BlockDAG Raises $5M in 48 Hours as Testnet Validates Potential; AVAX Eyes $30 ETF Rally, XRP Slips Below $2
As XRP struggles with rising supply and AVAX eyes gains from ETF speculation, BlockDAG’s $5M surge in 24 hours and live live Testnet position BDAG as the leading Layer 1 coin.
Avalanche is managing to hold $20 during ongoing volatility, but Nasdaq’s filing for a spot AVAX ETF could reshape its outlook. If approved by the SEC, the move could unlock new institutional inflows and create a path toward $30. Still, holding support around $19.74 is critical, with macroeconomic challenges keeping price gains in check.
XRP, on the other hand, is facing a tough reality. Even after legal wins, the token is trending down. A 7% drop, flat demand, and an expanding supply—now at 58 billion—are weighing on its market. If the $1.96 support fails, the decline toward $1.35 could unfold quickly.
In contrast, BlockDAG is growing through delivery. Following Keynote 3, it raised $5 million in two days, pushing total presale funding above $210 million. With a Testnet already handling over 1.2 million transactions, and tools for DeFi, token creation, and governance live, BlockDAG isn’t forecasting progress—it’s demonstrating it.
AVAX ETF Filing Could Open Institutional Doors—If Support Holds
Avalanche (AVAX) is hovering at the $20 level after an 8% daily dip, reflecting broader market uncertainty. Yet Nasdaq’s filing for Canary Capital’s AVAX ETF could change this outlook. If approved by the SEC, it could allow institutional access and potentially lead to increased demand.
Technically, AVAX is testing its 50-day simple moving average at $19.74. Holding that level could trigger a rebound toward $23 or higher. If support fails, a drop to $18 may follow before any recovery attempt.
Avalanche’s future direction depends on regulatory outcomes and how markets respond. Until then, it remains in a holding pattern despite strong development fundamentals.
XRP Faces Price Pressure as Supply Grows, Demand Wanes
XRP is struggling to build upward momentum. Even after the SEC dropped its appeal against Ripple, the coin lost 7% and now risks falling below $2. With whale activity slowing and exchange reserves steady, buyer interest remains muted.
What’s more, Ripple’s monthly escrow releases continue to expand the circulating supply—growing from 54 billion to 58 billion in just one year. This imbalance between supply and demand is putting pressure on price.
If XRP breaks below $1.96, a Head and Shoulders pattern may play out, pointing to a decline toward $1.35. The market remains cautious until clear signals emerge.
BlockDAG Sets the Pace: $5M in 48 Hours Validates Roadmap and Fuels Push Toward $1
BlockDAG is gaining ground through tangible progress. After Keynote 3, the project raised more than $5 million in just 48 hours, lifting its presale total above $210 million. Priced at $0.0248 in Batch 27, BDAG is seeing increased demand—fueled by consistent delivery, not just anticipation.
The Beta Testnet is live, with over 1.2 million transactions processed. It supports dApp development, a token creation wizard, and a detailed block explorer. These aren’t future plans—they’re functional today. And that’s only part of the story.
The project’s direction is clearly laid out. The mainnet will launch with staking, lending, DeFi tools, governance systems, and multi-chain bridges already built in. That means users can interact with the network from day one—no waiting for post-launch updates.
Exchange listings on 10+ platforms are confirmed, further supporting liquidity and access. Also, BlockDAG’s hybrid DAG + PoW design merges speed, scalability, and security—all without compromising decentralization.
CEO Antony Turner summed it up during Keynote 3: “What you’ll see today has been months in the making—a leap forward in decentralization, security, and scalability.” This direction, combined with technical performance and global visibility, is reshaping how Layer 1 chains launch and scale.
Final Outlook: Why BlockDAG Is Advancing as AVAX Waits and XRP Slows
Avalanche may gain significantly from ETF approval, but its next breakout depends on the SEC’s timeline. Technical indicators point to a possible bounce, yet confirmation is still missing.
XRP, despite favorable court developments, is dealing with growing supply and sluggish demand. The market has not responded with confidence, and unless demand rises, risks remain high.
BlockDAG, meanwhile, continues to move forward without hesitation. The Testnet is functioning at scale, the mainnet will launch with critical tools already integrated, and global listings are lined up. Its DAG + PoW architecture is optimized for fast, decentralized performance—and it’s already being put to use.
Among projects preparing for the next cycle, BlockDAG stands out as one that’s already building the infrastructure others are still planning.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
