Binance Coin Drops 15% as BlockDAG Gains 2660%

Binance Coin (BNB) has experienced a significant price decline this week, with its value dropping sharply. Concurrently, Near Protocol (NEAR) is also under pressure, as technical indicators do not suggest any imminent recovery. These price drops indicate a shift in market sentiment towards alternative crypto projects.

BlockDAG (BDAG), on the other hand, is gaining traction. Its user-friendly mining app and strong hardware demand are attracting considerable attention, positioning it as one of the most popular crypto coins in the market.

The price chart for Binance Coin (BNB) illustrates a steep decline from $697.55 on May 27 to approximately $600. Despite an 8% increase in stablecoin activity on the BSC chain, reaching $749 billion, BNB continues to struggle. Technical patterns, including a head-and-shoulders formation and bearish signals from the RSI and Stochastic Oscillator, suggest that the downward trend may persist. BNB is currently below major support zones, with potential support near $500. Until market sentiment improves, Binance Coin’s price may face further declines.

NEAR Protocol is also showing weak momentum. Despite a 90% spike in trading volume, the price has dropped 15% in the last week to $1.89. The lack of an upward trend has kept trader confidence low. Technical signals remain unfavourable, with all key EMAs trending lower, confirming a bearish outlook. With resistance at $2.15 and support barely holding at $1.98, NEAR could break down further. Unless there is a broader market rally, the bearish outlook for NEAR Protocol could persist.

BlockDAG has emerged as a standout project in the mining space. More than 2 million users are already mining BDAG using the X1 Miner App. On the hardware front, BlockDAG has sold 18,215 miners, indicating a mix of interest from small-scale users and serious miners. The miner lineup includes the entry-level X10, the mid-range X30, and the powerful X100. Each model is designed to meet different user needs. The X30 and X100 will ship on July 7, followed by the X10 on August 15. These models allow users to earn up to 600 and 2,000 BDAG per day, respectively.

Beyond mining, BlockDAG’s coin is drawing more attention. Since Batch 1, the BDAG coin has jumped 2,660%, from $0.001 to $0.0276. Though it is now in Batch 29, the coin is temporarily priced at $0.0080 for a limited time, and the final launch price is fixed at $0.05. That means over 500% gain from the current price, making this a major opportunity for early buyers. So far, 23.3 billion BDAG coins have been sold, and the presale has raised over $325 million. As the mining rollout continues and adoption grows, some in the market are speculating about a future value of $10.

BNB’s weak chart signals more trouble ahead, with sellers firmly in control. NEAR isn’t faring any better, with declining prices and no recovery in sight. Both assets may need strong shifts in sentiment to bounce back. BlockDAG, meanwhile, continues to move ahead quickly. With over 2 million app miners, over 18,215 devices sold, and a coin priced at $0.0080 for a limited time, it offers a strong case for being one of the most popular crypto coins today. With 16x potential from current price to launch, BlockDAG is gaining serious attention.