The crypto market is undergoing interesting changes: XRP is trying to hold onto $0.50, Cardano continues to slide, and the BlockDAG project is already actively developing its infrastructure.
Real Progress of BlockDAG
BlockDAG has already raised over $309.5 million and continues to actively develop with a functioning testnet and integrated smart contracts. Unlike other projects that only promise post-launch, BlockDAG is already implementing its ideas and functionalities. CEO Antony Turner detailed the deployment of DeFi tools and active development of dApps.
XRP's Market Position
XRP is trading around $0.488, awaiting whether it can recover above $0.50. Traders are watching the $0.503 level, which, if held, could open the path to $0.52. However, falling below this could lead to a retest of $0.462. Currently, buying interest remains low.
State of Cardano and Its Outlook
Cardano remains in a downtrend, trading around $0.385. After the latest rejection from $0.418, sellers have taken the initiative again. Current conditions suggest a need for support at $0.375, or else Cardano may drop to $0.36. Weak trading volume and declining market interest are also negatively impacting its movement.
Analyzing the current situation in the crypto market reveals that XRP and Cardano are facing serious challenges, while BlockDAG demonstrates real results and active building. The future of these projects remains uncertain.
