Avalanche ETF Hopes Rise, XRP Supply Issues—BDAG Sees $5M Boost

Keynote 3 Pays Off: BlockDAG Raises $5M in 48 Hours! AVAX Targets $30 ETF Surge While XRP Holders Face Price Dip

Avalanche is maintaining its position at $20 amidst market fluctuations, bolstered by the Nasdaq’s application to list a spot AVAX ETF, which could significantly alter its course. The filing suggests growing institutional attention, and approval by the SEC could potentially lead to a surge towards $30.

The technical analysis for AVAX shows potential for recovery if the price stays above $19.74, although broader economic pressures persist. Conversely, XRP faces decreasing prices despite positive legal developments. A 7% decline, dwindling demand, and an increasing total supply—now at 58 billion—have negatively impacted market sentiment. Should the price drop below $1.96, it might swiftly fall to $1.35.

BlockDAG (BDAG) distinguishes itself by collecting $5 million in just two days following its third Keynote, bringing its total funds raised to over $210 million. However, it's the project’s achievements that truly stand out. The Beta Testnet of BlockDAG is operational, handling over 1.2 million transactions and includes features such as smart contracts, token creation tools, and integrated DeFi options. Unlike others, BlockDAG’s services like staking, lending, and governance will be available upon its mainnet release.

Will AVAX Climb to $30 with ETF Interest from Nasdaq?

Avalanche (AVAX) remains steady at the $20 support level despite a recent 8% decline, amid a volatile crypto market. A significant development is on the horizon: Nasdaq’s filing for Canary Capital’s AVAX spot ETF, pending SEC approval.

This development is an indicator of increasing institutional interest in Avalanche. An ETF approval could trigger large-scale capital influx, similar to the effects seen with Bitcoin and Ethereum when they gained ETF-related momentum.

Technically, AVAX is testing its 50-day SMA at $19.74. Maintaining this level could push a rally towards $23, and possibly $30. A failure to hold could result in a price drop to $18 before a possible rebound.

XRP Faces a Potential Fall to $1.35 as Supply Expands and Demand Weakens

XRP displays vulnerability despite optimistic legal news, as the SEC has ended its appeal against Ripple. The token’s price fell by 7% on Friday, struggling to stay above the $2.00 mark with low demand and increasing supply exerting pressure.

On-chain data shows subdued activity, with a decrease in significant transactions and steady exchange reserves. Moreover, Ripple’s ongoing monthly escrow releases have expanded the circulating supply from 54 billion to 58 billion XRP in just a year, intensifying concerns.

If XRP breaks the $1.96 support, it could validate a Head and Shoulders pattern, potentially leading to a sharp decline to $1.35. Futures liquidations totaling nearly $25 million further underscore the current market pressures.

BlockDAG's Rapid Growth — $5M Raised in 48 Hours Propels Progress

BlockDAG's third Keynote showcased its capacity for rapid advancement, not just market speculation. In a mere 48 hours, it raised over $5 million, pushing its presale total beyond $210 million, reflecting a strong backing for its future. The enthusiasm around Batch 27's price of $0.0248 suggests a confident march toward a $1 target.

What's behind this surge? Actual results. The Beta Testnet is up and running, handling more than 1.2 million transactions. It features dApp tools, a token creation wizard, and a sophisticated explorer—all operational now. The project’s direction is well-defined.

CEO Antony Turner highlighted the effort: "What you are witnessing today is the culmination of months of work towards enhancing decentralization, security, and scalability."

The network is set for launch with fully integrated DeFi, staking, lending, bridges, and governance tools, offering immediate utility to BDAG. Plus, with plans for listing on over 10 platforms, a spike in demand is imminent.

Turner emphasized, "We represent more than just a project; we are at the forefront of a new decentralized era."

With a current price of $0.0248, the potential to reach $1 is compelling, and the opportunity for early entry is narrowing.

Key Cryptos Shaping 2025

Avalanche stands to gain significantly from ETF approval, though it's an ongoing process. Its technical analysis indicates potential for a rally, but it's contingent on formal endorsements from regulatory bodies. Meanwhile, XRP, despite legal victories, is now grappling with increased supply issues and stagnant demand. Even with positive legal outcomes, the market response has been lukewarm, which speaks volumes.

Conversely, BlockDAG is charting its growth based on tangible achievements. The roadmap revealed at Keynote 3 includes a fully functional testnet, impending DeFi tools with the mainnet launch, and confirmed listings on over 10 exchanges. BlockDAG isn't merely catching up; it's pioneering with its hybrid DAG + PoW architecture, ensuring speed, security, and decentralization from the outset.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord:https://discord.gg/Q7BxghMVyu