After a long-running streak of breaking down from support levels, Dogecoin (DOGE) is set to reverse the trend. Recent Dogecoin price action reveals that the bottom is in for the memecoin amid growing chatter for a strong rally. Dogecoin Price Reclaims Breakdown Signaling The Bottom Cryptocurrency analyst Trader Tardigrade says recent Dogecoin price action indicates a positive trend reversal following multiple support breakdowns. In his analysis on X , Tardigrade notes that DOGE has reclaimed a previous price breakdown at $0.15300 after a small rally. After prices dipped below the support level, DOGE quickly recovered, powered by a rally that saw the asset record double-digit gains over the last day. Tardigrade notes that reclaiming the breakdown signals the end of a long-drawn price decline for Dogecoin. Since the start of the year, the Dogecoin price has been in steep decline, recording three steep price breakdowns without an attempt to reclaim support levels. “Dogecoin has successfully reclaimed its previous breakdown, marking the first time since the downtrend began in January 2025,” said Tardigrade. “This price action suggests that Doge is gaining strength and may have already reached its bottom.” The claims that Dogecoin bottom has gathered steam with crypto analyst Master Kenobi predicting that DOGE price will bounce back . Master Kenobi goes on to predict a new all-time high for DOGE in early June, confirming the bottom as well. Fundamentals Stoke Support For DOGE Bottom Claims Apart from technicals, certain fundamentals suggest that the bottom is in for the Dogecoin price. 21Shares’ filing for a spot Dogecoin ETF is fuelling a small rally for the dog-themed meme coin . A previous collaboration between 21Shares and House of Doge for a Dogecoin ETP on the SIX Swiss Exchange is a tailwind for the asset. DOGE has survived the scare stemming from Elon Musk’s imminent departure from DOGE as it eyes the $1 mark. However, DOGE will have to contend with heavy selling pressure from whales and the broader macroeconomic pressures impacting the cryptocurrency markets to avoid slipping below the support level again. The post Dogecoin (DOGE) Reclaims Previous Breakdown, Will This Mark The Bottom? appeared first on CoinGape .
The cryptocurrency market has consistently offered remarkable opportunities for substantial returns. Investors are particularly keen on assets like Ethereum (ETH) , Bitcoin (BTC) , and XRP , which have demonstrated significant growth potential. The pressing question remains: Can a modest investment of $100 in these cryptocurrencies burgeon into $10,000 ? PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW Current Market Performance As of April 10, 2025 , the market reflects the following prices: Ethereum (ETH) : Trading at $1,593.18 , with an intraday high of $1,679.83 and a low of $1,444.64. Bitcoin (BTC) : Priced at $81,648.00 , experiencing an intraday high of $83,424.00 and a low of $75,894.00. XRP : Valued at $2.00 , reaching an intraday high of $2.09 and a low of $1.77. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE: An Emerging Contender with High Growth Potential In addition to established cryptocurrencies, emerging projects like MAGACOINFINANCE present intriguing opportunities. Exclusive Offer: 50% Bonus with MAGA50X Investors have a limited-time opportunity to maximize their holdings through the MAGA50X bonus: Pre-sale Price : $0.0002804 per token Listing Price : $0.007 per token By applying the MAGA50X bonus, the purchase price is effectively reduced, enhancing the potential Return on Investment (ROI). Consequently, a $1,000 investment at this rate could potentially grow substantially before the first exchange listing. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Additional Considerations: AVAX and LINK Other cryptocurrencies also present investment opportunities: Avalanche (AVAX) : Trading at $17.95 , with an intraday high of $18.74 and a low of $16.02. Chainlink (LINK) : Priced at $12.32 , experiencing an intraday high of $12.79 and a low of $11.09. These assets have shown resilience and may offer growth potential, but they currently lack the momentum observed in MAGACOINFINANCE. Conclusion Investing in cryptocurrencies like Ethereum, Bitcoin, and XRP has the potential to yield substantial returns, potentially transforming a modest investment into significant wealth. Emerging projects like MAGACOINFINANCE further expand the horizon of opportunities in the crypto market. As always, thorough research and consideration of market dynamics are essential when making investment decisions. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $100 to $10,000? Ethereum, Bitcoin (BTC), and XRP Could Do It
