Dogecoin has dropped 70%, reaching its lowest sentiment level in over a year. While this drop concerns some, large holders are actively accumulating DOGE, indicating potential recovery. Meanwhile, VanEck Avalanche ETF registration hints at trust in AVAX's long-term value, despite recent price weakness.
Dogecoin's Struggles and Recovery Hopes
In recent weeks, Dogecoin's price has sharply fallen, with current sentiment at its lowest level in over a year. According to Santiment data, the score dropped from 3.861 in November 2024 to -0.935, indicating growing distrust among market participants. The 70% price drop—from $0.48434 to $0.14280—has increased pressure. However, whale activity, accumulating 1.4 billion DOGE worth $224 million, suggests potential recovery. The TD Sequential indicator has issued buy signals, indicating bullish chart patterns that could lead to a price bounce if the market stabilizes.
VanEck Avalanche ETF's Impact on AVAX
The registration of the VanEck Avalanche ETF in Delaware shows strong faith in Avalanche's future, even though its value has dropped 55% this year. If approved, the ETF will offer retail and institutional investors a regulated route to AVAX exposure, potentially improving price stability and attracting serious market players. While approval is not yet guaranteed, analysts say this filing could mark an important stage in Avalanche's path to wider adoption.
BlockDAG Pre-Sale Success
BlockDAG's pre-sale has gained momentum, raising over $206 million in sales. More than 18.9 billion BDAG tokens have been sold, with over 170,000 early participants. The price surged 2380%, from $0.001 at launch to $0.0248 in batch 27, due to strong public demand. Now, large-scale buyers are expected to enter, possibly speeding up the $600 million goal. Unlike individual buyers purchasing smaller amounts gradually, large buyers typically buy in bulk, adding liquidity and aiding BDAG's suitability for larger trades when listed on over 10 top-tier exchanges.
Each project is at a key stage. Dogecoin struggles now, but whale activity and technical indicators hint at possible recovery if the market improves. Avalanche is securing institutional support with the VanEck ETF, signaling long-term confidence, though real growth depends on broader market conditions. BlockDAG has already raised $206 million and is likely to reach its $600 million goal faster than expected, with substantial market player interest.
