Market attention is focused on three key stories: Tron's growth, Hedera's ETF delay, and BlockDAG's development.
Tron's Technical Analysis and Potential
Technical analysis reveals that TRX price is gaining interest due to the improving Sharpe ratio, a metric reflecting risk-to-reward ratios. According to CryptoQuant, TRX's ratio has climbed above 1, perceived as a positive indicator for future profits. However, it is still far from historical peak values.
Large USDT transactions on TRC20 platforms amounted to $694 billion in May, with $411 billion accounted for by significant movements. Currently, TRX is priced around $0.272, down 1% over the past week.
Hedera's ETF Delay: Consequences and Expectations
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on ETFs for Dogecoin and Hedera, indicating a need for further public discussion and analysis, but not a final rejection. While this slows market entry, it also signifies continued interest from institutional investors.
At present, Hedera's price hovers around $0.16, generating mixed sentiments amid uncertainty.
BlockDAG's Development and Growth Drivers
BlockDAG is moving along a clear and structured path to become a leading Layer 1 platform. A fully operational EVM-compatible testnet is available, allowing developers to launch smart contracts. The project has been actively engaging developers through grants and hackathons, aiming for 1,000 decentralized applications by 2026.
Currently priced at $0.0018, BlockDAG has secured 20 future centralized exchange listings. This pre-launch infrastructure potentially ensures sustained demand rather than speculative interests.
Investors currently face three distinct directions. Tron's price pattern provides an optimistic outlook with increasing activity from major holders. Hedera's ETF delay shows variable expectations, while BlockDAG, with its clear plans and support, offers considerable potential.
