This week has seen significant pressure on XRP and Cardano, while BlockDAG demonstrates rapid growth and captures investor attention.
Pressure on XRP and Cardano
XRP has dropped to $2.24 amidst weakening sentiment and regulatory concerns. Increased supply has also adversely affected prices. Cardano, hovering around $0.69, faces risks of further declines below $0.60.
BlockDAG: Gaining Visibility
BlockDAG is finalizing a sponsorship deal in the US, potentially increasing its visibility in 2025. Raising $302.5 million and having over 2 million users indicates growing interest in the project.
Overall Market Situation
The overall situation in the cryptocurrency market remains uncertain. XRP faces legal risks, while ADA is under pressure at price levels. In contrast, BlockDAG is ramping up activities and attracting attention to its project.
XRP and ADA remain under pressure, while growing initiatives from BlockDAG might shift market dynamics. Investors are closely watching the developments.
