The crypto market is facing increasing volatility, with Solana and Polkadot experiencing difficulties while BlockDAG is showing activity with a massive airdrop.
Solana: Price Drops Amid Market Uncertainty
Cryptocurrency Solana (SOL) is under serious pressure, falling to $126, the lowest price in two months. A recovery to $134 has not improved the situation, as the primary reason for the drop has been rising geopolitical risks due to a U.S. airstrike in Iran. The situation is exacerbated by Bitcoin also falling below the $100,000 mark, leading to Solana's weekly losses of 14%. If the support level at $130 is broken, the price could drop to $118, a key Fibonacci retracement zone.
Polkadot: Support Level on the Edge
Polkadot (DOT) is also in a tough situation, trading at $3.36 after a sharp weekly decline of 10.47%. Trading volume has fallen by nearly 45%, indicating reduced investor interest. If the price fails to hold at $3.40, it may slide to $3.00 or lower. However, a breakout above $3.80 could lead to gains up to $6.50 based on previous patterns.
BlockDAG: Airdrop and Successful Sales Drive Interest
Amidst the market instability, BlockDAG is attracting attention with its launch of a 100-million coin airdrop. This project has raised over $325 million in sales, indicating robust user interest. The availability of various participation paths—through testing smart contracts, referral programs, and presale—underscores the growing interest in BlockDAG. Additionally, the implementation of the Smart Contract Wizard technology and the launch of a mobile mining app make the project appealing to the audience.
Considering current trends, BlockDAG is demonstrating impressive results, while Solana and Polkadot face uncertain prospects. The massive airdrop and successful sales highlight opportunities for active investors in the current market conditions.
