BitMart daily market report: $3.88 trillion market cap, $GDB +1896.13%, Fear & Greed Index at 63.

BitMart daily market report: $3.88 trillion market cap, $GDB +1896.13%, Fear & Greed Index at 63.

The cryptocurrency market continues to show signs of growth and innovation, with several altcoins leading the way in price movements and user traction. According to recent data from cryptonewsland.com, several cryptocurrencies are making significant strides. This article explores the top performing cryptos, including BlockDAG, XLM, BONK, and PENGU, and examines the strategic shift by BTCS Inc. towards Ethereum.

Top Performing Cryptocurrencies

# BlockDAG
BlockDAG has been making waves in the early-stage crypto scene. With over $355 million raised and more than 24.4 billion BDAG coins sold during its presale, the project has demonstrated strong investor interest. The platform offers real tools and full access from day one, with over 20 exchanges confirming listings. Live tools, such as the X1 and X10 miners, and the X1 mobile app with 2.5 million users, showcase BlockDAG's commitment to utility and user engagement [1].

# XLM
Stellar (XLM) has had a strong July, gaining 75.7% and marking its sixth green close for the month. The coin recently passed the $0.52 mark and is currently testing this level for potential further gains. Analysts predict the price could target $0.73 to $0.75, supported by a bullish pennant on the daily chart and positive futures funding rates [1].

# BONK
BONK has experienced a significant rally after burning 500 billion coins on July 26, supporting a 158% monthly gain. The coin is now near $0.0000357 and is tracking Solana’s momentum, including support from upcoming upgrades aiming to boost block capacity by 66%. If BONK breaks the next key resistance at $0.000040, a 46% upside could follow [1].

# PENGU
PENGU has gained 151% this month, trading between $0.037 and $0.045. The coin has benefited from new brand partnerships, including Walmart Toys and NASCAR, and large holders adding over 315 million coins. While risks are rising with increased liquidity pool activity, PENGU remains active on watchlists due to social momentum and trading volatility [1].

BTCS's Ethereum Expansion

BTCS Inc., a Nasdaq-listed blockchain infrastructure firm, has filed a $2 billion shelf registration with the SEC to expand its Ethereum treasury. This strategic shift prioritizes Ethereum staking and validator infrastructure, marking a significant pivot from Bitcoin-focused asset management. The filing enables flexible capital deployment to enhance Ethereum-based asset management and network participation, aligning with growing institutional confidence in Ethereum post-PoS transition [2].

Conclusion

The cryptocurrency market is witnessing a dynamic shift with several altcoins showing strong technicals and user traction. BlockDAG, XLM, BONK, and PENGU are among the top performing cryptos, each offering unique value propositions from infrastructure builds to meme-based engagement. Meanwhile, BTCS Inc.'s $2 billion Ethereum expansion signals growing institutional confidence in Ethereum, potentially boosting ETH staking yields and network security.

References
[1] https://cryptonewsland.com/top-performing-cryptos-blockdag-xlm-bonk-and-pengu-in-focus/
[2] https://en.coinotag.com/btcs-files-2-billion-sec-registration-to-potentially-expand-ethereum-treasury-and-staking-operations/