Avalanche Targets $35, Litecoin Rallies 20% Amid BlockDAG’s $353M Presale and 10x Mining Demo

The cryptocurrency market continues to show robust momentum as Avalanche (AVAX) and Litecoin (LTC) surge amid bullish technical patterns and speculative optimism. AVAX has surpassed key resistance levels, triggering discussions about its potential to reach $35, while LTC’s 20% rally has drawn attention to its next major price target. Meanwhile, BlockDAG (BDAG) has emerged as a disruptive force with a groundbreaking mining demo that promises to amplify mining output by 10x, coupled with a presale that has already secured $353 million in funding.

Avalanche’s price trajectory has been fueled by anticipation of an ETF approval expected by July 28, despite the lack of official confirmation. The asset has recently flipped $25.5 resistance into support and crossed above its 200-day moving average, a historically significant trend indicator. Open interest has also hit multi-month highs, signaling increased participation. Analysts and traders are closely watching whether AVAX can sustain its momentum to test the $32–$35 range. A breakout could lead to rapid liquidation of short positions near $27–$28, further amplifying upward pressure.

Litecoin’s resurgence has been equally striking, with a 20% surge pushing its price to $116 after breaking above $100. Technical indicators, including the Bull-Bear Power metric crossing above 22.5, suggest sustained bullish control. However, risks persist: if LTC dips below $116, over $33 million in long positions may face liquidation. Conversely, $19 million in short positions could be squeezed if the price remains elevated. The movement of $5 million worth of LTC off exchanges also signals growing confidence among holders. A continuation of bullish momentum could see LTC challenging $147.

BlockDAG’s recent live demo of its X1 mobile app and X10 mining device has redefined accessibility in crypto mining. The X1 app, already boasting 2 million active users, allows smartphone-based mining of up to 20 BDAG daily. The X10 miner, a compact Bluetooth-enabled device, boosts this output to 200 BDAG per day, creating a plug-and-play system that eliminates barriers to entry. This innovation has coincided with a record-breaking presale, where over 24.3 billion BDAG tokens have been sold, securing $353 million in capital. Early investors in Batch 1 have already seen returns of 2,660%, and Batch 29 remains available at $0.0016 until August 11, offering a potential upside of 3,025% before the projected $0.05 launch price.

The combination of practical utility, user-friendly design, and strong presale performance has positioned BlockDAG as a standout project in the long-term crypto landscape. Its focus on democratizing mining aligns with broader market trends toward accessibility, distinguishing it from traditional mining models. While AVAX and LTC rely on macroeconomic factors and technical patterns for growth, BlockDAG’s approach offers a tangible, decentralized solution that resonates with both retail and institutional investors.

As the market evaluates short-term price targets for AVAX and LTC, BlockDAG’s demo and presale highlight a different kind of value proposition: scalable mining infrastructure paired with a community-driven token economy. With over 24.3 billion tokens sold and a limited-time entry point remaining, the project continues to attract attention for its potential to deliver substantial returns.

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Source: [1] [title: BlockDAG’s X1 & X10 Miner Demo Unleashes 10x Mining Potential! AVAX Targets $35 & LTC Soars 20%] [url: https://coinmarketcap.com/community/articles/68861581992f375ac451b591/]