Significant changes are observed in the cryptocurrency market. Dogecoin is facing price declines, while VeChain is implementing a new upgrade, and BlockDAG is starting equipment shipments.
Decline in Dogecoin (DOGE) Prices
The price of Dogecoin (DOGE) has dropped 13% over the past week and currently stands at $0.17. Analysts are observing a potential drop to $0.14, an important support level for maintaining optimism. If DOGE falls further, it may return to previous support between $0.12 and $0.08, levels last reached in 2024. However, some market observers believe a mild rebound could occur if the price tests those ranges.
VeChain Unveils Stargate Upgrade
The VeChain ecosystem is evolving with the Stargate upgrade, introducing new validator tiers, higher staking rewards, and NFT-based tools for user participation. These changes aim to enhance long-term utility. Recent highlights include a successful launch of the Mugshot app, surpassing 1 million users, and new interoperability opportunities provided by WanChain, along with ongoing developments in European regulations, which contribute to a positive outlook for VeChain.
BlockDAG Launches X-Series Miner Shipments
BlockDAG is preparing to ship its X-Series models after selling over 18,100 units and generating $7.3 million in revenue from mining hardware. The larger X30 and X100 models will start shipping on July 7, with the compact X10 scheduled for August 15. These models cater to various mining goals, with the X10 offering up to 200 BDAG daily, the X30 up to 600 BDAG, and the high-powered X100 reaching up to 2,000 BDAG each day.
Currently, Dogecoin is under pressure, with potential for further declines. At the same time, VeChain continues to advance with improvements to its platform, while BlockDAG successfully launches shipments of its products, highlighting the significance of physical infrastructure in the cryptocurrency sector.
