The crypto market remains unstable, with varying trends among leading tokens. Recent analysis indicates that XRP may be preparing for significant growth, while BlockDAG intensifies its efforts with a new auction, and Jupiter faces challenges.
XRP: Possible Wave 3 Breakout
Analyzing XRP's current charts, experts suggest that the token may enter a strong bullish phase. According to Elliott Wave analysis, XRP could demonstrate a rise of up to 333% over the next 40 days. XRP is expected to complete the Wave 2 correction, likely to bottom between $2.60 and $1.60, setting the stage for the next wave of growth.
10 BTC Auction by BlockDAG
BlockDAG is conducting a 10 BTC auction, linking rewards to the purchase of BDAG. Each token purchased increases buyers' stakes in the prize pool of $1.1 million. So far, over 24.7 billion BDAG have been sold, raising a total of $361 million. The price for the current batch in the auction stands at $0.0276.
Jupiter Price: Decline and Its Causes
The price of Jupiter (JUP) has dropped by 10% due to significant outflows in both spot and derivatives markets. As of now, the price of JUP is around $0.5675, slightly above its 20-day moving average. Despite a slight recovery, open interest in JUP futures has decreased by 15%, indicating declining confidence in the token.
In the midst of turbulence in the crypto market, XRP shows signs of growth, while Jupiter faces a decline. BlockDAG's auction provides a unique opportunity for participants, linking rewards directly to user activity.
