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Market Overview: PEPE, Avalanche, and BlockDAG's Progress

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by Giorgi Kostiuk

20 days ago


The cryptocurrency market is displaying diverse trends with active movements in PEPE and Avalanche, while BlockDAG is reaching new heights in its development.

PEPE on the Verge of Breakout

PEPE's price is holding at $0.0000122, with resistance at $0.0000135. After a month of drifting lower by 11%, the token is consolidating, and trading volume remains strong. A break above $0.0000132 could trigger a short-term rally, while slipping below $0.0000120 may open the door to $0.000008.

On-chain metrics indicate that PEPE has 438,000 holders, with a large portion of the supply in long-term wallets. Whale activity and derivatives show some pressure, but conviction among long-term holders is stable.

Avalanche Shows Increased Activity

Avalanche is experiencing its strongest stretch of network activity, with daily transactions surpassing 1 million multiple times this week. The launch of MapleStory Universe helped push weekly volume to 5.8 million. Avalanche's infrastructure is proving its scalability through subnet architecture.

Beyond gaming, Avalanche is gaining traction in institutional adoption, including a $100 million fund launched by VanEck.

BlockDAG Progressing Towards Final Presale Phase

BlockDAG is executing on its promises and moving towards the final phase of its presale. The six-week rollout is on track, with all major milestones being met on time. Miner shipments will begin in July and August, with centralized exchange listings scheduled after Batch 45.

The presale has reached $318.5 million raised towards a target of $600 million, with 23.2 billion BDAG coins sold. The current price remains at $0.0020, but is expected to rise to $0.0030 after June 24.

While PEPE is holding its range and Avalanche is proving its network strength, both are still tied to market sentiment and future potential. BlockDAG, on the other hand, is moving with precision, building and delivering its commitments.

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