The current downturn in the crypto market has not only reduced valuations but also opened new opportunities for robust cryptocurrencies with significant growth potential. Several notable names are emerging, not merely for their ability to withstand market fluctuations, but for their strategic expansions. These cryptocurrencies are not limited to quick gains; they are developing infrastructures, attracting user engagement, and implementing essential technological advancements for sustained expansion. For those considering a venture into or return to the cryptocurrency arena, this could be an opportune moment. With reduced prices and accelerated development timelines, the cryptocurrencies highlighted below are poised to thrive beyond the current market setback. Here’s an overview of the 4 best crypto coins for 2025, starting with one that has been at the forefront of recent developments: BlockDAG. 1. BlockDAG Achieves $212.5M and Initiates Swift Beta Testnet BlockDAG (BDAG) is swiftly progressing, driven by an ambitious development timeline and a strong presale phase. It has successfully gathered over $212.5 million, with more than 19.1 billion BDAG coins sold. The price per coin has escalated from $0.001 in the initial presale to $0.0248 in the 27th batch, marking a remarkable 2,380% increase. The recently launched Beta Testnet V1 offers enhanced speed, doubling the performance of its predecessor and includes tools for straightforward creation of tokens and NFTs. Participants in the testnet can earn up to $60,000 in rewards, fostering a vibrant early user community. BlockDAG utilizes a DAG-based architecture for rapid transaction processing combined with PoW security to maintain decentralization. Significant developments include partnerships with SpaceDev and HackerEarth, and future plans to list BDAG on over ten central exchanges once the mainnet is active. The X1 mining app has achieved over 1 million downloads, and the platform anticipates hosting over 1,000 dApps by 2026. With projections pointing towards a post-listing price of $1, BlockDAG is a prominent player among the 4 best crypto coins for 2025. 2. Avalanche Predicted to Reach $55 by 2025 Currently, Avalanche (AVAX) is priced at $15.89, having dropped over 8% recently. Despite this downturn, its long-term prospects remain promising. Standard Chartered has projected a bullish future, suggesting that AVAX could ascend to $55 by the end of 2025, with potential to reach $250 by 2029. Avalanche stands out due to its distinctive subnet architecture that not only keeps transaction costs minimal but also enhances scalability, differentiating it from its rivals. In the short term, AVAX is encountering resistance near the $20 level. Analysts believe it requires additional momentum to overcome this barrier. Nevertheless, with recent network enhancements and growing interest from developers, there’s a buildup of positive energy. Should the market stabilize, AVAX is poised to recover robustly, positioning it as one of the 4 best crypto coins for 2025—bolstered by institutional confidence and evident progress in development. 3. Cardano Experiences Major Sell-Off; Future Price Movements Intriguing Cardano (ADA) is trading at $0.555, reflecting a 14% decline amidst recent market corrections. Notably, significant holders sold over 120 million ADA within 48 hours, causing a notable price drop. However, Cardano’s underlying strength goes beyond these short-term movements. Technical analysis indicates an impending “death cross,” where the 50-day moving average could fall below the 200-day average. While this typically suggests a downturn, it also presents a potential pivot point for renewed purchasing activity. Despite the current volatility, ADA maintains a vibrant developer community and continues to enhance its platform. With ongoing projects and a focus on optimizing smart contract functionality and real-world applications, the current lower price could offer a strategic entry point for long-term gains, making Cardano a strong contender among the 4 best crypto coins for 2025. 