Recent changes in the cryptocurrency market are attracting the attention of investors and analysts. Ethereum and Ripple are in the spotlight, along with new achievements from BlockDAG.
Ethereum (ETH) Price Prediction for August
Ethereum (ETH) is showing positive trends due to a $5.12 billion inflow through ETFs and a decrease in the amount of coins held on exchanges. Analysts expect Ethereum to soon test the $3,919 resistance, with further strengthening possibly leading to price rises to $4,173 and $4,378. If the current momentum continues, there is a chance of reaching the all-time high of $4,874 again.
Ripple (XRP) Price Drop and Market Features
The price of Ripple (XRP) has fallen to $3.16, representing a 3.78% drop in a single day. This decline occurred against a backdrop of an 8.81% increase in trading volume to $7.02 billion. Despite this, XRP shows a 9.71% increase over the past week, with a market capitalization of $186.97 billion. However, if selling pressure intensifies, further price declines could occur. Analysts note that high liquidity could lead to a quick recovery if buying resumes.
BlockDAG Demo: Mining 200 BDAG Daily
BlockDAG recently showcased the functionality of the X1 mobile app and the X10 device, which together can yield up to 200 BDAG daily. Over 2.5 million users are already mining 20 BDAG each day with just the X1 app. With rising interest in the project, it has raised $358 million in presale, with 24.6 billion coins already sold.
Current trends in the cryptocurrency market present mixed sentiments. Ethereum continues to strengthen, while Ripple faces pressure. BlockDAG offers interesting opportunities for investors and users.
