This week, three stories captured attention in the crypto world. NEAR Protocol shows growth, TRUMP Coin is discussed in light of a potential ETF, and BlockDAG finishes a successful presale phase.
NEAR Protocol Moves Closer to $3
From August 12 to 13, NEAR's price increased from $2.75 to $2.91, marking a gain of 5.82%. Trading volumes soared, surpassing the daily average by more than double, with $7.6 million being poured into the asset. Support was established at $2.76, but sellers pushed back, causing the price to retract to $2.88.
Active addresses on NEAR grew by 18.4%, reaching 16 million, overtaking Solana's 14.8 million. Partnerships with Aurora Labs and strengthened developer participation reinforced the rally, keeping traders optimistic about NEAR potentially surpassing the $3 mark if trading volume remains steady.
TRUMP Coin ETF Filing
TRUMP Coin rose over 10% to $10.13 following Canary Capital's registration of the Canary Trump Coin ETF Trust in Delaware. Filed under the Securities Act of 1933, this structure marks the first attempt at a TRUMP Coin ETF.
However, Bloomberg indicated that SEC approval is not guaranteed, and the formal S-1 process could take months. Despite the rally, TRUMP's market cap at $1.9 billion is still 86% lower than its January peak.
BlockDAG Raises $379 Million in Presale
BlockDAG is advancing to Batch 29, priced at $0.0276, having raised over $379 million and sold 25.2 billion coins. The project has also seen over 19,300 hardware miners purchased, generating an additional $7.8 million in sales.
The project's success is anchored on three pillars: its 2.5 million miners, the Dashboard V4 platform, and Buyer Battles contests designed to boost engagement. The project's hybrid architecture enables it to handle 2,000 to 15,000 transactions per second while ensuring security and high speed.
This week's events surrounding NEAR, TRUMP Coin, and BlockDAG illustrate how cryptocurrency sentiment can shift quickly based on news. However, BlockDAG stands out for its infrastructure and sustainable model, potentially ensuring long-term success.