4. Stellar Positioned for a Potential Upturn Amidst Market Fluctuations Stellar (XLM) is valued at $0.2126 after a recent decline of over 15%. However, a significant technical indicator—the SuperTrend—has recently signaled a possible major trend change, the first since January 2022, hinting at an upcoming reversal. This is particularly significant considering Stellar’s consistent role in facilitating cross-border payments and financial transactions, providing it with practical utility that many other tokens lack. Although Stellar has been relatively subdued, ongoing enhancements to its network could spark renewed interest. If the anticipated trend reversal materializes, XLM might quickly revisit its prior highs. As one of the altcoins with substantial practical applications, Stellar presents a strong case for inclusion in the 4 best crypto coins for 2025, particularly for those focusing on technical signals and undervalued assets. In Conclusion The recent market downturn has weeded out less resilient participants but also forged substantial opportunities for stronger cryptocurrencies. Coins like BlockDAG, Avalanche, Cardano, and Stellar are not merely holding their ground—they are actively advancing, drawing new enthusiasts, and preparing for significant developments in the coming year. For those positioning for early entry into the next growth phase, these four cryptocurrencies stand out. With robust technologies, clear strategic directions, and strengthening fundamentals, they lead the forefront. This positions them well within the 4 best crypto coins for 2025 , making them noteworthy for observers while current valuations remain attractive. Continue Reading: 4 Best Crypto Coins for 2025: BlockDAG, Cardano, AVAX, & Stellar — Holding Strong Growth Potential During Market Lows
Bitcoin’s price may have rebounded briefly due to recent news following US President Donald Trump’s plans of a 90-day pause on all country tariffs except China. However, volatility continues to linger in the market, with BTC’s price stability being questioned as it struggles to break the $83,000 level. Given the heightened volatility hampering BTC, data shows that it is on the verge of making a move that could change its longstanding trend. A Critical Moment For Bitcoin Brewing The ongoing bearish pressure has turned out to be a threat to Bitcoin’s well-known 4-year cycle course. As the broader crypto sector moves further towards a bear market phase, Alphractal notes that BTC’s waning performance hints at a potential of making a historical anomaly. In the X (formerly Twitter) post , the advanced on-chain data platform shared insights on Bitcoin’s 4-year cycle trend using the Bitcoin Price Radar measure, which displays its performance during the period. This key metric is a radar-style chart that calculates Bitcoin Halving regions, price tops, and bottoms using symbols, with one full rotation representing 4 years. Looking at the chart, the tops of previous cycles are indicated by the green symbols, and these symbols appear extremely close to one another since they each happened about 4 years apart. After delving into the metric, Alphractal stated that Bitcoin is very close to violating the fundamental rule, where the flagship asset has never revisited the same price from 4 years ago. Such a development is likely to usher in a new era of unpredictability and uncertainty for BTC in the long term. This longstanding fundamental rule will be broken for the first time if the recent bearish pressure drives BTC’s price to $63,000 or below this level. When this occurs, it can be a signal of heightened volatility, especially for long-term holders who intend to keep their holdings for many years. Even though this has not happened yet, the platform is still not ruling out the possibility that the future top may align with its older “siblings,” which might occur in October 2025. With BTC’s price battling to recover lost ground, watching key metrics like this will help determine its next possible trajectory in the short term. BTC’s Falling Wedge Pattern Still Holding Despite the persistent volatility that has caused a notable pullback for Bitcoin, it has not completely lost its potential to witness an upward move. Market expert and investor Captain Faibik highlighted that the flagship asset continues to trade within a Falling Wedge pattern as fluctuations intensify. Coupled with this is a bullish divergence that has formed in the daily time frame chart, indicating growing momentum. Should BTC recover from its current position, it may retest the major trendline resistance at the $83,500 mark in the short term. However, in a larger view, Captain Faibik anticipates a significant rally toward its current all-time high of $109,000.
