Currently, three different stories of success and challenges are unfolding in the crypto world. Tether demonstrates stability, XRP faces price drops, and BlockDAG moves from theory to practice.
Tether (USDT): Stability and Growth
Tether (USDT) continues to maintain its dollar peg, which is expected by investors. Since the beginning of the year, USDT's market cap has increased by 80%, from $80 billion to $144 billion by April 1. This growth is accompanied by rising demand, likely from traders looking to secure their funds during volatile times. Investor confidence was bolstered by the news of Tether Limited's purchase of 8,888 BTC for $735 million in Q1.
XRP: Price Drop but Not Losing Relevance
XRP has had a rough quarter. Priced at $3.04 on January 1, it fell to $2.07 by April 1, marking a 32% drop. XRP's market cap followed, decreasing from $176 billion to $120 billion. This negative trend is driven by profit-taking after earlier gains and broader market corrections. Nevertheless, Ripple is continuing its development, and there’s ongoing buzz about a potential ETF approval from the current U.S. administration.
BlockDAG: From Ideas to Results
The BlockDAG project has shown how ideas can turn into real achievements. Since the Keynote 3 event, the project has launched Beta Testnet V1, begun shipping mining devices, and introduced the X1 Miner App. Currently, BlockDAG is in batch 27 of its presale, having sold over 19.1 billion coins and providing a 2,380% ROI for early investors. This project is actively building its ecosystem, including DeFi, governance, and over 1,000 dApps.
In conclusion, Tether demonstrates stability and growing demand for its token, XRP faces price pressure but remains relevant, while BlockDAG is moving forward, turning ideas into practice and providing significant returns for its users.
