The cryptocurrency market continues to face volatility, with Binance Coin (BNB) and Near Protocol (NEAR) facing challenges while BlockDAG shows significant growth.
Binance Coin (BNB) Update
The price of Binance Coin (BNB) has dropped from $697.55 on May 27 to around $600. Despite an 8% increase in total transactions on the BSC chain, BNB struggles to regain momentum. Technical signals indicate further weakness, with a head-and-shoulders pattern emerging. Support may appear near $500, but the market is hesitant to commit to a meaningful rebound.
Near Protocol (NEAR) Challenges
Near Protocol (NEAR) has seen its price fall to $1.89, a 15% drop in a week, despite a 90% surge in trading volume. This situation raises suspicions that the asset is trading on speculative expectations rather than confidence in recovery. Technical indicators remain negative, with resistance around $2.15 and a critical level of $1.98.
BlockDAG's Rise
BlockDAG is becoming a popular solution for cryptocurrency mining, allowing over 2 million users to mine coins directly from their smartphones. More than 18,200 physical devices have been sold, indicating growing interest. New models like the X30 and X100 provide significant daily earnings, adapting to different user needs. The BDAG coin itself has seen a 2,660% rise since its first presale.
The cryptocurrency market continues to demonstrate volatility: BNB and NEAR face challenges, while BlockDAG shows significant growth and attracts attention through accessible mining.
