Dogecoin News Today: Hyperliquid, Dogecoin Drop 2.39% 11% as BlockDAG Surges with $353M Ecosystem Growth

The cryptocurrency market experienced significant volatility this week as key players faced contrasting fortunes. Hyperliquid (HYPE) and Dogecoin (DOGE) both saw sharp declines, while BlockDAG (BDAG) demonstrated sustained momentum driven by ecosystem development. These movements highlight the interplay between regulatory shifts, market sentiment, and long-term project fundamentals.

Hyperliquid’s price fell 2.39% in 24 hours, dropping to $42.83, following Coinbase’s launch of U.S.-regulated perpetual futures on July 24. This move diluted HYPE’s dominance in decentralized perpetual trading, where it previously managed $249 billion in monthly volume. Technical indicators worsened as the Moving Average Convergence Divergence (MACD) fell below the signal line, and the price slipped under both the 7-day Simple Moving Average (SMA) and Exponential Moving Average (EMA). The broader market contributed to downward pressure, with the total crypto market cap declining 1.36% and Bitcoin dominance rising, redirecting capital away from altcoins [1].

Dogecoin (DOGE) fared worse, plunging 11% from $0.26 to $0.24 between July 23 and 24. Large holders initiated heavy selling, pushing daily trading volume past 2.26 billion DOGE—the highest spike this month. Despite a brief rebound to $0.23, DOGE failed to reclaim $0.25, intensifying short-term bearish sentiment. Analysts identified $0.23 as a critical support level; a break below this threshold could trigger a further decline to $0.21. Weak market conditions, profit-taking by large investors, and the failure to hold trendline support were cited as primary factors [1].

In contrast, BlockDAG emerged as a standout, fueled by its growing builder ecosystem. The project has raised $353 million through the sale of 24.3 billion BDAG coins, with over 4,500 developers contributing to 300+ Web3 projects across AI, DeFi, and real-world applications. Strategic initiatives, such as a hackathon partnership with HackerEarth, are attracting skilled developers to its scalable network. Current presale pricing at $0.0016 (valid until August 11) offers a projected 3025% return if the token reaches its estimated $0.05 launch price. Early participants in Batches 1–29 have already achieved a 2660% return, underscoring the project’s adoption trajectory [1].

BlockDAG’s infrastructure expansion is further supported by hardware sales, with $7.6 million in mining device revenue and 18,650 units sold. This growing computational power reinforces network security as it approaches launch. The platform’s ecosystem now includes 200,000 token holders and a focus on real-world utility, differentiating it from speculative assets. Analysts note that while HYPE and DOGE remain in “wait-and-see” mode due to technical headwinds, BlockDAG’s development velocity and practical applications position it as a long-term growth story [1].

Source: [1] [HYPE Sees Pullback, DOGE Falls 11%, BlockDAG Grows with 4,500+ Builders Driving Real-World Use] [https://cryptonewsland.com/hype-sees-pullback-doge-falls-11-blockdag-grows-with-4500-builders-driving-real-world-use/]