The latest Dogecoin (DOGE) ETF news is sparking chatter as Bitwise’s filing with the SEC hints at big potential, even as traders brace for volatility.
Meanwhile, the Cardano network is making waves with ADA approaching a key resistance level, possibly setting the stage for a major price surge.
But the real excitement centers around the BlockDAG (BDAG) X1 App, widely regarded as the best crypto miner app, which now has over 500,000 users mining BDAG coins daily. When paired with the X10 miner, it boosts BDAG production by 10 times.
BlockDAG has become a huge hit in the crypto world, with over $185 million raised in its presale and the predicted $1 price well within reach. As demand for the coins grows, mining BDAG now lets miners secure high profits later.
Dogecoin ETF Filing & Profit-Taking Shape Market Trends
The recent filing of a Dogecoin (DOGE) ETF by asset management firm Bitwise with the US Securities and Exchange Commission has sparked widespread discussion among cryptocurrency traders.
While Dogecoin’s price dipped 5% to $0.35 amid a profit-taking phase, bullish traders have rallied around the $0.33 support level, deploying $55 million in leveraged positions to prevent further declines.
Despite the sell-the-news cycle following multiple positive developments, including the ETF proposal, analysts note that oversold conditions and narrowing Bollinger Bands signal the potential for a price rebound. The Dogecoin (DOGE) ETF could attract significant institutional interest, bolstering long-term market activity.
Analyst Predicts ADA Surge as Cardano Network Activity Climbs
The Cardano network is gaining attention as its native token, ADA, nears a crucial resistance level, potentially paving the way for a 50% price surge to $1.5. Analyst Ali Martinez has suggested that once ADA surpasses the $1.10 mark, this upward trajectory could materialise.
Despite an 8.7% correction last week, ADA has shown resilience, with over 11% growth in the past month. Meanwhile, Cardano network activity remains strong, exceeding 50,000 daily active addresses.
Recent developments, such as the Plomin hard fork, enhance on-chain governance and smart contract capabilities, showcasing the network’s continued evolution and technical improvements.
