The cryptocurrency market continues to evolve with different dynamics across various coins. Tron (TRX) experiences resistance, Cardano (ADA) is losing volume, and BlockDAG attracts attention with its new offerings.
TRX Faces Resistance
Tron (TRX) is back in the spotlight after Justin Sun's appearance at Nasdaq. Over 14 billion transactions have been recorded, and USDT volumes exceed $80 billion, putting Tron at the forefront among Tether chains. However, current efforts to break resistance levels have yet to yield results. The question remains: can TRX maintain growth without sharp spikes in volume.
ADA Holds Support Despite Volume Drop
Cardano (ADA) lost 7% of its value in one day and another 3.7% in the following 24 hours, dropping below the $0.80 mark. Despite this, analysts note that ADA is supported at the 50-month moving average, which has previously served as a reliable support level. However, trading volume is declining, and indicators do not confirm significant movement from buyers, raising concerns.
BlockDAG Launches BTC Giveaway
BlockDAG is attracting attention with a 10 BTC giveaway among participants, running until August 11. The project also set a special launch price of $0.0016 per coin, significantly lower than the initial price. Since its launch, BlockDAG has raised over $361 million and sold 24.46 billion coins, indicating growing interest in the project.
The overview of current trends in the crypto market shows that TRX and ADA are facing various challenges, while BlockDAG is rapidly gaining popularity and interest from investors.
