BlockDAG Gains Traction With $358M Raised And $0.0016 Discount As SPX Cools And ATOM Dips 10.97%

The cryptocurrency market has shown mixed performances this week, with SPX6900 (SPX) reaching an all-time high of $2.27 before retreating slightly. The rally was supported by an 18% surge in futures activity, doubling trading volume and maintaining a Long/Short Ratio of 1.08, signaling continued bullish momentum. However, selling pressure has increased, as indicated by a two-day rise in netflows and a sharp drop in SPX’s Stock-to-Flow Ratio from 7,200 to 77. Analysts remain divided: if demand holds, SPX could climb past $2.27 toward $2.50; if pressure increases, a pullback to $1.93 is a potential risk [1].

Meanwhile, Cosmos (ATOM) faced a 10.97% decline this week, hitting $4.66 despite hitting a milestone of 100 active chains and launching its first encrypted money market, ShadeX. The price struggled against resistance near $4.95, with intraday volatility hitting 7.58%. Buyers briefly pushed the price to $4.77, but the move lacked lasting momentum. The next support level is seen at $4.56, and without a break above resistance, further downward pressure is expected [1].

BlockDAG (BDAG) has emerged as a standout in the altcoin space, raising $358 million and selling 24.6 billion coins ahead of its official launch. Unlike many projects that roll out features post-launch, BlockDAG already offers a fully developed ecosystem, including a live Beta Testnet, a functional mobile app (X1), and smart contract tools. The project has attracted over 4,500 developers working on 300+ projects spanning DeFi and AI. Security firms CertiK and Halborn have fully audited the system, adding credibility. During the ongoing GLOBAL LAUNCH phase, the price is discounted to $0.0016 from August 11, offering a 3,025% return potential when it lists at $0.05. Experts project the price could reach $1 soon, with long-term targets as high as $20 by 2027 [1].

The SPX and ATOM price movements highlight contrasting narratives: SPX continues to show resilience with strong liquidity, while ATOM faces structural resistance and volatility. BlockDAG, however, is gaining traction through a robust pre-launch ecosystem and early adoption. With a clear roadmap and growing developer activity, the project has positioned itself as one of the most promising altcoins for the year. As Batch 29 nears completion, demand for the discounted rate is increasing, reinforcing expectations of a strong launch and continued price appreciation [1].

Source: [1]BlockDAG Eyes $1 Target With $358M Raised As Cosmos Dips And SPX Cools After $2.27 High (https://cryptofrontnews.com/blockdag-eyes-1-target-with-358m-raised-as-cosmos-dips-and-spx-cools-after-2-27-high/)