Amid the decline of various cryptocurrencies such as Binance Coin and Near Protocol, the BlockDAG blockchain project shows notable growth in user interest.
Binance Coin Price Chart
The price chart for Binance Coin (BNB) shows a sharp drop from $697.55 on May 27 to approximately $600. Although stablecoin activity on the BSC chain increased by 8%, reaching $749 billion, BNB continues to struggle.
Technical patterns indicate the possibility of continued decline. A head-and-shoulders pattern has emerged, and both the RSI and Stochastic Oscillator confirm bearish momentum. BNB is below major support zones, with potential support near $500. Until sentiment changes, Binance Coin's price may face more downside.
Situation with Near Protocol
Near Protocol continues to show weak momentum. Despite a 90% spike in trading volume, the price has dropped 15% in the last week to $1.89. The lack of any upward trend has kept trader confidence low.
Technical signals remain unfavorable. All key EMAs are trending lower, confirming a bearish outlook. With resistance sitting at $2.15 and support barely holding at $1.98, NEAR could break down further.
BlockDAG Mining Growth
BlockDAG has become a standout project in the mining space. More than 2 million users are already mining BDAG using the X1 Miner App. On the hardware front, BlockDAG has sold 18,215 miners, showing a mix of interest from small-scale users and serious miners.
In conclusion, BNB and NEAR are facing serious challenges that require drastic shifts in market sentiment. Meanwhile, BlockDAG continues to gain popularity thanks to an increasing number of users and hardware sales.
