The cryptocurrency market is witnessing active dynamics, particularly for cornerstones such as Avalanche and Solana, while the new BlockDAG project attracts attention with its unconventional launch approach.
Price Dynamics of Avalanche and Solana
The price of Avalanche (AVAX) is fluctuating around $24, with support in the $22 to $26 range. A breakout above the $27 resistance could propel the price towards $46, with some analysts predicting possible advances to $120 if Layer-1 scaling demand remains strong. Solana (SOL) is showing stability around $200 with strong support in the $185–197 range, and buyers are focused on resistance at $227. Breaking this level could open a path towards $240–255.
Prospects of BlockDAG and Its Promotion Model
BlockDAG has already garnered support from over 312,000 holders and 4,500 developers, as well as more than 300 decentralized applications in development. The successful presale of BlockDAG has raised nearly $405 million, with the price fixed at $0.0013 until events in Singapore. This approach enables the project to showcase growth before its official listing, making it attractive to investors.
Institutional Interests and Their Impact on the Market
Institutional moves are fostering the price development of Avalanche and Solana. Bitwise has registered its Avalanche ETF trust in Delaware, while Grayscale seeks SEC approval to convert its Avalanche Trust into a spot ETF on Nasdaq. These steps highlight the growing demand for regulated access to AVAX, while Solana continues to gain support from institutional investors, which strengthens its market position.
In conclusion, amid the instability and volatility of the cryptocurrency market, Avalanche and Solana show significant signs of growth, while BlockDAG introduces a new approach to adoption. Institutional interests are steering the market towards new heights.
