The cryptocurrency market in Q3 2024 shows various movements, particularly from Dogecoin, Pump.fun, and BlockDAG. Each of these cryptocurrencies has its own unique story and growth potential.
State of Dogecoin
Dogecoin (DOGE) has dropped 7.1% in the past 24 hours following Bitcoin's decline below the $122,000 mark. Despite this, DOGE is still up more than 60% since July 2024, indicating that the overall trend remains positive. The current Dogecoin setup shows strength, but short-term pressure could increase if support is not maintained.
Issues with Pump.fun
Pump.fun made a splash on launch day, reaching $47 million in volume before declining from $0.006 to $0.005. While 37,000 wallets now hold the token, the majority of the supply remains in the hands of early holders, limiting broader traction. Large allocations to firms such as Wintermute and DWF Labs have raised concerns about price control and transparency.
Success of BlockDAG
BlockDAG has gained attention by raising over $343 million in a presale set to conclude in 6 days. Currently, it offers a unique NO VESTING PASS that allows buyers full access to coins right at launch, significantly boosting demand. The current price for BDAG is just $0.0016, making it highly attractive for early buyers, given the expected launch price of $0.05.
Cryptocurrencies continue to evolve, and while Dogecoin shows promise, it relies on the overall market state. Pump.fun is navigating challenges related to early sell-offs, while BlockDAG is achieving outstanding results and setting a new benchmark for future ICOs.
