With the current revival in the crypto market, attention is drawn to three major cryptocurrencies: Cardano, Polygon, and BlockDAG. Each demonstrates unique characteristics and developmental directions.
Cardano Price Dynamics and Possible Reversal
Cardano (ADA) is currently trading at $0.5989 after a volatile June, with prices peaking at $0.61074 and dipping to $0.5969. Despite fluctuations, 89% of traders remain optimistic. However, market conditions show that ADA is facing tough resistance levels around $0.65–$0.67. Without a breakout, prices may continue to slide. Nevertheless, developments in Cardano's ecosystem could provide a boost towards the $0.95–$1.80 range by 2025.
Current Situation with Polygon
Polygon (POL) remains within the range of $0.194 and $0.218, with 13 days of growth in the past month, yet this is insufficient for a full rally. The 14-day RSI indicates indecision. Short-term forecasts suggest possible levels between $0.21 and $0.26. If resistance breaks, a move to $0.45 could follow; conversely, $0.15–$0.17 may emerge as the next support levels. Analysts project reaching $0.37 by 2026 as Polygon continues to enhance its scalability.
BlockDAG Achievements and Its Unique Mining Model
BlockDAG (BDAG) is gaining significant traction as a top-tier Layer 1 blockchain employing Proof of Work. Its unique Directed Acyclic Graph (DAG) structure allows multiple blocks to be processed simultaneously, enhancing scalability and speeding up transactions. Currently, it handles 10 blocks per second, with plans to exceed 100. This parallel processing technology greatly reduces latency and provides superior throughput compared to traditional chains. BlockDAG has also raised $315 million and is preparing for its mainnet launch.
Cardano and Polygon retain long-term potential, while BlockDAG stands out with its innovations and focused mining approach suggesting significant growth opportunities ahead.
