This week, significant changes in the cryptocurrency market have been observed, including price increases and decreases for various assets. SPX6900 and Cosmos are drawing particular attention.
SPX6900 (SPX) Price Forecast
SPX6900 reached a new all-time high of $2.27, but then experienced a slight pullback. Increased trading volumes and market optimism contributed to heightened interest in this asset. However, rising sell pressure, including a decline in the stock-to-flow ratio, may impact the asset's future value, potentially dropping it to $1.93 if demand fades.
Cosmos (ATOM) Price Drop
The price of Cosmos (ATOM) dropped by 10.97% over the past week due to persistent sell pressure, despite achievements such as the launch of 100 live chains on MapOfZones. The activation of the new ShadeX project also failed to maintain positive momentum. Current support levels are at $4.56, and further selling could lead to decreased prices.
BlockDAG Success and Its Ecosystem
BlockDAG is demonstrating a unique approach by releasing its ecosystem before the official launch. The mobile mining application and beta test network are already operational, attracting over 4,500 developers working on more than 300 projects. The presale has raised over $359 million with 24.6 billion BDAG coins sold, indicating high interest in the project.
The unity of developers and active work on projects positions BlockDAG as a notable player in the cryptocurrency space. Meanwhile, SPX6900 shows strong dynamics, while Cosmos faces challenges despite released updates.
