As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

As fear drives massive selling in the crypto market, major coins like Cardano and Solana are facing difficult times. Cardano is seen clinging to the $0.50 mark, possibly dropping to $0.32, while Solana has lost over 60% of its value, now at $95, also facing a significant token release.

However, while the attention of crypto traders is often drawn to large price movements, another project, BlockDAG (BDAG), is gaining traction not through hype but functionality. Having successfully raised over $213.5 million in its presale and launching its beta testnet, BlockDAG is introducing a no-code tool for easy coin and NFT creation.

This stands in contrast to the narrative surrounding ADA and SOL, both of which are at the mercy of market swings. On the other hand, BlockDAG is designed to foster a robust ecosystem where utility drives demand.

Cardano Price Analysis: Can $0.50 Support Hold For ADA?

Cardano is struggling to maintain the $0.50 mark as the crypto market continues to experience a broad downturn. Following a 4.38% drop, Cardano’s price today fell to $0.51.

If the lower support level at $0.50 breaks, the next support for ADA might be at the 23.6% Fibonacci level of $0.32, a critical support line that could offer some cushion against further price drops. The True Strength Index also indicates strong negative momentum with a reading of -0.91.

Moreover, a death cross between the 50-day and 200-day EMAs suggests that the potential for further losses might be high.

If the price of ADA manages to break through the support at $0.50, it could continue falling and reach the next support level at $0.32, marking a 40% decline from the current price.

However, if the support at $0.50 holds, we might see Cardano recover up to $0.66, a 20% gain from the current price. As the market continues to move, keeping an eye on the trends and technical indicators will be key to determining the next major move.

Solana Price Analysis: Is The Next Stop $80?

The price of Solana has tumbled by 18% to reach $95 in just one day, as U.S. tariffs sparked panic selling among traders.

Since mid-January, the price of SOL has decreased by over 60%, and with $62 million in long positions liquidated and 465,000 SOL tokens about to be released, there is potential for further downward pressure on the cryptocurrency.

Despite this, one investor has staked a significant sum of over $7.6 million in SOL, which might indicate some belief in the token’s future.

The Relative Strength Index (RSI) is deeply oversold, and the persistent death crosses suggest that the downward trend is likely to continue.

If the price of Solana dips below the $95.25 support level, it could continue falling to $90 or even $80. On the other hand, if the price manages to rise above the $114 resistance level, it could trigger a recovery to around $120.

The current scenario presents both risks and possible opportunities for traders, depending on their individual preferences and the market’s next moves.

BlockDAG: A No-Code Crypto Platform For Everyone

In a new development, BlockDAG has launched the beta version of its testnet, introducing a unique no-code tool that allows anyone to create coins and NFTs effortlessly.

Imagine Shopify but for Web3—simple, user-friendly, and designed to be easily navigated by everyone. This innovation reduces the complexity of crypto projects, enabling users and creators to get started quickly, a capability that was previously limited to tech-savvy developers.

Each project on this platform uses BDAG coins, naturally driving demand as more users and projects adopt the system. Already, over 110,000 participants are exploring the possibilities of this no-code crypto platform, demonstrating that BlockDAG’s utility is practical, not just theoretical.

The testnet also includes a $60K incentive pool, offering $2,000 in BDAG to each of the top 10 contributors. This further entices users to engage actively and contribute valuable content.

Currently, in Batch 27 of its crypto presale, BlockDAG is priced at $0.0248, a substantial increase of 2,380% from its initial price.

Having raised over $213.5 million and distributed 19.1 billion coins, BlockDAG is steadily building momentum.

As the launch of the mainnet approaches, this platform appears to be developing into something more than just

News data source: kdj.com

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