What happens when one digital asset struggles to progress and another quietly unveils a potentially transformative network? Stellar’s (XLM) price analysis suggests a potential rise to $0.86, though global events and technical resistance could pose challenges. Meanwhile, SUI’s pricing seems uncertain as a significant token release coincides with fluctuating technical indicators, keeping its price under $2.50. Amidst these fluctuations, BlockDAG (BDAG) introduces its final beta testnet—a notable advance not seen in their early phases by other networks.
This launch moves beyond theory into actual implementation. The testnet, compatible with Ethereum’s smart contracts, achieves over 2,000 transactions per second and includes tools for streamlined deployment without coding. This positions BlockDAG among the leading projects in the crypto space by offering a robust platform ready for real-world application. For early adopters of BDAG, this is already a reality, not just potential.
BlockDAG Testnet Now Live: A Genuine Ethereum Alternative?
BlockDAG has recently activated its beta testnet, presenting a functional environment for developers. This testnet, compatible with the Ethereum Virtual Machine (EVM) and utilizing a Directed Acyclic Graph (DAG) for its structure, provides a fast, scalable, and secure setup. Offering speeds that surpass 2,000 transactions per second and capabilities for immediate smart contract implementation, BlockDAG is demonstrating its effectiveness.
Featuring tools like an integrated development environment, a drag-and-drop application builder, and a custom token creator, it caters to developers seeking alternatives to Ethereum’s constraints.
Developers familiar with Ethereum’s limitations now have access to a smoother, quicker alternative that doesn’t suffer from excessive fees or delayed confirmations. Solidity programmers can develop, test, and scale applications in real-time on this beta platform. This foundational technology places BlockDAG among the prominent conversations in cryptocurrency, with just the beginning of its journey unfolding.
In terms of value, those holding BDAG are engaged with a thriving, developer-focused ecosystem. As developers continue to migrate, develop applications, and attract users, BDAG’s role as the central resource grows. This usage underscores the cryptocurrency’s long-term viability. Currently, in its 27th batch, BDAG’s price at $0.0248 reflects a significant increase, demonstrating strong market confidence and potential among leading digital assets.
Will Stellar (XLM) Reach New Heights Amid Market Fluctuations?
The price of Stellar (XLM) shows promising growth, currently trading at $0.27 with a recent increase of over 3%. Market watchers are monitoring crucial price levels after a significant rebound in the Relative Strength Index (RSI) from the oversold region. With price targets set at $0.43, $0.60, and up to $0.86, the momentum appears to be on the rise. However, forthcoming U.S. economic reports and changes in trade policies could introduce volatility in the short term.
Technical analysis indicates that XLM is challenging the inner trendline of a C-fork pattern within a vital support area. Experts are also observing a potential surge from a descending wedge pattern, underpinned by significant Fibonacci retracement levels. The analysis suggests that a breakout could occur if there is sufficient market strength to overcome resistance levels. Until such a breakout, the price range of $0.25 to $0.27 offers a good buying opportunity.
SUI Faces Challenges as Market Awaits Token Release Outcome
SUI’s price is attempting to recover, but a stubborn resistance at $2.50 continues to cap gains. Despite a notable RSI recovery from 29 to nearly 59, buying enthusiasm remains subdued as indicated by the RSI’s struggle to surpass the 60 threshold. This week’s release of $147 million worth of tokens may further dampen upward movement.
The technical outlook offers mixed signals. SUI is nearing the edge of the Ichimoku Cloud, with potential signs of a golden cross emerging between the Exponential Moving Averages (EMAs). However, the persistently flat and bearish cloud suggests that without increased trading volume, a significant price breakthrough might be delayed. The analysis for SUI indicates that overcoming the $2.50 mark is crucial for reaching higher levels such as $2.83. Failure to break higher could quickly lead to lower support levels at $2.23, $2.11, and $1.96 being tested.
Final Say
The analysis of Stellar (XLM) highlights growing momentum, yet a definitive move above $0.43 is needed to confirm an upward trend. Conversely, SUI’s price analysis reveals ongoing struggles with key resistance levels and potential downward pressure from a significant token release. Both networks remain under scrutiny as they navigate current market conditions.
In the meantime, BlockDAG has initiated a significant step forward with the activation of its beta testnet, which is now fully operational. It supports Ethereum Virtual Machine (EVM) capabilities, boasts over 2,000 transactions per second, and facilitates actual smart contract execution.
Among leading crypto projects, BlockDAG stands out by providing a functional ecosystem even before its official listing. Early participants in BDAG are now part of a live and scalable network, poised for growth as adoption increases, highlighting its practical utility and potential for sustained value.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
