As cryptocurrency prices change, investors' attention is drawn to whale activity in Cardano, as well as new opportunities provided by NEAR and BlockDAG.
Whale Activity in Cardano
Cardano (ADA) is witnessing an uptick in interest from large investors as the price approaches $0.6996, just below the important resistance level of $0.74. In April, major buyers acquired over 420 million ADA for nearly $289 million. Over the past two months, whale accumulation reached $379 million, indicating confidence in ADA's long-term prospects, despite a decline in network activity. The Relative Strength Index (RSI) has risen above 50, indicating increasing bullish strength.
NEAR Update and Cross-Chain Access
NEAR Protocol's recent update provides users with the ability to control assets on Solana, Aptos, TON, Stellar, and Sui from a single NEAR account thanks to EdDSA signing support. This has become possible through Chain Signatures that allow NEAR smart contracts to sign and send transactions to other chains. The update significantly simplifies developers' lives, enabling them to create multi-chain applications without the need to write separate code for each chain.
Prospects of BlockDAG and Unique Offerings
BlockDAG (BDAG) is rapidly gaining traction. The project has already raised more than $227 million, sold over 19.7 billion BDAG coins, and gathered more than $6.9 million from miner sales. Participation in the Buyer Battle allows users to earn extra BDAG each day, providing a competitive edge. Entering at the $0.0019 level opens up opportunities for market entry without reliance on private rounds.
The current developments in the Cardano and NEAR networks, along with the offerings from the BlockDAG project, highlight the active evolution of the cryptocurrency world and its growth potential moving forward.
