Recent changes in the cryptocurrency market have caught the attention of traders and analysts. The prices of Kaspa (KAS) and Hyperliquid (HYPE) are declining, while the BlockDAG project is showing significant growth.
Kaspa Price Drop: Causes and Implications
The price of Kaspa (KAS) has fallen below $0.17 after a branding update that received criticism from analysts and the community. Confusion over the new logo contributed to a wave of negative sentiment, pushing the price to an intraday low of around $0.165. Meanwhile, trading volume has decreased, indicating hesitation among short-term holders.
Despite this reaction, the project's technical parameters remain unchanged. The network continues to confirm blocks quickly, and mining participation is still increasing. Support at $0.158 could provide a floor, while a recovery above $0.18 would restore some momentum.
Hyperliquid's Short-term Price Correction and Activity Surge
The price of Hyperliquid (HYPE) dipped to $0.88 following a small sell-off that erased 6% from its recent high. Nevertheless, activity on the platform remains strong. Open interest continues to hover around $10.1 billion, and total value locked remains above $3.5 billion.
Funding rates remain in positive territory, indicating more long positions than shorts. Analysts believe that if volume increases, HYPE could test resistance near $1.05. Liquidity on the platform has steadily grown each month since January, reinforcing long-term bullish sentiment.
BlockDAG's Steady Growth and Milestones
BlockDAG is emerging as one of the most promising Layer 1 projects ahead of its official launch. With over two million users mining BDAG through the app daily, adoption is already underway at a scale that most projects take years to reach after launch. Users from more than 150 countries are participating without requiring expensive hardware or additional energy costs.
The Stage 29 price remains at $0.0276, but until June 20, the BDAG price has been frozen at $0.0018. With the launch price locked at $0.05, a 2,600% potential return is clearly outlined. A live EVM-compatible testnet is already running, ensuring strong liquidity from day one.
The price drop of Kaspa may attract bargain hunters, but recovery hinges on a move above $0.18. Meanwhile, the situation in Hyperliquid indicates buyer interest, but the support at $0.80 must be held. In contrast, BlockDAG is already demonstrating success in the early stages, making it an interesting prospect for the future.
