The cryptocurrency market is buzzing with fresh news as Ethereum Classic rises sharply alongside optimistic forecasts from Cardano's founder.
Ethereum Classic Surpasses $25
Ethereum Classic (ETC) has surged over 24% in one day, climbing from $20.53 to $25.52. The support level is set at $24, while resistance lies at $24.70. Traders are confident that current Ethereum momentum could help ETC maintain its position and continue to grow.
Indicators also support the bullish trend. Open interest rose 23% in 24 hours, with positive funding rates and a Chaikin Money Flow of +0.14 signaling strong demand. However, analysts advise caution: a decline in spot buying volume suggests potential challenges. A break below $23.50 could push the asset back into bearish territory, making it crucial to hold above $25.
Cardano: Growth Forecasts from the Founder
Cardano's founder Charles Hoskinson is actively discussing possibilities for a "massive bull rally" in the crypto industry. He links this to potential cuts in Federal Reserve interest rates and the CLARITY Act, which may foster widespread cryptocurrency adoption.
In a lighthearted manner, Hoskinson suggested that if Cardano were to surpass Ethereum, Vitalik Buterin might need "anti-aging technology lasting a thousand years" to process the shock. His statements emphasize Cardano's ambition to compete with Ethereum.
The founder has shared growth plans, including the integration of USD1, a stablecoin linked to Donald Trump's World Liberty Financial platform, while also referring to interactions with Ripple's Brad Garlinghouse and ongoing discussions with the founders of Solana and Chainlink.
BlockDAG Breaks Presale Records
Meanwhile, BlockDAG is already rewriting presale history, raising $387 million, with an entry price of $0.03 and a launch price of $0.05. A standout feature is the Buyer Battles, a system that allows the day's largest buyer to receive unsold BDAG tokens for free, keeping participation active and community engagement high.
Security is also a crucial aspect of BlockDAG: independent audits from CertiK and Halborn confirmed the project's integrity, with all flagged issues addressed. Additional protective measures like multi-signature approvals and parallel Proof-of-Work execution further build user trust. Analysts are projecting explosive growth, with targets ranging from $1 in the short term to as much as $10 long term.
The move of Ethereum Classic above $25 and Cardano's growth forecasts reflect a new wave of optimism in the cryptocurrency market. Despite challenges, these projects continue to make a mark, while BlockDAG sets the bar for the coming years.
