There is a lot of money moving in, around, and out of the crypto market. Binance Coin (BNB) & Cardano (ADA) are both seeing bullish movements. BNB’s bulls face resistance and analysts question if they will continue upward. ADA needs to beat resistance for the bulls to take hold.
Meanwhile, BlockDAG (BDAG) races along in a lane of its own, having just dropped a new brand video and sending the message that it is coming for the top crypto platforms. This video is a power play that tells other tier-1 competitors BlockDAG is coming and has the numbers to back it up.
The video comes as BlockDAG’s presale has zoomed past the $100 million milestone, currently standing at $105.5 million.
BNB Price Analysis: Bullish Momentum Faces Key Resistance
In today’s BNB price analysis, Binance Coin shows resilience despite recent challenges, trading at around $590. Following a rejection from the $600-$618 resistance zone, BNB’s bullish structure on the daily chart remains intact, albeit under pressure. Analysts note that BNB has formed higher lows, signalling potential bullish strength.
However, overcoming the current resistance is essential for further upward movement. Key support levels are found at $562 and $535, which, if held, could support a bounce back. A breakout past $618 may set BNB on a path toward the $635 and $659 levels, positioning BNB for greater gains.
Cardano (ADA) Price Target: Bullish Potential
Cardano’s (ADA) price action captures attention as analysts highlight a possible rally if the major support level around $0.30 to $0.35 holds steady. Market analyst “Melika Trader” points out that ADA has shown demand within this zone, setting a foundation for potential recovery. ADA’s long-term price target ranges between $1.20 and $1.80, contingent on this critical support.
In the short term, ADA eyes a bullish breakout if it can surpass the $0.39 resistance, which has previously indicated strong selling pressure. Cardano’s founder, Charles Hoskinson, has an ambitious outlook for ADA’s future growth, envisioning it as a significant blockchain player, potentially competing with the big players over the next decade.
BlockDAG Gains Momentum with New Brand Video
BlockDAG continues to make waves in the crypto industry following the recent rebranding of its website. This brand update highlights BlockDAG’s ambition to be at the forefront of blockchain innovation, pushing itself forward as a force to potentially surpass some of the tier-1 projects.
The project’s successful testnet has already showcased BlockDAG’s rapid transaction speeds and user-friendly features. BlockDAG’s mainnet development is set to be completed soon, further promoting the narrative that BlockDAG has the facilities to rival the top cryptos in the industry.
The project has also made significant financial strides, raising over $105.5 million with 14.6 billion coins sold. The coin is currently priced at $0.022 in Batch 25, delivering an impressive 2100% ROI for early adopters. This milestone, coupled with the release of BlockDAG’s brand video, has fueled increased attention from crypto enthusiasts and developers.
The video not only reinforces BlockDAG’s growth potential but also demonstrates its capacity to lead in decentralised finance (DeFi) solutions, appealing to a broad range of crypto fans looking for a fast-paced opportunity.
Could BlockDAG Be The Top Crypto To Invest in?
While many cryptocurrencies are seeing growth in Q4, Binance Coin and Cardano are prime examples of boldly facing the bulls. But based on longevity, infancy, and market validation, BlockDAG looks like the best option for the top crypto to invest in.
BlockDAG is young enough for traders to be getting in on the ground floor which means the amount of growth in a shorter time makes the project worth it. This is strengthened by the testnet launch and BlockDAG’s consistent community forward moves like the brand video or recent promotions. The coin has made sure to keep its name at the tip of trader’s tongues.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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