This week, investor attention has been drawn to Hyperliquid (HYPE) and BONK projects, but a new player is emerging on the horizon - BlockDAG. The global launch of BlockDAG on August 11 promises potential price hikes.
BlockDAG Global Launch and Its Significance
On August 11, the global launch of BlockDAG (BDAG) will allow investors to purchase tokens at a price of $0.0016. Predictions suggest a potential increase of 3025% after trading begins. To date, 23.9 billion tokens have been sold, with over 2 million active users on the X1 platform. Partnerships with teams like Inter and Seattle Orcas will help attract attention from the sports world.
Hyperliquid (HYPE) Price Surge
The price of Hyperliquid hit a new record of $49.75, but is now observing a cooling trend to the $47-$48 range. While indicators show HYPE is in the overbought zone, trading volume remains high with open interest exceeding $10.6 billion. Analysts caution that a drop to the $39-$42 range could occur if market conditions shift.
BONK Price Increase and Market Impact
BONK is showing robust growth, doubling in price over the last two weeks from $0.000018 to $0.000030, fueled by a 1 trillion token burn. Increased activity on meme-based platforms has also contributed to the surge. Additionally, the addition of BONK to Grayscale's watchlist provided an extra boost to its price. Presently, strong retail support is being seen.
Amid significant events like the BlockDAG launch, interest in HYPE and BONK remains relevant. However, given current metrics, it is important to carefully assess short-term risks and market fluctuations.
