Current movements in the cryptocurrency market reflect not only price fluctuations but also significant progress in new projects. Avalanche (AVAX) and Near Protocol (NEAR) are gaining renewed attention from investors following recent changes.
Avalanche (AVAX) Moves Toward $25
AVAX cryptocurrency is gaining momentum, maintaining at $18.70 before climbing back to around $22.86. Analysts like Andrew Griffiths suggest a target of $25 is possible. Technical analysis indicates a completed bottoming pattern, with the RSI near neutral levels at 53.
Near Protocol Price Analysis
The latest price analysis for NEAR reveals growing momentum. NEAR has increased for five consecutive days, climbing from $1.85 to over $2.40. Transaction volume jumped by 12%, and active addresses rose by 7.7%. Technical signs indicate a bullish divergence and breakout, with further upside likely as long as the support level holds at $2.00.
BlockDAG Demonstrates Real Progress
BlockDAG showcased the difference between promises and reality at its recent AMA. The X1 Miner prototype was demonstrated in operation, proving the device's efficiency. The current setup managed to impress due to its performance on the testnet.
The analysis of current trends in cryptocurrency indicates that platforms like Avalanche and Near are finding their place in the market. Meanwhile, BlockDAG shows tangible progress, while other projects are beginning to gain momentum and support from investors.
