This month in the cryptocurrency market, key events are unfolding around Solana, Ondo, and BlockDAG. These three projects draw special attention from investors and analysts.
Solana Struggles After ETF Delay
Solana's (SOL) price remains high, but short-term forecasts have soured. After rising nearly 29% over the past two months, its price fell to about $199 due to the SEC's delay in reviewing ETF applications. Many traders began to take profits, though analysts expect Solana to hold around $200 and possibly return to the $203–$205 range this week.
Ondo Gears Up with Tokenized Assets
Ondo Finance is actively developing the real-world assets (RWA) sector. The price of ONDO, around $0.91 after bouncing off the $0.85 level, is showing optimistic signals. Plans to implement more than 100 tokenized stocks and ETFs into its ecosystem boost ONDO’s growth potential, especially given its prior success in converting over $1 billion through U.S. Treasuries tokenization.
Impact of Whales on BlockDAG and Its Execution
BlockDAG is gaining attention due to promising metrics ahead of its launch. Key factors supporting this confidence include two large investor entries of $4.4 million and $3.6 million. By using a unique hybrid blockchain model, BlockDAG aims to achieve up to 15,000 transactions per second, distinguishing itself from competitors. Mining programs are already in operation, with over 19,000 miners preparing for deployment.
Despite current delays and changes in the market, Solana and Ondo continue to maintain investor interest. However, BlockDAG, with its implementations and active market actions, stands out as a clear favorite in this cycle.
