This week, the focus of crypto traders is on three major assets: Dogecoin, XRP, and BlockDAG. Each of these moves for its own reasons, offering different opportunities for investors.
Current Situation with Dogecoin
Dogecoin began August with a rebound, rising 3.65% to $0.2092. Daily trading volume exceeded $1.7 billion, and the RSI is around 64. Despite a decline of over 7% this week, interest in the asset appears to be returning. Analysts are monitoring the resistance level at $0.22.
If DOGE clears that barrier, the upside potential could stretch to $0.25 or even $0.28.
XRP and ETF Expectations
XRP jumped 4.5% after last week's dip, but all attention is on the potential ETF approval. Prediction markets give XRP a 64% chance of launching ahead of Litecoin, creating attractiveness for traders seeking regulatory catalysts.
However, analysts caution that much of this momentum may already be priced in. XRP's next move heavily depends on regulatory approval.
BlockDAG and Its Rapid Development
BlockDAG is actively raising funds, having garnered over $365.5 million, and is in the final stretch of its global launch. The current price of $0.0016 is valid only until August 11, after which it will reset to $0.0276. BlockDAG offers technologies already live in the market, with EVM compatibility and a low-code smart contract builder.
The platform has gained exposure to the sports market through partnerships with the Seattle Seawolves and Seattle Orcas, actively building its reputation and attracting new users.
Amid Dogecoin's short-term recovery, XRP's anticipated ETF, and BlockDAG's limited price window, the market presents various scenarios for investors. Dogecoin and XRP face growth limitations, while BlockDAG stands out with its technological advantages and imminent opportunities.
