The cryptocurrency market is experiencing significant changes. Ethereum and SUI are facing challenges, while BlockDAG shows noticeable growth and activity.
SUI Price Dynamics
SUI has dropped by 8.99% in the last 24 hours and is now trading at $2.35. Over the past week, the decline has reached over 20%. However, trading volume has surged by 129%, reaching $1.42 billion. Analysts note that SUI could rebound to a price level of $4 if market sentiment improves.
Ethereum Issues
Ethereum (ETH) continues to lose ground, dropping by 2% in the last day. Since the beginning of 2024, ETH is down 35%. Nevertheless, there has been a significant influx of capital, amounting to $274 million over the week, which may indicate a potential upward trend.
BlockDAG Growth and Activity
BlockDAG is actively developing its project, having executed a 100 million coin airdrop and raising $324 million in presale funding. With over 2 million users in the X1 app, the project has already planned listings on 20 major exchanges. This emphasizes the focus on expanding visibility and user accessibility.
Given the current trends, Ethereum and SUI are facing challenges, while BlockDAG continues to grow due to active engagement and user involvement.
