The cryptocurrency market is witnessing significant momentum as Ethereum (ETH) approaches its 2021 all-time high of $4,865, currently trading above $4,750. Polymarket bettors assign a 64% chance of ETH reaching $5,000 before the end of August, with technical indicators showing support around $4,723 and resistance near $4,893. Institutional demand is a key driver, with BitMine Technologies acquiring 1.2 million ETH and BlackRock's ETHA ETF seeing record inflows. Analysts project longer-term targets of $7,500 to $15,000 by year-end.
Cardano (ADA) has broken through the $0.90 resistance after five months of consolidation, surging 33% in a week and 12% in a single day. This rally aligns with Grayscale's filing for a spot Cardano ETF and is fueled by whale accumulation exceeding 200 million ADA. Transactions above $100,000 surged from 86 to over 1,000 in one week, coupled with exchange outflows indicating strong holding sentiment. Cardano's DeFi activity also rose 32%, with analysts highlighting $1.34 as the next key resistance level, potentially leading to a run toward $3.
BlockDAG (BDAG) has raised over $380 million in its presale, with the current price at $0.0276 in Batch 29 and an expected launch price of $0.05. The project distinguishes itself through gamified presale engagement, including 'Buyer Battles' where the largest daily buyer earns unsold allocations. Its X1 miner app has been adopted by 2.5 million users globally, utilizing Proof-of-Engagement for smartphone mining. BlockDAG has secured listings on MEXC, BitMart, and LBank, with ongoing talks with Coinbase and Gemini, positioning it for potential liquidity-driven growth post-launch.