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"Binance Coin Surges, Eyes $700; Dogecoin's Wild Ride Continues; BlockDAG Scores Big with Inter Milan"

AInvestSaturday, Feb 1, 2025 9:34 am ET
1min read

The crypto market is abuzz with significant activity, as the Binance Coin (BNB) recovers from recent drops and traders anticipate a move toward the $700 level. If key resistance is breached, prices could climb even higher.

At the same time, the Dogecoin (DOGE) value continues to be widely discussed, reflecting on instances where DOGE rose almost 900% within 48 hours.

Amid these market dynamics, BlockDAG (BDAG) is gaining significant attention through its ongoing collaboration with Inter Milan, with the presale reaching over $191.5 million and 18.2 billion coins distributed.

BDAG’s strategic partnership with a major soccer team enhances its reputation as one of the best crypto coins to buy right now.

The Binance Coin (BNB) is on the rise again after finding support at $635. Market analysts suggest that the BNB coin could reach the $700 mark if it surpasses resistance around $685 and $692. The coin has rebounded from recent lows, and the hourly chart shows a positive trend above the 100-hourly simple moving average.

BNB coin’s robust recovery, from a low of $637 to around $671, signals a potential return to its prior peaks. A breach of $700 could set targets around $720 or even $732. However, traders are wary as a fall below $668 could lead to another downturn for the BNB coin.

The Dogecoin value is still a lively discussion point, as a recent comment from Ali (@ali_charts) mentioned it’s hard to dismiss Dogecoin after a nearly 900% jump in just 48 hours during 2021. Market analysts see a chance for a repeat performance, with current on-chain data showing significant whale activity.

While DOGE’s value has recently declined slightly, some believe a resurgence is possible if overall market sentiment turns positive. Historical trends show sporadic, sharp increases, keeping the Dogecoin value in the spotlight for those speculating on its future. Critics point out the higher risk due to its meme-centric nature, but supporters cite past surges as indicators that dramatic rises are still possible.

BlockDAG’s

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.