The crypto market situation is currently characterized by the activity of leading players such as Solana and BNB, along with the growing interest in the BlockDAG project. This article examines the current price dynamics and overall trends in the market.
Solana: New Impulse Driven by Whale Activity
Solana has attracted attention after a whale transferred 71,000 SOL (approximately $12 million) from Binance to the decentralized finance platform Kamino. Such transfers typically indicate long-term holding. On August 5, Solana saw a buying volume of $553,000 compared to $532,000 in sales. For three consecutive days, more Solana coins were bought than sold.
A negative spot netflow of -$6.86 million indicates that more Solana is leaving exchanges than entering, signaling confidence in long-term holding. Among futures positions, 79% are long, and funding rates remain positive. The next resistance level for Solana is $148, and if that is broken, analysts predict a rise to $200.
BNB: Technical Analysis and Corporate Adoption
BNB remains above $750, despite a slight dip of 1.2% in the last 24 hours. The technical outlook shows that BNB maintains stability, especially after CEA Industries adopted BNB as its corporate treasury asset. This reflects increasing confidence from major institutional players in BNB as a corporate-grade asset. Technically, BNB shows strong support near $760, with interim resistance at $770. If BNB clears this level, it could test the $790–$800 range.
BlockDAG: Growth Expectations and Real Development
BlockDAG demonstrates a potential upside of 3,025%, having already raised over $368 million during its presale. Currently priced at $0.0016, BlockDAG is expected to rise to $0.0276 on August 11. This project combines a hybrid blockchain-DAG infrastructure with EVM compatibility, offering the ability to deploy smart contracts and create low-code decentralized applications. BlockDAG's success is driven by real market steps, including partnerships with sports and media teams.
While Solana and BNB reflect strong market performances, BlockDAG stands out with its unique offerings and increasing interest from institutional investors.
