Crypto watchers are monitoring market developments, including crucial price levels for Litecoin and Ethereum, as well as the activity surrounding BlockDAG.
Litecoin Approaches $97.10
Litecoin's price has broken above significant resistance, creating an opportunity to reach a new target of $97.10. Increased trading volume indicates growing confidence among traders. If momentum continues, some analysts predict Litecoin may approach $100.
Ethereum Price Update Amid Low Activity
Ethereum is trading around $2,578, which is 0.70% higher compared to the previous day. Current support and resistance levels are at $2,185 and $2,750 respectively, reflecting low market activity. Data shows that whales continue to stake around 60,000 ETH weekly, raising the total volume to 36 million ETH, but retail activity remains low.
BlockDAG's Strategy and Upcoming Global Launch
BlockDAG is implementing its Buyer Battles strategy, where 50 million BDAG coins are made available daily. Coins unsold by the end of the day are awarded to the top buyer, creating additional incentives for participation. The entry price remains at $0.0016 until the global launch on August 11.
Observations of the current price targets for Litecoin and updates for Ethereum indicate a need for caution among traders. Meanwhile, active strategies like BlockDAG's Buyer Battles showcase new approaches to creating market demand.
