Bitcoin News Today: Hedera Surges 8.98% on Bullish Momentum, Eyes $0.27 Breakout

Hedera (HBAR) has surged past $0.2513 in recent trading sessions, attracting attention from market participants and analysts who see potential for the token to reach $2 in the near term [1]. The price movement was supported by an 8.98% increase over a short time frame, with a 24-hour trading volume of $408 million reinforcing the bullish momentum. Technical observers note that a clean breakout above $0.27 could signal the start of a new upward trend. However, long-term forecasts of reaching $2 by 2025 remain speculative and are contingent on broader adoption trends and the overall health of the altcoin market [1].

Litecoin (LTC) has also seen strong performance, breaking above $119.30 with a 9.4% gain, fueled by increased buying interest and a nearly doubled trading volume compared to its 14-day average [1]. The recent price action has generated optimism among investors, particularly as the Litecoin Foundation reported that 12% of all network transactions since launch have occurred in the current year. That said, analysts caution that Litecoin’s long-term sustainability may be limited without a stronger presence in the DeFi ecosystem. A critical resistance level has now emerged between $121 and $122, and failure to hold this range could trigger a retracement toward $115, delaying any meaningful move toward $130 [1].

In another significant development, BlockDAG (BDAG) has intensified its market presence with the launch of its 10 BTC Auction Pool, which is now active until August 11 [1]. The auction allows active participants to compete for a share of the 10 BTC prize pool, adding an extra layer of urgency to the presale. The current presale price of $0.0016 per BDAG token will increase to $0.0276 after the cutoff date, marking a notable jump in cost for latecomers. To date, the project has raised $362.5 million and sold 24.7 billion tokens. Investors who purchase BDAG before August 11 may see potential gains of up to 3,025%, based on the price trajectory from Batch 1 to Batch 29 [1].

The aggressive growth of BDAG, combined with the strong short-term performance of HBAR and LTC, has positioned these assets as top crypto coins to watch at the moment [1]. However, while HBAR and LTC show bullish signs, their long-term success will depend on continued adoption and favorable broader market conditions. For BDAG, the final phase of its presale has created urgency for buyers, with the rare $0.0016 entry price vanishing in just days [2].

Sources:

[1] Coindoo, Hedera Price Prediction Eyes $2, Litecoin Breaks $119, & BlockDAG 10 BTC Auction Heats Up (https://coindoo.com/hedera-price-prediction-eyes-2-litecoin-breaks-119-blockdag-10-btc-auction-heats-up/)

[2] Coindoo, $363M Floods In, BlockDAG’s $0.0016 Price Vanishes August 11 (https://coindoo.com/363m-floods-in-blockdags-0-0016-price-vanishes-august-11-while-sui-gains-big-bnb-eyes-2k/)