Just two months ago, the total value of funds locked (TVL) on HyperLiquid, a decentralized derivatives exchange ( DEX ) that allows traders to generate returns by staking to a shared vault, sat at a record $540 million. Now, users are fleeing, TVL has slumped to $150 million and the yield has dropped to a measly 1%, in many cases, less than they'd get if they stashed their cash in a bank account. At issue is an exploit that saw one user manipulate the price of a token called JELLY and force the vault, known as Hyperliquidity Provider, into a loss. But the negative PNL wasn't the reason for the exodus. Rather it was HyperLiquid's response, which led to concerns about how decentralized the protocol actually was, and whether it was acting exactly like the centralized exchange model it tried to distance itself from. For the manipulation, the user shorted JELLY on HyperLiquid, that is sold tokens they didn't own. They also bought tokens on illiquid decentralized exchanges. The lack of liquidity tricked the pricing oracle to relay an inflated price to HyperLiquid, forcing HyperLiquid's vault to inherit a toxic position via liquidation. As the price of JELLY rose further because of the spot buying pressure, the PNL for HyperLiquid's vault sank more heavily into the red. Eventually, the exchange force closed the JELLY market , settling it at $0.0095 as opposed to the $0.50 that was being fed to oracles via decentralized exchanges. This meant that the negative PNL was wiped away and, on paper, the vault performed well throughout the saga. But the action raised concerns about the control of what's meant to be a decentralized process. At the time, Newfound Research CEO Corey Hoffstein questioned the legality of HyperLiquid's actions and social media descended into outrage. Some believe that the exploit was a mistake on HyperLiquid's part. “The Jelly exploit on Hyperliquid wasn’t a fluke," Jan Philipp Fritsche, managing director at Oak Security, told CoinDesk. "It was a textbook case of unpriced vega risk: when leveraged trading on volatile assets is allowed without properly accounting for how that volatility can drain the risk fund. The attacker opened massive opposing positions in JELLY, knowing that one side would collapse and the other would cash out. "This isn’t theoretical. It happened. And it will happen again. We flagged this exact risk vector in audits before, but economic flaws often get ignored because they’re not technical. That’s a mistake," Fritsche added. In this case, the manipulator ended up with a small loss . It's worth pointing out that HyperLiquid attempted to remedy the centralization concerns, upgrading its system to a include an on-chain validator voting for asset delisting, which means that the exchange will not be able to remove like JELLY in future without validator consensus. Volume remains steady as HYPE tumbles While the vault suffered a major blow in terms of trust and branding, the exchange itself continues to tick along just fine in terms of trading volume. Over $70 billion worth of volume has been notched so far this month and it looks to be on track to break it's January record of $197 billion. Still, the exchange's native token (HYPE), which was distributed to users in December, has failed to mimic the positive performance of the exchange, losing 60% of its value over the past four months with its market cap dwindling from $9.7 billion to $4.6 billion.
Hold onto your hats, crypto enthusiasts! The landscape of blockchain security just witnessed a seismic shift. Babylon (BABY) protocol has officially announced the launch of its mainnet, marking a monumental leap forward for Bitcoin and the wider crypto ecosystem. This isn’t just another mainnet launch; it’s the dawn of a new era where Bitcoin’s robust security is extended to power layer-1 blockchains. Ready to dive into the details of this groundbreaking development? Let’s explore how Babylon is rewriting the rules of blockchain security with its innovative Bitcoin staking protocol. What is Bitcoin Staking and Why Does it Matter? Before we delve into the specifics of Babylon’s achievement, let’s quickly demystify Bitcoin staking . Now, you might be thinking, “Wait, Bitcoin uses Proof-of-Work, not Proof-of-Stake. How can you stake Bitcoin?” That’s a valid point, and traditionally, Bitcoin itself isn’t staked in the same way as Proof-of-Stake cryptocurrencies like Ethereum or Solana. However, innovative protocols are emerging that allow Bitcoin holders to participate in staking mechanisms in different ways, often by leveraging Bitcoin’s security for other blockchain networks. Traditional Proof-of-Stake vs. Bitcoin-Secured Staking: Key Differences Let’s break down the core differences to understand the significance: Proof-of-Stake (PoS): Networks like Ethereum, Cardano, and others use PoS. Validators stake the native cryptocurrency of the network (ETH, ADA, SOL, etc.) to secure the blockchain. Security is derived from the value of the staked native tokens and the network’s economic incentives. Bitcoin-Secured