The cryptocurrency market continues to face fluctuations in prices. Stellar and Cardano are encountering serious issues, whereas the new project BlockDAG is drawing attention from investors.
BlockDAG's Achievements
BlockDAG recently presented its launch plan with a detailed six-week roadmap that includes smart contracts, DeFi tools, and multi-chain bridges. The project has already raised $309.5 million in presale and has seen success with the sale of 22.8 billion tokens. BlockDAG also has 20 exchange listings planned.
Situation with Stellar
The price of Stellar (XLM) has dropped to around $0.256, facing significant pressure from sellers. Analysts indicate the possibility of further declines if the support level of $0.252 is breached. It is expected that, in the short term, XLM might remain within the $0.26-$0.32 range.
Current Status of Cardano
Cardano (ADA) fluctuates around $0.623, and if the price falls below $0.62, there could be a further drop to $0.50. Some analysts point out that at least 310 million ADA have been accumulated by large holders this month, signaling potential long-term growth.
Under current conditions, Stellar and Cardano are facing considerable challenges, leading investors to shift their attention to BlockDAG. The project shows quite successful results compared to other cryptocurrencies in the market.
