In the current crypto market scenario, three notable players are in the spotlight, but only one is experiencing a meteoric rise. Ethereum is grappling to maintain the $2,000 mark amid growing bearish forces, and Hedera is seeing a downturn in interest, hitting a yearly low. On the flip side, BlockDAG (BDAG) is on an upward trajectory, breaking presale records with over $205 million accumulated and 18.8 billion coins sold. Cementing a strategic partnership with SpaceDev, BlockDAG is transcending its status as a mere Layer 1 blockchain by aiming for widespread use, backed by a $30 million grants program and plans for listings on 10 top exchanges. While Ethereum and Hedera are bogged down by negative trends, BlockDAG’s focus on scalability and drawing institutional interest positions it as the cryptocurrency to keep an eye on in 2025. The pressing question now is: will you catch BDAG before its value soars? BlockDAG and SpaceDev Join Forces to Elevate Blockchain Technology BlockDAG, a pioneering Layer 1 blockchain, has allied with SpaceDev , experts in blockchain consulting and software development, to boost the adoption of decentralized solutions. This partnership marries BlockDAG’s cutting-edge Proof-of-Work and Directed Acyclic Graph technology with SpaceDev’s extensive blockchain development know-how, promising a more scalable, secure, and efficient blockchain environment. BlockDAG’s CEO, Antony Turner, highlights the partnership’s importance, saying, “SpaceDev’s technical expertise is a perfect match for our vision to develop a robust blockchain that surpasses traditional network limitations.” The collaboration is set to expand BlockDAG’s community through worldwide hackathons, ambassador programs, and events. SpaceDev will also lend technical assistance to BlockDAG’s $30 million grants program, which supports developers in creating and expanding projects on the network. Furthermore, joint marketing initiatives will boost visibility. With BlockDAG’s presale now exceeding $205 million and 18.8 billion coins sold at $0.0248 each in the latest batch, confidence among buyers is strengthening. The project’s swift progress, the anticipation of listings on 10 exchanges, and a beta test net launch in March 2025 are pivotal for its projected growth spurt. This strategic partnership with SpaceDev solidifies BlockDAG’s position, preparing it to emerge as a leader in blockchain innovation as it transitions to mainnet. Is Ethereum on the Brink of Breaking Below $2,000? Ethereum has tumbled 13% over the past week, now at a new low of $1,997 since December 2023. The crypto faces ongoing selling pressure, with the possibility of dipping beneath the pivotal $2,000 mark. Positioned below the Ichimoku Cloud, resistance levels at $2,346 and $2,742 hint at potential further declines. Now, 50% of Ethereum holders are seeing losses, reduced from 82% in January, which might trigger more selling. Should the downward trend intensify, Ethereum could fall to $1,924. Conversely, a shift in sentiment might lift its price to $2,224, and possibly to $2,500 if it establishes new support. Market watchers should keep an eye on Ethereum’s next moves as its stability is tested. Hedera Struggles to Maintain $0.25 as Interest Wanes—What Lies Ahead? In the last week, Hedera has seen a 17% decrease, now priced at $0.21. With open interest plummeting to a yearly low of $149 million, confidence seems to be waning, pointing to potential further losses unless there’s a resurgence of buying. Currently, Hedera is back in a downward trending channel, a bearish sign that has dominated its movements from January through March. The Parabolic SAR indicates continued bearish momentum, with Hedera below essential resistance levels. A further drop to $0.16 could occur if demand stays low. However, a resurgence in buying could push prices up to $0.24. Traders should look for signs of momentum shifts as they navigate Hedera’s volatile market landscape. Crypto Momentum: Who’s Up and Who’s Down? The divide between a faltering coin and a thriving one is defined by its momentum. Ethereum grapples with technical challenges, with half its holders in the red and resistance pushing prices lower. Hedera contends with negative sentiment, worsened by diminishing trading interest, signaling a drift of focus away from it. Meanwhile, BlockDAG bucks the market downturn, nearing its $600 million presale goal. With technical support from SpaceDev, BlockDAG’s ecosystem is evolving into a hub for development, enhancing its appeal. The impending March 2025 beta test net and upcoming exchange listings further bolster its position, distinguishing BlockDAG as a formidable Layer 1 innovator. As the crypto presale window narrows, while Ethereum and Hedera face uncertainties, BlockDAG’s path forward looks promising. The real question shifts from if to when BlockDAG will surge significantly. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG on a Rising Spree: $205M Raised & SpaceDev Deal Closed—While Ethereum & Hedera Struggle to Stay in the Game appeared first on TheCoinrise.com .
