This week, the crypto community's attention is drawn to three key events: governance questions for Tron, Dogecoin price decline, and growing interest in BlockDAG.
Tron News: Increased Governance Concerns
Recent news about Tron is focused on scrutiny of its governance structure. Many board members have ties to founder Justin Sun, raising transparency concerns. The board is chaired by Weike Sun, father of Justin, alongside high-profile advisors and developers. Questions have also arisen regarding $100 million used for a reverse merger held in a trust in Hong Kong, where one of the company's directors is involved.
DOGE Price Drop Raises Concerns
The recent drop in Dogecoin (DOGE) price from $0.250 has pushed it below crucial support levels at $0.2350 and $0.2320, falling to a low of $0.2225 and now trading under the 100-hour simple moving average. Despite attempts to stabilize, DOGE faces a downward trend line at $0.2280. For DOGE to rise, it must break above this level to attempt a comeback to $0.2350 and beyond.
BlockDAG's Success and Its Referral Program
BlockDAG is showing growth due to its referral program, reaching a $356 million presale milestone. Participants can share links and earn bonuses on purchases, creating additional interest. The referral program offers a 5% bonus to buyers and 25% of the purchase amount to link sharers. Moreover, BlockDAG is set to launch on 20 exchanges, ensuring liquidity and access.
Recent events in the cryptocurrency world evoke both caution and excitement. Tron faces criticism for lack of transparency, Dogecoin continues its downward trajectory, while BlockDAG is successfully attracting investor attention.
