Bitcoin News Today: TRX Struggles With Resistance as BlockDAG Presale Surpasses $364M

TRX Faces Tough Resistance and ADA Volume Slips as BlockDAG Pushes 10 BTC Offer

The cryptocurrency market remains fragmented, with varied performances across key altcoins. Tron (TRX) is experiencing resistance despite growing on-chain activity, while Cardano (ADA) struggles with waning volume and price pressure. Meanwhile, BlockDAG (BDAG) is generating significant momentum through a high-stakes BTC reward campaign.

Tron (TRX) continues to draw attention following Justin Sun’s high-profile appearance on Nasdaq, which reignited interest in the network. On-chain metrics highlight Tron’s resilience, with over 14 billion transactions and $80 billion in USDT volume. This growth in stablecoin activity is a key driver for TRX, although analysts caution that continued price appreciation may depend on more than just short-term liquidity [1].

Cardano (ADA) is currently hovering near long-term support levels, with analysts pointing to a falling wedge pattern that suggests potential for a bounce. Despite recent volatility, including a 7% drop in a single day and a further 3.7% decline within 24 hours, ADA is still holding near the 50-month moving average. However, weak trading volume and an unconfirmed RSI signal leave the path forward uncertain. Market participants are now closely watching whether ADA can stabilize above the $0.75 level [1].

In contrast, BlockDAG (BDAG) is leveraging a promotional BTC giveaway to accelerate presale momentum. The WIN-10-BTC event allows BDAG buyers to enter a prize pool of 10 BTC, with rewards distributed proportionally based on purchase size. The presale has already raised over $364 million, with 24.9 billion tokens sold and nearly 19,000 mining devices claimed. The offer is available only until August 11, after which both the presale and the BTC giveaway will conclude [1].

BlockDAG’s presale price of $0.0016 offers a potential return of 3,025% based on the projected launch price of $0.05. This fixed rate, combined with the BTC reward, has positioned BlockDAG as a top contender among bullish crypto coins for 2025. Unlike TRX and ADA, which are largely dependent on market sentiment and chart patterns, BlockDAG is demonstrating tangible growth in both sales and user engagement [1].

As the presale nears its final days, the urgency for participation has increased. The BTC winners will be announced on August 15, leaving buyers with limited time to secure their shares. The combined effect of the presale and the reward campaign has created a strong sense of immediacy, drawing in both retail and institutional investors [1].

TRX and ADA continue to face headwinds, with TRX’s price action dependent on sustained stablecoin volume and ADA relying on technical indicators to confirm a reversal. BlockDAG, on the other hand, is building momentum through real-world adoption metrics and a results-driven marketing strategy. With no delays or repeats planned, the presale is concluding on a strong note, and early participants are already capitalizing on the opportunity [1].

Source: [1] TRX Faces Tough Resistance and ADA Volume Slips as BlockDAG Pushes 10 BTC Offer (https://coinmarketcap.com/community/articles/68935a0c3682913b7730adb8/)