Ethereum News Today: Ethereum Up 78% as BlockDAG Hits $0.0016 Entry and Opens 10 BTC Auction

The cryptocurrency market is showing renewed energy as major assets like Ethereum (ETH) and Avalanche (AVAX) continue to draw investor interest. Meanwhile, a newer entrant, BlockDAG, is gaining traction with a compelling value proposition, aggressive growth metrics, and a live 10 BTC auction. The convergence of these factors is turning heads in both retail and institutional circles.

Ethereum has surged more than 78% since June, fueled by strong institutional demand and expectations of a $10,000 price target [1]. BitMEX co-founder Arthur Hayes has forecasted that ETH could reach $10,000 in this cycle, attributing the potential to rising liquidity and accommodative monetary policies [1]. Technically, ETH is holding above key moving averages, but resistance near $3,800 has proven difficult to break. Analysts predict a consolidation phase between $3,500 and $3,600 before another upward move [1].

Avalanche (AVAX) has also attracted attention, with AVAX reaching as high as $37.20 and posting a 105% gain from its May lows. The Avalanche 9000 upgrade has improved subnet creation efficiency, reducing costs and expanding the project’s appeal. Some analysts project AVAX could climb to $130 or even $300 [1]. Partnerships with entities like AWS and the California DMV are seen as positive long-term indicators. However, competition from Ethereum and Solana remains a challenge, and AVAX’s validator requirements could hinder broader adoption [1].

In contrast, BlockDAG is capturing market attention with its rapid user growth, active development, and attractive entry point. As of now, the platform has raised $364.5 million and attracted over 2.5 million users through its X1 mining app. BlockDAG is currently in Batch 29, where the standard price is $0.0276, but a special Global Launch window offers BDAG at just $0.0016 until August 11—representing a 17x discount from the batch price [1].

The platform’s 10 BTC auction is still open, with winners set to be announced on August 15. This initiative, combined with five confirmed exchange listings—MEXC, LBank, BitMart, XT.com, and CoinStore—shows a strong institutional build-up. BlockDAG also provides a Dashboard V4 with real-time analytics, portfolio tracking, and simulated trading, reinforcing its utility-focused approach [1].

BlockDAG’s hybrid blockchain-DAG architecture, EVM compatibility, and low-code contract builder provide a balance of speed and usability, setting it apart from traditional blockchain platforms. A 100 million BDAG airdrop is also underway to encourage early community participation and growth.

What sets BlockDAG apart is its timing. While ETH and AVAX are already trading at levels that leave limited room for new entrants, BlockDAG remains in its early adoption phase. With infrastructure in place, a large and active user base, and a rapidly growing network, it represents a unique opportunity in a market where early access can define long-term success.

For investors seeking exposure to a project that is delivering tangible results rather than relying on speculative forecasts, the presale period for BlockDAG is a critical window. The entry price of $0.0016 is set to expire after August 11, making this period a potential inflection point for the token’s trajectory.

As Ethereum and Avalanche continue their respective bullish cycles, BlockDAG is carving out its own path—one marked by innovation, growth, and real-world application. The convergence of these market dynamics is creating a compelling narrative for investors looking to position themselves ahead of the broader market’s recognition.

Source: [1] While ETH Targets $10K & AVAX Eyes $130, BlockDAG’s $0.0016 Entry, Live Dashboard, & 10 BTC Auction Turn Heads (https://coinmarketcap.com/community/articles/68961342e21b950c870dd3b6/)