The article examines current trends in the cryptocurrency market, including the progress of the BlockDAG project, short-term predictions for XRP, and the bearish trend of Cardano.
Progress of BlockDAG and Its Achievements
BlockDAG has reached $309.5 million in its presale and continues to move towards its $600 million target. Despite the fact that the project will not be listed on exchanges yet, significant parts of its ecosystem have already been deployed. Work on the testnet is active, mining mechanisms are in place, and smart contracts are running. CEO Antony Turner presented the GO LIVE plan, which implies further project implementation.
Short-term Predictions for XRP
XRP is trading around $0.488 after slipping below the $0.50 mark. Bullish sentiments are targeting recovery above the $0.503 level; however, without this, a further drop towards $0.462 is likely. Indicators such as RSI and MACD suggest weak buyer interest, preventing the asset from avoiding a sideways movement. Trader sentiment also varies; some expect a recovery, while others believe the cryptocurrency will remain within a narrow range.
Bearish Trend of Cardano
Cardano is falling to $0.385, breaking an important support at the $0.40 level. The situation is complicated by a bearish MACD crossover and low RSI, indicating ongoing weakness in the market. If the price falls below $0.375, the next support level will be $0.36. Analysts note that to restore market confidence, the cryptocurrency needs to overcome the $0.41 mark, but based on current data, such opportunities seem limited.
In current conditions, XRP faces challenges on its path to recovery, while Cardano continues to show negative trends. In contrast, BlockDAG is successfully moving towards its goal, developing its ecosystem independently of market access.
