The cryptocurrency market is experiencing a tumultuous time. Bitcoin has hit a record high of $123,000, while the price of CRO has fallen by 11%, and ONDO has surged by more than 20%.
Reasons for the CRO Price Drop
CRO has fallen by 11% over the past week, from a level of $0.121 to $0.107. Analysts note that this drop may be related to an overall market correction and reduced network activity. Currently, they are monitoring the 200-day Exponential Moving Average at $0.10, which may help slow further declines.
Growth of ONDO and Its Prospects
ONDO has posted a 20% weekly gain, pushing above resistance between $0.90 and $0.95. Open interest grew by 12.39% to $393.40 million, and 24-hour trading volume nearly doubled to $234.1 million. A cup-and-handle pattern is forming on the 4-hour chart, and a long-standing trendline has just been broken, reinforcing expectations for a move to $1.
Bitcoin and BlockDAG Innovations
Bitcoin has just reached a new all-time high of $123K, and BlockDAG is launching a unique offering with a 10-day NO VESTING PASS. This allows users to access their coins immediately on launch day. BlockDAG has already raised $340 million and sold 23.9 billion coins in a short span.
The current state of the cryptocurrency market is characterized by high volatility. The decline of CRO raises concerns among traders, while ONDO attracts attention for its rise. Bitcoin continues to dominate the headlines, while BlockDAG introduces new concepts into this cycle.
