Significant changes are observed in the cryptocurrency market, particularly regarding the price of Ethereum and Dogecoin. Both assets face difficulties, while a new player — BlockDAG — emerges on the horizon.
Ethereum (ETH) Price Drop
Ethereum's price continues to decline, failing to hold above the $1,800 mark. Signals of downward movement began after the failure to break the $1,880 level. The support at $1,785 is now under serious pressure, and if this level breaks, ETH could fall further towards $1,750 and $1,685. Resistance remains at $1,830 and $1,880.
Dogecoin (DOGE) Price Analysis
The price analysis of Dogecoin shows that the meme coin struggles to regain its momentum, remaining far from the $1 mark. Following Donald Trump's 2024 election victory, expectations surged, but DOGE has dropped 47.73% year-to-date. The negative funding rate of -0.001% indicates that most traders are shorting the coin, reflecting a bearish sentiment toward the asset.
BlockDAG Situation
BlockDAG has completed full audits from CertiK and Halborn, ensuring the project's safety and performance. It has raised $227.5 million, selling over 19.7 billion tokens. The project boasts over 170,000 unique holders and offers potentially high returns. Currently, the token price is at $0.0019, presenting interesting opportunities ahead of its market launch.
The cryptocurrency market continues to show fluctuations, and while Ethereum and Dogecoin face challenges, BlockDAG might emerge as a new interesting offering for investors.
