Bitcoin News Today: Cardano Pressed Near $0.50 as BlockDAG Attracts $367M in Presale

Cardano (ADA) remains under pressure near the $0.50 level as traders watch for a potential rebound. After recent price fluctuations, the coin is currently trading in the $0.48–$0.50 range, with a key resistance at $0.52 expected to determine the next phase of momentum [1]. The asset's performance reflects broader altcoin market dynamics, with bulls and bears in a standoff. A sustained move above $0.52 could reignite bullish sentiment, while a drop below $0.47 would likely force a retest of earlier support levels around $0.44 [2]. Developers continue to emphasize long-term improvements such as the Hydra protocol and sidechain features, but near-term price action remains the dominant factor for traders [3].

Meanwhile, TRON (TRX) has gained 3% in recent trading, pushing the coin toward the $0.332 level. The asset is now testing the $0.34–$0.35 range, with bulls aiming for a potential breakout to $0.45 [1]. On-chain activity remains robust, with over 323 million active accounts and more than $27 billion in total value locked. Futures open interest is also rising, indicating increased optimism among derivatives traders [2]. However, the Relative Strength Index (RSI) is nearing 75, signaling caution as the market may be entering overbought territory. A pullback to $0.318 or even $0.30 is a possibility if momentum weakens, though cumulative volume and on-chain accumulation metrics suggest buyers are still in control [3].

In contrast to ADA and TRX, BlockDAG is drawing significant attention from major market participants. The platform’s ongoing $0.0016 GLOBAL LAUNCH window has already raised over $367 million and sold 24.8 billion BDAG tokens [1]. The primary attraction is the 10 BTC prize pool, which is distributed based on the amount of BDAG held by August 11. Early adopters stand to claim a larger portion of the prize, as later entrants face reduced potential due to early whale activity [2]. The low entry price, combined with a projected 3,025% return from the $0.0016 price point compared to the $0.05 launch target, is drawing aggressive accumulation. The Dashboard V4, a live trading simulator, is also helping users prepare for the official launch by offering real-time price charts, wallet balances, and an interactive order book [3].

The 10 BTC distribution is not just a promotional gimmick—it operates as a direct split based on BDAG holdings, making it a unique incentive for buyers. Unlike many presales that rely on speculative hype, this event offers tangible Bitcoin payouts tied to the token’s adoption rate. Whales are moving quickly to secure their shares before the event concludes, reinforcing the idea that BDAG is becoming a focal point for institutional and large-cap investors [1].

While ADA and TRX remain on the radar of mid- and large-cap traders, the level of capital inflow into BlockDAG is outpacing both. The platform’s combination of low-cost entry, high ROI potential, and real Bitcoin rewards is proving to be a compelling proposition. With the presale event set to close on August 11, the race is on for investors to maximize their BDAG holdings and secure their share of the BTC pool [2].

Source: [1] ADA Struggles for Support, TRX Builds Toward $0.45 Target, Whales Rush to Join BlockDAG for 10 BTC Payout! (https://coinmarketcap.com/community/articles/6897d8c1f34e2248a5748ba1/)