This week’s market chatter blends sharp price swings with potential long-term plays. BONK has stumbled after struggling to push past a key ceiling, while Ethereum is flashing a rare combination of bullish signals that analysts say could shape the rest of the bull cycle. Both are making noise, one by holding the line after a drop, the other by hinting it could lead the next altcoin wave.
Meanwhile, away from the day-to-day price drama, BlockDAG is advancing a presale model that mixes competitive buying challenges, global accessibility, and a post-launch trading rollout already locked in.
As BONK wrestles with recovery and Ethereum teases a major breakout, the question is whether BlockDAG’s unique mechanics will carve out its place as the top crypto to watch right now.
BONK Finds Support After Sharp Pullback
BONK slid nearly 6% in the last 24 hours, dropping from $0.00002606 to $0.00002436 after multiple rejections near $0.000027 on August 11. Trading activity spiked to 1.13 trillion tokens, well above its daily average of 708 billion, as sellers took control.
The pressure extended into August 12, but buyers defended the $0.000024 level, moving the price back up by 3% to $0.000025 on 889 billion tokens traded. That bounce reinforced $0.000024 as a solid short-term floor.
Fueling attention was Nasdaq-listed Safety Shot’s $25 million backing for BONK ecosystem growth via the Bonk.fun launchpad. This kind of corporate participation is helping meme coins gain more mainstream recognition. Technically, resistance remains at $0.000027, with $0.000024 acting as support, setting the stage for possible swings in either direction.
Ethereum Charts Show Signs of Extended Run
Ethereum is showing what Kev Capital’s Kevin describes as a “once-in-a-decade” alignment of bullish factors. Since his May call for “ETH season,” ETH has surged over 150%, pulling related altcoins like Chainlink and Uniswap higher.
The rally kicked off after a rare monthly demand candle formed at major support, paired with deeply oversold momentum signals, most notably a sharp V-shaped Stock RSI rebound and a looming monthly MACD cross. Charts tracking ETH dominance and ETH/BTC also point toward extended outperformance.
Still, the all-time high of $4,850 is the ultimate obstacle. Until ETH convincingly breaks that level on higher timeframes, the market stays in a zone of big potential but heightened risk. Expected U.S. interest rate cuts in September, October, and December could provide an extra push, but traders are keeping a close watch for pullbacks at resistance.
Buyer Battles and 2.5M Miners Prove BlockDAG’s Hype!
While BONK and Ethereum spark short-term plays, BlockDAG is securing long-term traction with features that are both interactive and expansive. Its standout Buyer Battles give the day’s biggest buyer all remaining unsold BDAG allocation for free, an incentive that refreshes every 24 hours, keeping competition fierce and participation steady.
The X1 mobile miner app is another growth engine, already attracting over 2.5 million users worldwide. By enabling mining without expensive rigs, it turns earning BDAG into a simple, accessible process, drawing in a community well before the network’s launch.
On the trading front, 20 centralized exchange listings are confirmed, including MEXC, BitMart, Coinstore, LBank, and XT.com, ensuring broad access and strong liquidity from the start.
So far, BlockDAG has raised $374 million in its presale. Batch 29 is priced at $0.0276, with a confirmed launch price of $0.05. From the first batch to Batch 29, early buyers have already seen a 2,660% gain.
With 24.7 billion coins sold, this blend of competitive mechanics, easy entry, and guaranteed exchange presence has cemented BlockDAG as one of the most talked-about projects in the market.
Looking Ahead
This week’s market split shows traders juggling both quick-turn setups and broader positioning. BONK’s recent drop is a reminder of meme coin volatility, while Ethereum’s technical picture offers the potential for a breakout-led rally.
BlockDAG, however, is charting its own path, one built on daily competitive buying, mass mobile mining participation, and confirmed post-launch trading access. Instead of waiting to scale after debut, it’s laying the groundwork now. In a news cycle dominated by rapid price moves, BlockDAG’s approach stands out as a model designed for sustained momentum well beyond the next headline.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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