The cryptocurrency market is experiencing a broad downturn, with sentiment in "Extreme Fear" dragging down numerous assets. Hyperliquid (HYPE) has seen its price drop to $27.8, with a 72% surge in trading volume indicating aggressive selling by large holders. The project has launched a $29 million lobbying arm to navigate U.S. regulatory risks. Meanwhile, Zcash (ZEC) has shed over 6% in 24 hours, trading around $245 and extending a long correction from its $746 peak. It faces technical weakness and growing competition from privacy-focused developments on Cardano and Ethereum.
In stark contrast, the presale for BlockDAG (BDAG) is entering its final 24-hour window. The project is offering coins at a direct sale price of $0.00125, with a confirmed launch price of $0.05 set for when trading begins on March 4. This represents a built-in 40x return for presale participants. The project reports having raised $452 million in its presale. Coins will be airdropped to buyers on March 3, with no vesting schedules or lockup periods, granting full ownership from day one. The project's Mainnet is already live and its Token Generation Event is complete.
Other established coins like XRP and Dogecoin (DOGE) are mentioned as facing their own challenges. XRP, trading between $1.4 and $1.5, contends with regulatory scrutiny, while Dogecoin, in the $0.09 to $0.11 range, relies on community sentiment amid limited development activity. The news frames BlockDAG's closing presale window as a unique, time-sensitive opportunity against a fearful market backdrop.
