Dogecoin News Today: BlockDAG Presale Surges 2,660% with Live Demo as Ethena Hits 46% Weekly Gain and Dogecoin Debates $7 Target

The cryptocurrency market is witnessing a convergence of speculative excitement and tangible progress, as three projects—BlockDAG, Ethena, and Dogecoin—capture investor attention with bold price forecasts and operational milestones. While Ethena (ENA) and Dogecoin (DOGE) remain subjects of debate, BlockDAG (BDAG) has moved beyond speculation, demonstrating a live demo and advancing its mining infrastructure to solidify its position as a high-potential altcoin.

BlockDAG’s upcoming demonstration of its X1 and X10 miner combination on Wednesday has accelerated momentum for the project, which has raised $350 million in its presale and sold 24.2 billion BDAG tokens. With miner shipments already underway and a global user base of over 2 million for the X1 mobile miner app, the project is transitioning from theoretical promise to active execution. The demo will showcase how pairing the X1 mobile app with the X10 hardware boosts daily mining output from 20 to 200 BDAG, effectively democratizing crypto mining for users worldwide. The presale price of $0.0016 remains locked until August 11, offering a final opportunity for investors to secure tokens before anticipated price adjustments. Analysts highlight that BlockDAG’s presale valuation has surged 2,660% since its initial batch, with long-term price targets extending to $1 and beyond [1].

Ethena (ENA) has emerged as a breakout performer, surging 46% weekly to trade near $0.4846. The altcoin has pierced key resistance levels, with technical indicators such as the 50-day and 200-day EMAs shifting to support roles and MACD signals hinting at a bullish trend. Trading volume has spiked to over $684 million, reflecting growing institutional and retail interest. If ENA maintains its current momentum and volume, it could approach the $0.75–$0.80 range. However, analysts caution that sustained gains will depend on the coin’s ability to hold critical support levels and avoid a reversal in trading activity [1].

Dogecoin (DOGE) has reignited a contentious debate after analyst Crypto Kaleo proposed a $7 price target, predicated on the assumption that DOGE could capture 10% of Bitcoin’s projected $10 trillion market cap. While the technical case for DOGE is bolstered by a breakout pattern on its BTC chart, skepticism persists regarding its fundamentals. The meme coin’s value remains heavily tied to community sentiment and macroeconomic factors, with no clear roadmap for utility-driven growth. Despite this, the DOGE price forecast has drawn renewed attention to legacy altcoins with strong social capital, even if the $7 target remains speculative [1].

The contrasting trajectories of these projects underscore a broader market dynamic: while Ethena and DOGE rely on technical momentum and narrative-driven speculation, BlockDAG is leveraging tangible progress to build credibility. The latter’s presale success—marked by 18,600 miner purchases and global hardware deliveries—demonstrates demand beyond passive speculation. Meanwhile, Ethena’s and DOGE’s price projections hinge on maintaining favorable market conditions and avoiding overbought scenarios.

As the crypto market navigates heightened volatility, the focus is shifting toward projects that combine narrative appeal with operational execution. BlockDAG’s demo and presale expansion, Ethena’s breakout performance, and DOGE’s speculative price debate collectively highlight the diverse strategies driving investor interest in the sector.

Source: [1] [BlockDAG Demo Set for Wednesday as Ethena Targets $0.80 and DOGE Sparks $7 Debate] [https://coinmarketcap.com/community/articles/6881b0e6cdd3e84fefeeda5d/]