Cryptocurrencies continue to face volatility. Ethereum is seeing a significant decline, XRP is poised for growth due to new developments, and BlockDAG presents notable technological progress.
Ethereum's Drop and Its Consequences
Ethereum has fallen to around $1,777, down 5% over the last 24 hours. The entire cryptocurrency market is under pressure following President Trump's tariff actions, resulting in a market decline of $140 billion. ETH is now testing support near $1,750, and if it breaks down, it could slide to $1,200. However, large investors are quietly increasing their ETH holdings despite the current challenges.
XRP and the Future of Futures on Coinbase
Coinbase is seeking CFTC approval to list XRP futures, which could attract institutional interest. At the same time, XRP is strengthening its position with the listing of Ripple's RLUSD stablecoin on Kraken. Analysts note that charts show a potential rally to $3.51, which would represent about a 73% gain from current levels.
Launch of BlockDAG's Testnet
BlockDAG has launched its final testnet, which is fully Ethereum-compatible and already demonstrates a processing speed of over 2,000 transactions per second. The existence of real smart contracts and developer tools indicates that BlockDAG is a functioning platform with great potential. Developers can now work without the constraints faced by Ethereum users.
In light of the current situation in the cryptocurrency market, Ethereum and XRP face certain challenges, while BlockDAG demonstrates potentially significant technological value. Monitoring the developments of these projects will be crucial in the coming months.
