The cryptocurrency market continues to experience fluctuations driven by various factors. BlockDAG demonstrates significant growth through internal mechanisms, while Avalanche and Hedera face challenges.
BlockDAG's Success and Its Market Impact
BlockDAG shows that strong project momentum can be achieved through internal community activity. Its Buyer Battles system has created an ecosystem where buyers compete based on purchase volume and frequency. This has led to strong presale activity without relying on traditional advertising expenses.
The project has raised over $326 million and sold more than 23.4 billion coins. Instead of increasing advertising costs, BlockDAG focuses on incentivizing user participation, highlighting strong interest in the project.
Current Position of Avalanche (AVAX)
Avalanche (AVAX) price action is currently testing the $15 support level, which could determine its near-term direction. Despite strong network metrics such as high transaction volumes and active addresses, the price remains under pressure within a descending trend. Technical indicators suggest potential downside risk if the support level fails to hold.
Decline of HBAR Despite AUDD Launch
HBAR's price has continued to decline even after the rollout of AUDD, a stablecoin developed by Australian payments firm Novatti. Despite this development, HBAR has traded near a two-month low, indicating that the market is not yet pricing in its long-term benefits.
The cryptocurrency market demonstrates a variety of situations: BlockDAG is achieving success through internal incentives, while other projects, such as AVAX and HBAR, face challenges. User participation becomes an important factor for sustainable growth.