Staking (as pioneered by Babylon): Utilizes Bitcoin, the most decentralized and secure cryptocurrency, to secure other blockchains. Bitcoin holders can stake their BTC to contribute to the security of a layer-1 blockchain like Babylon. Security is anchored to Bitcoin’s massive network effect, hash rate, and proven resilience. Why is this a big deal? Bitcoin’s security is unparalleled. It’s the oldest, largest, and most battle-tested cryptocurrency network. By leveraging Bitcoin security for layer-1 blockchains, projects like Babylon are aiming to: Enhance Security: Inherit Bitcoin’s robust security, making the layer-1 blockchain significantly more resistant to attacks. Boost Decentralization: Tap into Bitcoin’s vast and decentralized network of holders. Foster Innovation: Unlock new possibilities for cross-chain interoperability and DeFi applications secured by Bitcoin. Essentially, Babylon’s approach is like anchoring a new building to the bedrock of a mountain – that mountain being the Bitcoin network. Babylon Protocol: Pioneering Bitcoin-Secured Layer-1 Blockchains So, who is Babylon, and what exactly have they launched? Babylon Protocol is a project dedicated to bringing Bitcoin security to the broader blockchain ecosystem. Their mission is to build infrastructure that allows Bitcoin to secure not just its own network but also other blockchains, starting with layer-1 solutions. The core innovation behind Babylon lies in its secure and non-custodial Bitcoin staking mechanism. Unlike traditional staking where you might lock up your tokens in a smart contract managed by the network, Babylon’s approach aims to allow Bitcoin holders to stake their BTC without relinquishing control of their private keys. This is a crucial aspect for Bitcoin purists who prioritize self-custody and security. Key Features of Babylon’s Bitcoin Staking Protocol: Non-Custodial Staking: Users retain control of their Bitcoin throughout the staking process. Bitcoin Security: Leverages Bitcoin’s consensus mechanism to secure the Babylon chain. Layer-1 Focus: Designed specifically to enhance the security of layer-1 blockchains. Scalability and Efficiency: Built for performance and scalability to support a growing ecosystem. Interoperability: Aims to bridge Bitcoin’s security with other blockchain networks. By launching their Babylon mainnet , they’ve essentially created the first functioning layer-1 blockchain that is inherently secured by Bitcoin. This is not just theoretical; it’s a live, operational network ready to be explored and built upon. Why is the Babylon Mainnet Launch a Game Changer for Crypto Innovation? The launch of the Babylon mainnet isn’t just another tick on the crypto roadmap; it’s a potential paradigm shift in how blockchains are secured and how Bitcoin is utilized. Let’s unpack why this is such a significant moment for crypto innovation : Unlocking Bitcoin’s Untapped Potential: Bitcoin, despite its dominance, has primarily served as a store of value and a medium of exchange. Babylon unlocks a new utility for Bitcoin, allowing it to actively contribute to the security of other networks and participate in the broader DeFi ecosystem in a secure manner. Elevating Layer-1 Security Standards: For new and emerging layer-1 blockchains, bootstrapping security can be a major hurdle. Babylon offers a powerful solution by allowing them to inherit the gold standard of Bitcoin security right from the outset. This could significantly lower the barrier to entry for innovative blockchain projects. Strengthening the Entire Crypto Ecosystem: A more secure and interconnected blockchain ecosystem benefits everyone. Babylon’s approach fosters greater trust and resilience across different networks, paving the way for more robust and reliable decentralized applications. Driving DeFi Evolution: Imagine DeFi protocols built on layer-1 blockchains secured by Bitcoin. This could attract a new wave of institutional and retail investors who are seeking the security of Bitcoin within the dynamic world of decentralized finance. Promoting Bitcoin Adoption: By providing a new avenue for Bitcoin holders to earn yield and participate in network security without compromising self-custody, Babylon could incentivize greater Bitcoin adoption and engagement. In essence, Babylon is not just building a blockchain; they are building a bridge – a bridge that connects the unparalleled security of Bitcoin to the vast potential of the layer-1 landscape, fostering unprecedented crypto innovation . Benefits of a Bitcoin-Secured Layer-1 Blockchain Like Babylon What are the tangible advantages of a layer-1 blockchain secured by Bitcoin, like the newly launched Babylon mainnet ? Let’s explore the key benefits: Superior Security: Inherits the robust and time-tested security of the Bitcoin network, offering a significantly higher level of protection against attacks compared to blockchains relying solely on native token staking. Increased Decentralization: Leverages Bitcoin’s vast and decentralized holder base, distributing