Bitcoin News Today: Hedera Surpasses $0.25 Litecoin Rallies 9.4% BlockDAG Presale Hits $362.5M

The cryptocurrency market is currently experiencing heightened momentum as several major projects push price benchmarks and attract attention from both retail and institutional investors. Among the most notable developments are the recent price movements of Hedera (HBAR), Litecoin (LTC), and the ongoing presale and auction activities of BlockDAG (BDAG).

Hedera’s price is on the rise, having recently broken above the $0.25 mark, triggering renewed interest in its long-term price potential. Analysts view this level as a key support zone, with a potential short-term continuation expected if the token surpasses $0.27. The 24-hour trading volume has neared $408 million, signaling increased liquidity and investor engagement. While long-term price predictions point toward a $2 target by 2025, this largely depends on broader altcoin sentiment and adoption trends [1]. For now, the focus is on maintaining current momentum amid growing resistance at $0.255–$0.260.

Meanwhile, Litecoin has also caught the attention of market watchers, posting a 9.4% gain to reach $119.30. The token has recorded six consecutive green candles, indicating strong short-term bullish momentum. This rally came alongside a doubling of the 14-day trading volume and an update from the Litecoin Foundation revealing that 12% of the network’s lifetime transactions occurred in 2024 alone. However, questions remain about the sustainability of this momentum, especially as Litecoin lacks a robust DeFi ecosystem. The $121–$122 range is now a critical resistance zone, and a rejection could see the price retrace toward $115 before attempting a push toward $130 [1].

The most aggressive price action, however, is coming from BlockDAG. The project is currently in the final phase of its presale, which has already raised $362.5 million and sold 24.7 billion BDAG coins. A key driver of this momentum is the live 10 BTC Auction Pool, open until August 11. Participants who purchase BDAG in the next six days qualify for a chance to win a share of the 10 BTC prize. The BDAG price remains locked at $0.0016 until the deadline, after which it will increase to $0.0276. This presents a potential 3,025% return for buyers if the coin lists at $0.05 [1].

The presale has seen remarkable growth, with the BDAG price rising 2,660% from batch 1 to batch 29. The 10 BTC Auction is not only a marketing tool but also a strategic move to attract final-stage investors who may have been on the sidelines. This event underscores the urgency of the countdown to August 11, a deadline that marks both the end of the special price and the auction. Investors who act before this date could see substantial returns, while those who hesitate will miss a rare opportunity [1].

As the market watches these three projects closely, the broader implications for crypto sentiment are becoming clear. While Hedera’s $2 target is ambitious and contingent on broader trends, and Litecoin’s rally highlights its role as a blue-chip altcoin, BlockDAG is demonstrating a new level of presale-driven excitement. The combination of price momentum, liquidity, and incentives is drawing attention to the potential for high-risk, high-reward opportunities in the current market environment [1].

Source: [1] Hedera Price Prediction Eyes $2, Litecoin Fires Past $119, BlockDAG’s 10 BTC Auction Sparks Panic Buys (https://cryptonewsland.com/hedera-price-prediction-eyes-2-litecoin-fires-past-119-blockdags-10-btc-auction-sparks-panic-buys/)