The cryptocurrency market is seeing shifts regarding assets like Ethereum and Hedera. While these coins struggle for position, BlockDAG is showing increasing interest and potential.
Current Situation with Hedera (HBAR)
The price of Hedera (HBAR) has dropped to $0.137 after reaching a peak of $0.149 earlier in June. The current price hovers around the $0.14 level, under pressure. Some analysts note potential resistance levels in the $0.193 to $0.20 range that could open the path to growth up to $0.25.
Analysis of Ethereum (ETH)
Ethereum (ETH) is also facing challenges, having dipped below $2,300. Currently, ETH is trying to recover, aiming for a range between $2,235 and $2,445. Resistance at $2,575 is the next significant hurdle. VanEck analysts predict Ethereum could reach $6,000 by late 2025.
Prospects of BlockDAG and its Upcoming Token Sale
While many platforms remain stagnant, BlockDAG is demonstrating active growth with ambitious goals, including an upcoming token sale. BlockDAG has already raised $320.5 million and has over 2 million users of its mining mobile app. The initial price is set at $0.0020 with a goal of reaching $0.05.
The current state of the cryptocurrency market showcases active movements, particularly among Ethereum and Hedera, seeking a new balance. Meanwhile, BlockDAG exhibits significant activity and presents an interesting potential project to watch in the coming days.