security responsibilities and reducing reliance on a smaller validator set. Enhanced Trust and Transparency: Bitcoin’s security model is well-understood and transparent. Building upon it instills greater confidence in the layer-1 blockchain and its applications. Reduced Security Bootstrapping Challenges: New layer-1 blockchains can bypass the complex and often risky process of building their own security from scratch by tapping into Bitcoin’s established infrastructure. Attracting Bitcoin Holders to DeFi: Provides Bitcoin holders with a secure and familiar way to participate in staking and potentially earn yield within the DeFi ecosystem, without needing to bridge to entirely different networks or asset classes. Fostering Cross-Chain Innovation: Opens up new avenues for cross-chain applications and interoperability, securely connecting Bitcoin with other blockchain networks. For developers, projects, and users seeking a secure and reliable foundation for their decentralized endeavors, a Bitcoin-secured layer-1 blockchain presents a compelling proposition. Are There Challenges to Consider with Bitcoin Staking and Babylon? While the concept of Bitcoin staking and Babylon’s mainnet launch is undeniably exciting, it’s crucial to approach it with a balanced perspective. Are there any potential challenges or considerations to keep in mind? Complexity of Implementation: Building a secure and non-custodial Bitcoin staking mechanism is technically complex. Ensuring robustness and preventing vulnerabilities requires rigorous development and auditing. Adoption and Network Effects: The success of Babylon’s mainnet hinges on adoption. Attracting developers, projects, and Bitcoin stakers to the ecosystem will be critical for its long-term viability. Regulatory Landscape: The regulatory landscape surrounding crypto staking and Bitcoin-related protocols is still evolving. Clarity and favorable regulations will be important for the widespread adoption of Bitcoin staking solutions. Potential Risks of Staking Protocols: Like any staking mechanism, there could be potential risks associated with the specific design and implementation of Babylon’s protocol. Users should always conduct thorough research and understand the risks involved before participating. Dependence on Bitcoin Network: While leveraging Bitcoin’s security is a strength, it also creates a degree of dependence on the Bitcoin network’s continued stability and functionality. Despite these potential challenges, the potential benefits of Bitcoin staking and Bitcoin-secured layer-1 blockchains are substantial. As the technology matures and adoption grows, many of these challenges can be addressed and mitigated. Actionable Insights: What Does Babylon’s Mainnet Mean for You? So, what should you take away from the Babylon mainnet launch? Here are some actionable insights for different stakeholders: Bitcoin Holders: Explore the possibility of staking your Bitcoin on Babylon’s mainnet (once available) to potentially earn yield while contributing to network security, all without relinquishing control of your keys. Keep an eye on official Babylon announcements for staking opportunities and details. Developers: Consider building your decentralized applications on the Babylon layer-1 blockchain to leverage its enhanced Bitcoin security and tap into a potentially growing ecosystem. Explore Babylon’s developer documentation and community resources. Layer-1 Projects: Evaluate the potential of integrating with Babylon’s protocol to enhance your blockchain’s security by leveraging Bitcoin staking. This could be a compelling value proposition for attracting users and investors. Crypto Enthusiasts: Stay informed about the progress of Babylon and the broader Bitcoin staking landscape. This is a significant development in crypto innovation with the potential to reshape the future of blockchain security and interoperability. Investors: Research Babylon Protocol and the potential of Bitcoin-secured layer-1 blockchains. This could represent a new frontier in crypto infrastructure and investment opportunities. Conclusion: A Bold Step Towards a More Secure Crypto Future Babylon’s revolutionary mainnet launch is more than just a protocol upgrade; it’s a bold statement about the future of blockchain security. By successfully launching the first layer-1 blockchain secured by Bitcoin, Babylon has opened up a new chapter in crypto innovation . This development has the potential to significantly enhance the security, decentralization, and interoperability of the blockchain ecosystem, unlocking new possibilities for DeFi, cross-chain applications, and the broader adoption of cryptocurrencies. While challenges and further development are inevitable, the foundation laid by Babylon is undeniably groundbreaking. The world of blockchain security is evolving, and Bitcoin, the king of crypto, is now poised to play an even more integral role in securing the decentralized future. Keep watching this space – the Babylon mainnet is just the beginning of an exciting journey. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
