Bitcoin News Today: Cardano Pushes Toward $1 as Treasury Fund Fuels Rebound HYPE Tests $31 Support BlockDAG Presale Hits $367M With 10 BTC Prize

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 12:17 am ET1min read
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Aime RobotAime Summary

- Cardano (ADA) rebounds to $0.73 after a $70M treasury fund boost, with analysts forecasting potential $1–$1.50 gains if resistance levels are breached.

- Hyperliquid (HYPE) tests $31.50 support after a 17% drop, with analysts warning of further declines if the level breaks, though bullish positioning hints at a possible rebound.

- BlockDAG’s presale hits $367M with a 10 BTC prize pool, offering a novel interactive model combining trading contests and education, potentially reshaping early-stage crypto engagement.

Cardano (ADA) is showing signs of resilience after retreating to $0.69 in early August, with a recent rebound to $0.73 following the approval of a $70 million treasury fund aimed at advancing key projects such as the Midnight sidechain and developer tools. Analysts suggest that a sustained move above the $0.80–$0.85 resistance zone could lead

ADA
to $0.96 by the end of the month, with some near-term forecasts anticipating a potential climb to $1–$1.50 if the trend continues [1]. Longer-term projections hinge on the success of upcoming upgrades like the Chang hard fork and Hydra scaling, with some models projecting ADA could reach $3 by late 2025 [1].

Hyperliquid (HYPE) is currently testing critical support levels after a sharp 17% pullback in early August pushed the token into the $35–$38 range. The coin previously reached a peak of $49.80, supported by $320 billion in trading volume and a 75% market share in DEX perpetuals. Analysts view $31.50 as a crucial level—breaking below it could trigger a deeper decline. However, current derivatives data indicates higher

bullish
positioning, suggesting a potential rebound if market conditions improve [1]. Forecasts for August point to a return to $40–$48 if support holds, with more optimistic models seeing HYPE climbing toward $50 and possibly reaching $60–$72 by year-end under strong market conditions [1].

Meanwhile, BlockDAG (BDAG) is drawing attention with a novel approach to its presale, combining it with a live trading contest offering a 10 BTC prize pool. Through the TRADEBDAG Dashboard, participants can simulate trades on a real-time exchange platform, with each purchase increasing their stake in the

Bitcoin
reward pool. This interactive format turns presale participation into a competitive learning and earning experience, distinguishing BlockDAG from traditional token offerings [1].

The current presale price for BDAG is $0.0016 until August 11, 2025, before moving to $0.0276 in the next batch. At this stage, the project has raised over $367 million, sold 24.8 billion tokens, and distributed more than 19,000 crypto miners. With a locked launch price of $0.05, the potential ROI from the current rate is estimated at 3,025% [1]. The 10 BTC prize pool remains active until the same date, offering an additional incentive for active participation.

As ADA builds momentum toward a potential $1 target and HYPE tests its support levels, BlockDAG’s presale event is creating a new dynamic in how investors and traders engage with emerging crypto projects. The integration of education, competition, and real-world rewards is reshaping the landscape of early-stage token participation, offering a model that could influence future market behavior [1].

Source: [1]

Cardano
Targets $1 as HYPE Holds $31 and BlockDAG Launches Presale Contest With 10 BTC Prize Pool (https://coinmarketcap.com/community/articles/68981a65f34e2248a5748c15/)