Currently, the price of XRP holds above key support levels while Binance Coin (BNB) shows signs of declining dynamics due to falling developer activity.
XRP Price Dynamics
The XRP price today hovers around $2.180 despite a slight dip from a high of $2.2191. XRP continues to be supported by the 100-hour moving average, which helps maintain its short-term strength — as of today, the price is moving sideways below the resistance level of $2.220. Breaking this level could pave the way for targets of $2.250 and $2.320.
Declining Developer Activity of BNB
The Binance Coin market shows a growing gap between its steady price and falling developer activity, with a recent 85% drop in smart contract activity. This raises concerns about the platform's ability to sustain growth in the long run. Outside of DeFi, progress has also been weak, which could lead to further slowdown.
Rising Interest in BlockDAG
The BlockDAG project has injected fresh energy into the market with its upcoming global launch that will provide buyers access to a rare $0.0016 price. This price was available during the early stages of its presale, offering a special opportunity for those who missed out earlier. Since its inception, BlockDAG has already raised $326.5 million and sold 23.4 billion tokens.
XRP shows confidence, remaining above key support levels, while the BNB market slows due to decreasing activity. Conversely, BlockDAG attracts investor attention, offering an innovative approach and profit potential.