On April 11th, COINOTAG News reported that Neptune Digital Assets Corp, a publicly traded entity in Canada, has successfully augmented its Bitcoin reserves to a total of 401 coins. This
Solana has staged an impressive comeback, rallying over 25% from its recent low of $95 earlier this week. The sharp move followed a major shift in macroeconomic sentiment after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which was hit with a 125% tariff. The temporary relief sparked a renewed wave of optimism in financial markets, helping risk-on assets like Solana regain strength after weeks of heavy selling pressure. Related Reading: XRP Network Activity Hits All-Time High Despite Market Volatility – Bullish Signal? Top analyst Bluntz weighed in on the rally, sharing on X that the recent bounce could be more than just a short-term reaction. He noted that Solana’s latest downtrend lasted nearly three months—a duration he believes could mirror the length of the current recovery phase. If his analysis plays out, SOL may be entering a sustained period of upward momentum. Despite broader market uncertainty and continued global tensions, Solana’s sharp rebound is offering bulls some relief and potentially setting the stage for a longer-term rally. Traders are now closely watching key resistance levels and overall market sentiment to determine whether this bounce will evolve into a lasting trend shift. Solana Eyes Recovery After Deep Correction Solana has finally seen a burst of buying activity after enduring nearly three months of relentless selling pressure. Since reaching its all-time high in January, SOL has lost more than 60% of its value, with bulls losing momentum the moment prices slipped below the $180 level. The correction was deep, sharp, and reflective of broader weakness in crypto and traditional markets as macroeconomic tensions escalated. President Trump’s continued push for tariffs has added significant stress to global markets, dampening risk appetite and weighing heavily on altcoins like Solana. The environment has been far from friendly for speculative assets, but the recent bounce suggests that sentiment may be shifting. Bluntz’s insights on X note that Solana’s previous downward leg lasted nearly three months—a timeline he believes the current recovery could mirror. According to his analysis, this bounce could impact prices by as much as 75% in the near term, with a potential target around the $200 level. While it’s too early to confirm a full trend reversal, this optimistic outlook offers some hope to investors holding through the drawdown. For now, Solana must reclaim key resistance levels and sustain momentum above $120 to validate a broader recovery phase. The next few weeks will be critical as volatility continues to dominate and global tensions remain. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling? Bulls Must Hold $110 And Reclaim $130 to Confirm Recovery Solana is currently trading at $114 after briefly dropping below the critical $100 support level earlier this week. The recent bounce has given bulls a fighting chance, but price action remains fragile. For Solana to confirm a recovery rally, bulls need to reclaim the 4-hour 200-day Moving Average (MA) and Exponential Moving Average (EMA), both of which sit around the $130 level. Holding above the $110 support zone is key. If SOL manages to maintain strength at current levels and successfully pushes above $130, it could open the door for a massive upside move. A breakout above the 4-hour MAs would likely trigger fresh momentum and renewed buying pressure, potentially sending Solana back into the $150–$180 range. Related Reading: XRP Breaks Out Of Head-And-Shoulders Pattern — Eyes Move Toward $1.30 However, the bullish outlook hinges entirely on reclaiming these technical levels. Failing to do so could lead to renewed consolidation in the $100–$115 range or even spark another sell-off. If Solana falls back below $110 and retests the $100 mark, it could invite further downside and shake investor confidence again. The coming days will be pivotal as bulls try to shift momentum and stabilize the recent recovery. Featured image from Dall-E, chart from TradingView
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. At Keynote 3, BlockDAG announces 10,000 miner shipments and a $212.5m presale, contrasting sharply with Kaspa and Aptos’ Q2 2025 decline. Explore why BlockDAG’s Proof-of-Work strategy stands apart. Table of Contents Kaspa: Market capitalization and recent growth Aptos: Market capitalization and recent growth BlockDAG raises the bar: 10,000 miners shipping, scaling PoW with real power Hardware talks, hype walks Proof-of-work is far from obsolete; it’s evolving. Despite recent downturns in price and market cap for projects like Kaspa and Aptos, BlockDAG is embracing PoW with renewed energy and a unique, hardware-centric approach. During its Keynote 3 event, the team revealed the shipment of 10,000 mining units, underlining a strong commitment