The cryptocurrency market is once again seeing intensified interest in Dogecoin and Cardano, accompanied by the rise of the new project BlockDAG.
DOGE Price Predictions after ETF Announcement
The price prediction for Dogecoin (DOGE) has improved following the 21Shares announcement about plans to launch a spot ETF. This event triggered an 8-12% price rise, temporarily pushing DOGE above $0.15. Analysts estimate a 64-75% chance of SEC approval for the ETF, marking a potential new phase in DOGE's market activity. However, on-chain data indicates that only 50.8% of DOGE holders are currently profitable.
Cardano Decline and Interest in New DeFi Platforms
As Cardano's (ADA) price fell by 10.79% to $0.5512, market participants began to focus on new DeFi platforms like RCO Finance. This platform allows access to tokenized assets combined with AI features, attracting traders moving away from older networks. Some analysts believe this is more than just a dip—it may reflect a broader reevaluation within the crypto industry.
BlockDAG's Success at Global Conferences
BlockDAG is rapidly establishing its significance on the global stage by participating in major crypto conferences. Following a successful presentation at ETHDenver, the team is preparing for ETHPanama and Token2049 events. As a result of these efforts, BlockDAG has raised over $214 million by selling more than 19.2 billion BDAG tokens. This success highlights the growing interest from developers and users in a new layer that supports EVM.
Amid the current events, Dogecoin continues to attract attention while Cardano faces challenges. However, the BlockDAG project shows impressive results as it prepares for key events in the cryptocurrency industry.
