Ethereum and Binance Coin continue to demonstrate solid results amid rising institutional demand and technology applications. A new player, BlockDAG, is also emerging on the horizon.
Ethereum Strengthens Positions with ETF Support
Ethereum is trading at around $3,780, reflecting a 40% rise in July and nearly 100% gains since April. This increase is linked to a $2 billion influx of capital related to ETFs, with $727 million entering the market in a single day.
ETH is holding firm above the $3,400 support level, with immediate resistance in the $3,800–$4,000 range. Ethereum continues to lead in smart contract execution and DeFi infrastructure adoption, driving broader ecosystem engagement.
Binance Coin Shows Growth Driven by Demand
Binance Coin (BNB) has seen significant gains, currently priced around $764, reflecting a 9% increase this week and 16% over the past month. The increasing demand is supported by high activity within the Binance ecosystem, including trading and smart contract support.
Technical indicators lean bullish, with oscillators signaling 'strong buy' and the price holding above its 200-day moving average.
BlockDAG to Demonstrate Dual Mining Setup in Live Demo
BlockDAG is set to showcase its dual mining architecture this Wednesday, highlighting the interaction between its X1 mobile app and X10 hardware miner. The X1 app supports mining up to 20 BDAG daily, while the X10 can earn 200 BDAG/day.
The X10 miner connects via Wi-Fi, Ethernet, or Bluetooth and requires minimal setup, fitting seamlessly into home environments. During the live event, BlockDAG will guide viewers through the activation and syncing process of both devices.
Ethereum and Binance Coin continue to significantly impact the cryptocurrency market due to rising institutional demand and the active application of their technologies. Meanwhile, BlockDAG represents a new opportunity focused on accessible mining.