to pushing PoW beyond its traditional limitations. Supported by a massive $212.5 million raised during its presale and an impressive 2,380% ROI since batch one, BlockDAG is focused on tangible growth rather than market hype. This strategic investment in infrastructure highlights its long-term vision and resilience, setting it apart from trend-driven crypto ventures. Kaspa: Market capitalization and recent growth Kaspa ( KAS ) is trading at roughly $0.0668, with a market capitalization of approximately $1.73 billion and a circulating supply of about 25.97 billion coins. Over the past three months, Kaspa has faced a substantial downturn. On January 4, 2025, the coin was priced at around $0.127978, meaning it has dropped by around 47.8% since then. This price decline has been mirrored by a significant drop in market cap, which fell from approximately $3.33 billion in early January to its current level, representing a 48% reduction. The consistent downward trajectory in both price and valuation reflects a tough quarter for Kaspa, raising concerns among investors and market watchers alike. The sharp decline underscores broader volatility within the crypto market and suggests Kaspa may need to regain momentum to restore investor confidence and rebuild its position. For now, it remains in a corrective phase, navigating through a challenging stretch. Aptos: Market capitalization and recent growth Aptos ( APT ) is trading at roughly $5.06, with a market capitalization of around $3.05 billion and a circulating supply of approximately 604.53 million coins. Over the past three months, Aptos has experienced a significant drop in value. Back on January 4, 2025, the token was priced at about $10.62, meaning its value has declined by nearly 52.3%. This decline in price has been mirrored by a substantial decrease in market cap, which has fallen from roughly $6.42 billion to its current level, representing a drop of approximately 52.5%. The parallel decreases in both price and valuation emphasize a challenging quarter for Aptos, marked by market uncertainty and investor caution. This steep decline reflects broader instability in the crypto space and underlines the pressure on projects like Aptos to adapt and rebuild momentum. For now, the project appears to be in a corrective phase, navigating a tough market environment amid shifting investor sentiment. You might also like: It’s happening fast: BlockDAG attracts crypto whales from Ethereum, XRP with viral keynote 3 BlockDAG raises the bar: 10,000 miners shipping, scaling PoW with real power BlockDAG is not just talking about Proof-of-Work, it’s delivering. At Keynote 3, the team announced that 10,000 miners are officially shipping in 2025, marking one of the boldest PoW infrastructure pushes since Bitcoin’s inception. However, where Bitcoin lags in scalability and speed, BlockDAG is taking PoW to the next level with modern, high-throughput hardware and a directed acyclic graph structure designed for parallel processing. In fact, this isn’t theory, it’s execution. BlockDAG’s presale has already raised a staggering $212.5 million, making it one of the most talked-about fundraising events in recent memory. Over 19 billion coins have been sold across 27 presale batches, with the current batch price sitting at $0.0248. Notably, early supporters who bought in during batch 1 have seen an eye-widening return of 2,380%, a rare feat in any sector, let alone crypto. Moreover, BlockDAG’s hardware rollout is more than a flex, it’s a direct challenge to the limitations of traditional PoW chains. While Bitcoin continues to rely on outdated consensus mechanics and bloated energy demands, BlockDAG’s structure handles high transaction throughput with reduced confirmation times, all while remaining decentralized and secure. Ultimately, this is PoW reimagined for speed, scale, and real-world usability. With miner shipments underway and millions in funding backing the project, BlockDAG isn’t just promising change, it’s building it, one ASIC at a time. Hardware talks, hype walks Kaspa and Aptos have faced a tough quarter, with market caps nearly halved and prices slipping significantly. While both still hold relevance, their recent performance reflects the uncertainty surrounding projects that rely heavily on speculation without substantial infrastructure moves. In contrast, BlockDAG is taking a different route, one that involves real hardware, measurable ROI, and a plan to scale Proof-of-Work without compromising speed or decentralization. As 10,000 miners begin shipping and presale momentum continues, BlockDAG is showing what it looks like when a project prioritizes execution over talk. In a space driven by narratives, it’s action that defines longevity. To learn more about BlockDAG, visit the presale , website, Telegram, and Discord. Read more: Why BlockDAG’s final testnet is a sign of big things to come while SUI battles dips, Stellar bulls eye $0.86 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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