Not all victories in the crypto sector lead to notable market impacts. Despite Ripple’s settlement with the SEC, XRP hasn’t risen above $2.50, and Solana’s recent advance past a key resistance level still relies on continued momentum. These instances show that both external achievements and technical indicators do not guarantees sustained market growth. On the other hand, BlockDAG (BDAG) is solidifying its progress through tangible user engagement.
BlockDAG’s initial Testnet aims to attract over 100 active wallets within its first month, setting a realistic goal for user involvement in a scalable blockchain network. With over 19 billion coins sold, $210.5 million generated, and a return on initial coin offering (ROI) of 2,380% since its first batch, BlockDAG demonstrates a growing trust in its real-world application rather than mere market speculation.
Ripple’s Court Settlement Doesn’t Boost XRP
Ripple Labs has concluded its legal battle with the U.S. Securities and Exchange Commission (SEC), resulting in a $50 million fine. Despite this resolution, XRP’s price remains below the $2.50 mark, lacking strong upward momentum. Technical charts show a continuing bearish trend on the 3-day chart, implying little chance for significant price increases soon. XRP is currently fluctuating between support levels of $2.24 to $2.30 and $1.95 to $2.05, facing immediate resistance at $2.56.
As a result, market watchers are keeping an eye on these figures to predict potential major moves. While the legal resolution is favorable for Ripple, it does not necessarily equate to immediate financial gains in XRP’s market value, illustrating the intricate factors that affect crypto prices, where legal wins don’t directly lead to market advances.
Solana’s Price Movement Hints at Future Potential
Solana (SOL) has successfully moved past critical resistance barriers, sparking conversations about its potential market trajectory. Currently trading around $139.72 with a modest 0.96% increase in the last day, analysts note a bullish reversal pattern supported by the $120–$130 support range.
Should the positive trend continue, SOL might challenge the next major resistance at $160. Conversely, if it fails to stay above $137, prices might drop back to earlier support levels. Additionally, Solana’s Total Value Locked (TVL) has climbed to $6.85 billion, indicating increased interest in its capabilities.
Moreover, growing institutional attention, marked by new futures and ETFs, alongside discussions on possible spot ETF approvals, suggests strong backing. Despite facing new competitors and rising operational costs, Solana’s attractive staking options and significant holdings by large-scale holders lay a solid foundation for further expansion.
BlockDAG Targets Significant User Engagement in Initial Test Phase
BlockDAG is emphasizing the importance of wallet creation within its Beta Testnet goals, aiming for over 100 active wallets within the initial 30 days. This focus goes beyond mere number chasing; it gauges the pace at which participants adopt the network, utilize its features, and start engaging in activities such as mining, transactions, and smart contract testing.
This early participation is crucial to achieving broader testnet goals like ensuring network stability, enhancing user experience, and testing scalability in practical scenarios. With features like MetaMask compatibility, BlockDAG makes it easier for both newcomers and experienced users to get involved.
The drive behind these efforts is evident in BlockDAG’s presale outcomes—having raised $210.5 million, advanced to batch 27 with a current price of $0.0248 per coin, and sold over 19 billion coins. Those who got in early have realized a return of 2,380% since the first batch, underscoring solid confidence in the project’s core principles.
Moreover, the growth in wallet numbers is linked to incentive mechanisms. Participants in the testnet can earn real BDAG coins, with rewards designated for the top 10 wallets based on transaction volume and balance, promoting active rather than passive participation.
In essence, reaching this 100-wallet target isn’t just a milestone; it lays the groundwork for a scalable, open, and actively engaging network.
Real Engagement Over Short-Term Excitement
While legal triumphs and market rallies often capture the limelight, lasting influence is rooted in genuine user engagement. Both XRP’s stagnant price and Solana’s tentative advance showcase the disconnect between sensational news and actual network activity.
Conversely, BlockDAG centers its strategy on tangible achievements—namely, wallet creation and active user involvement. Its objective of surpassing 100 active wallets in the first month of the Beta Testnet reflects genuine engagement, not just theoretical success. Supported by substantial crypto presale funding of $210.5 million, the sale of 19 billion coins, and a remarkable 2,380% ROI from the initial batch, BlockDAG prioritizes growth driven by real-world user activity over mere market speculation.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu