, the BlockDAG project is launching a grant program that is drawing developers' interest.
Current Situation with Avalanche (AVAX)
The price of Avalanche (AVAX) currently stands around $24.47, with short-term resistance near $27. Technical analysts note the presence of an ascending triangle, and breaking this level may open targets of $30–$32. Projections also suggest the possibility of reaching $35 or even $44 if current liquidity and network activity continue to rise. However, if the price falls below $24, it could drop towards $15.
Potential of XRP and ETF Impact
XRP is currently priced at $2.82 with support around $2.70. Analysts suggest that it could rise to $3.20–$3.40 if it passes the $3.00 barrier. The potential approval of an ETF could help XRP rise, with projections up to $4 by October, provided all conditions are met. Long-term forecasts indicate a possibility of reaching $5 if Ripple's application for a banking license in the U.S. proceeds successfully.
BlockDAG and its Funding Programs
BlockDAG is launching a grant program offering funding from $10,000 to $100,000 per project. Grants are issued in BDAG and USDT and depend on the achievement of specific milestones, ensuring accountability. This initiative aims to support developers and expand the ecosystem, creating new applications and tools before the network goes for sale.
Cryptocurrencies Avalanche and XRP are at the threshold of significant changes, while the BlockDAG grant program could influence the development of the ecosystem as a whole. Traders are awaiting further signals for decision-making.
