There are active movements in the cryptocurrency market, especially from Ethereum and Bittensor. Both projects may play a significant role in the upcoming market changes.
BlockDAG Project and Its Plans
The BlockDAG project is on track to implement its strategy developed by CEO Antony Turner. Plans include activating vesting contracts, launching DeFi tools, and deploying nodes. Over $309.5 million has already been raised from a target of $600 million. Currently, the project is running Batch 29, which is priced at $0.0276 per coin.
Signals for Ethereum (ETH)
Ethereum is showing a bullish signal due to large ETF inflows totaling over $528 million this week. Open interest in ETH futures has reached $41 billion, reflecting traders' activity. Technical indicators also show the formation of bullish flags, with a possible breakout above $2,750.
Forecasts for Bittensor (TAO)
Forecasts for Bittensor suggest a possible rise to $800 or even $1,100 by year-end. Currently, TAO is trading in the range of $355–$365. Analysts believe that clearing the resistance level of $450–$472 may pave the way for $500 and beyond.
Amid significant developments in Ethereum and the prospects for Bittensor, the BlockDAG project is also actively moving towards launch. Their progression signals potential changes in the cryptocurrency market in the upcoming quarters.
