The current situation in the cryptocurrency market raises concerns among traders. Ethereum and XRP are facing challenges, while the BlockDAG project shows promising results.
The Situation with Ethereum
Ethereum (ETH) is currently trying to stay above the $211.50 mark. After four months of declines, the price fluctuates between $2000 and $211.50. The support line formed since late 2020 is crucial for future movement. If ETH can hold, there is a possibility of growth towards $2500; otherwise, there may be a drop to $1500.
XRP's Prospects
XRP is currently under pressure with a resistance level at $2.20. A bearish trend has formed, and the current situation does not inspire optimism. If buyers do not show activity, XRP may retest the support level of $2.0650. The accumulation and selling activity by large holders create mixed signals.
Notable Achievements of BlockDAG
BlockDAG is progressing without venture capital involvement, having raised $211.5 million from the public. The project has demonstrated successful results, including 19.1 billion sold BDAG tokens and a 2,380% price increase since the first release. The testnet is already operational, with over 1.2 million transactions confirmed and more than 100 validators actively working. The X1 Miner app is already used by 800,000 users, indicating stable development of the project.
Ethereum and XRP are currently at critical support levels, and their futures will depend significantly on current market conditions and trader activity. BlockDAG, on the other hand, has clear advantages and achievements that may attract attention to the project in 2025.
