The blockchain sector continues to evolve rapidly, and leading Layer-1 protocols are shaping the next wave of digital finance. Investors are focusing on both established giants and emerging contenders as they prepare for 2025.
Bitcoin: Key Levels and Institutional Inflows
On August 23, Bitcoin dipped below $115,000, trading at $114,980.5, reflecting a daily gain of 2.47%. Analysts are now eyeing the critical level of $118,000, which could determine Bitcoin's short-term direction. On-chain data suggests that a breakout above $118K may reignite bullish momentum.
Ethereum: Adoption and Upgrades
Ethereum is reinforcing its position as the backbone of Web3 and DeFi with significant developments. Key events include the seizure of 76.56 ETH by the US government and the launch of tokenized structured notes by DBS Bank. Daily transactions reached 1.74 million, with 680,000 active addresses.
Binance Coin: New Record and Institutional Confidence
On August 23, BNB surged above $900 for the first time, hitting $900.04. This followed strong defense of its support zone and robust institutional inflows. BNB is expected to be volatile in the short term, but the overall trend remains positive.
Bitcoin remains near key levels, Ethereum is rapidly adopting mainstream practices, and BNB is achieving new highs. Historical data indicates significant profits are often made by investing in new projects at early stages.
