Cryptocurrency markets are showing diverse trends: Ethereum is losing ground, interest in XRP ETF is rising, and a new player appears—BlockDAG.
Ethereum Price Drop
Ethereum's (ETH) price has fallen more than 65% from its 2024 high, now reaching around $1400. This steep decline is prompted by concerns over economic conditions and the policies of the U.S. Federal Reserve. However, some analysts believe that a potential cut in interest rates could lead to a rebound. In the short term, prices may fall another 5-10%, but macroeconomic policy changes could quickly shift investor sentiment.
Growing Interest in XRP ETF
The anticipation surrounding the long-awaited XRP spot ETF is fueling discussions among investors. With Ripple's legal battles behind it, analysts are confident that the SEC will approve the ETF soon. If approved, XRP could skyrocket to $10-17 by mid-2025, according to experts. Ripple's CEO Brad Garlinghouse claims several new ETFs could launch by late 2025.
BlockDAG Initiatives
BlockDAG continues to gain popularity by providing various initiatives for developers. Among these is a $30 million grants program aimed at supporting innovation in DApps and tools. Global hackathons with prize pools exceeding $100,000 are also planned. Advisor Steven Clarke-Martin stated that these programs are designed to empower developers at all levels, creating opportunities for learning and growth within the Web3 ecosystem.
Amid Ethereum's price decline, interest is growing in the XRP ETF and BlockDAG initiatives. These changes may signal a new direction in the crypto market, where innovative projects are showing promising results.
