Recent days have seen significant price fluctuations in the cryptocurrency market, especially for ONDO and SUI tokens. While the former shows signs of recovery, the latter faces pressure after a token unlock. The BlockDAG blockchain project confirms its activity ahead of the upcoming global launch.
ONDO: Price Fluctuations and Outlook
ONDO is trading at $0.9419 after a slight recovery of 2.24%. However, the $1 mark remains a significant resistance level. Analysts believe that if ONDO breaks through, price targets of $1.32 and $1.50 could be reached quickly. Conversely, failure to maintain the current level may result in a drop to recent lows.
SUI: Decline After Token Unlock
SUI has dropped nearly 20% this week, trading close to $3.46 after the release of 76.27 million tokens. The increase in supply triggered heavy selling, but some analysts view the dip as a potential reset for recovery. On-chain data for SUI remains strong, with over $14 billion in decentralized exchange volume noted for July.
BlockDAG: Achievements and Upcoming Launch
BlockDAG continues to gain traction. The presale has raised $367 million with 24.8 billion coins sold. A global launch is set for August 11, accompanied by a 10 BTC auction, turning the final phase of sales into a significant competition. Currently, over 2.5 million miners and 4,500 developers are actively working across more than 300 Web3 projects.
The current situation in the cryptocurrency market is marked by significant price fluctuations and activity among several projects. ONDO and SUI are in differing scenarios, drawing trader interest, while BlockDAG prepares for its crucial launch.
