Crypto Market Splits as NEAR Drops 5.4% XLM Targets $20 BDAG Presale Reaches $350M

The cryptocurrency market remains fragmented as key projects exhibit divergent trajectories. Near Protocol (NEAR) has seen a sharp 5.4% price decline in 24 hours, dropping from $2.97 to $2.81 amid intensified market weakness. The selloff, marked by a surge in trading volume (14.19 million tokens exchanged), has breached critical support at $2.84, now acting as resistance after failed attempts to retest the level. Technical indicators suggest a potential consolidation phase, but broader altcoin underperformance and elevated volatility complicate near-term recovery prospects [1].

Stellar (XLM), meanwhile, is drawing speculative optimism. Analyst C-Zar has projected a long-term price target of $20 by 2026, citing historical bull cycles and RSI patterns as justification for the forecast [1]. A shorter-term breakout to $2.46 is also highlighted, though these projections depend on shifting market sentiment. XLM’s prolonged consolidation near $0.47 has sparked debate among traders, with some viewing it as a precursor to a potential rally amid improved network activity [1].

BlockDAG (BDAG) has shifted focus to execution, showcasing a live demo of its X1 and X10 mining combo. The X1 mobile app, capable of generating up to 20 BDAG daily, multiplies output tenfold when paired with the X10 hardware miner. This integration reduces entry barriers while enabling scalable earnings, contributing to the X1’s adoption reaching over 2 million users [1]. The X10, set for shipment on August 15, aligns with BDAG’s presale success, which has raised $350 million across 29 batches with a locked price of $0.0016 until August 11 [1]. Analysts emphasize the project’s execution-driven approach, contrasting it with speculative altcoins, as its live infrastructure and fixed presale rate create immediate value for early adopters [1].

Market dynamics highlight stark contrasts. While XLM’s $20 target remains aspirational, BDAG’s locked presale rate of $0.0016 is already in place, with post-presale expectations of $0.05 triggering further interest [1]. The X1 and X10 demo serves as a practical proof of concept, demonstrating the project’s ability to accelerate BDAG accumulation. With 24.3 billion BDAG sold to date, the project’s infrastructure underscores its position as a top-tier crypto option, particularly for miners seeking immediate returns [1].

The broader altcoin market remains divided, with NEAR’s decline and XLM’s speculative optimism reflecting divergent investor priorities. However, BDAG’s operational milestones and tangible user adoption suggest a strategic pivot toward execution. As the presale nears its August 11 deadline, market participants will closely monitor how these developments influence broader crypto sentiment [1].

Source: [1] [Near Protocol Price Dips, XLM Dreams of $20 & BlockDAG Drops X1 + X10 Power Combo Live Demo!](https://blockchainreporter.net/near-price-dips-xlm-dreams-of-20-blockdag-drops-x1-x10-power-combo-live-demo/)