Recent developments in former President Donald Trump's tariff policies are beginning to impact the cryptocurrency market. This article examines the implications for BNB and Cardano, alongside the successful launch of BlockDAG's testnet.
BNB's Performance: Sustained Growth or Weakness?
BNB's price has climbed to $680, yet the RSI remains neutral, which may indicate a loss of momentum. This divergence historically points to potential resistance and a weakening stance as the price rises.
The $680–$700 zone has again proven to be a barrier for BNB, and with tariff news on the horizon, the market is exhibiting caution.
Cardano's Mixed Signals: Rise and Fall
Cardano's price dropped from $0.808 to $0.637 in March, during which around 200 million ADA changed hands. This may suggest selling pressure from major holders, however, institutional interest has also risen, with $63.3 million flowing into ADA-related products in March, bringing the annual total to $70 million. This contradiction between retail selling and institutional buying reflects uncertainty in the market.
BlockDAG: Beta Testnet Launch and Project Success
In contrast to other networks awaiting stability, BlockDAG is moving forward with the launch of its Beta Testnet V1, which is already handling transactions through over 100 community-driven nodes. More than 170,000 users will receive 10,000 BDAG each in test coins as part of the test. Furthermore, the top 30 participants in various activities will receive $2,000 in BDAG each, highlighting the project's proactive expansion.
Given the market's instability due to tariffs, BNB and Cardano are sending mixed signals. Meanwhile, BlockDAG is making significant strides toward expanding its capabilities through a successful testnet launch.
