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Trends in the Cryptocurrency Market: Ethereum, BNB, and BlockDAG Under Observation

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by Giorgi Kostiuk

7 hours ago


The cryptocurrency market is witnessing specific trends where Ethereum and BNB hold their positions, while BlockDAG attracts attention due to its airdrop.

BlockDAG's Airdrop as a Growth Tool

BlockDAG's 100 million airdrop serves not only as a rewards giveaway but also as product testing and network expansion. Participants earn rewards for completing tasks and referring others, contributing to community growth. The fixed price of $0.0016 will remain until the global launch on August 11.

Ethereum's Stability Amid Sluggish ETF Inflows

Ethereum's price stabilized around $2,500 after the end of a rising period where Ethereum-focused ETFs attracted over $1.37 billion. A significant volume of outflows led to a decrease in the strong momentum, but Ethereum shows support at the $2,500 level.

BNB's Resilience and Binance Chain Activity

BNB's price holds around $640 despite global market pressure. High activity on Binance Chain supports BNB's price and indicates ongoing buyer interest, which provides positive outlooks for the future.

Amid current market realities, Ethereum and BNB demonstrate confidence and stability, while BlockDAG attracts attention with its airdrop and community-building approach.

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