Ethereum News Today: Ethereum Classic Surges Past $22, Hedera Climbs 70% as BlockDAG Gains Traction with 3,025% Presale Potential

Ethereum Classic (ETC) has surged past $22 for the first time in months, breaking out of a prolonged $16–$18 trading range and signaling renewed investor interest [1]. Analysts highlight the coin’s potential to reach $30 in the short term, driven by strong on-chain volume and a key resistance level at $23.86 [1]. Meanwhile, Hedera (HBAR) has rebounded with a 70% rally in under two weeks after breaking out of a descending wedge pattern, pushing its price from $0.14 to over $0.26 [1]. The momentum appears supported by growing demand, with HBAR now holding above $0.27 and analysts eyeing a potential $0.30–$0.38 target [1].

BlockDAG, a pre-launch project, is gaining rapid traction with 4,500+ developers and over 300 projects spanning DeFi, AI, and real-world applications [1]. Despite not launching its mainnet, the platform has already deployed a testnet, developer tools, and the X1 mining app, which has attracted 2 million users. Security audits by Certik and Halborn have bolstered confidence, while its presale has raised $351 million and sold 24.3 billion tokens [1]. At $0.0016 during Batch 29, BDAG’s price could see a 3,025% gain if it hits its $0.05 launch target on August 11 [1]. The project’s roadmap includes launching 1,000 dApps by 2026, positioning it as a contender for top crypto of 2025 [1].

ETC’s breakout reflects broader optimism about its long-term utility, particularly as analysts note past trends where the coin has continued upward despite overbought RSI levels [1]. HBAR’s wedge breakout suggests a potential reversal of its sideways movement, with key support levels now acting as price floors [1]. BlockDAG’s pre-launch success underscores the appeal of its developer-first approach, with its ecosystem growing faster than many established projects. The 200,000+ token holders and 2 million X1 app users highlight its grassroots adoption [1].

The competitive landscape remains dynamic. ETC’s $30 target and HBAR’s $0.38 projection are analyst-driven forecasts, contingent on maintaining current momentum [1]. BlockDAG’s 3,025% presale return potential is speculative, tied to its planned launch price. Collectively, these projects exemplify a market trend toward innovation in blockchain infrastructure and utility, though their success will depend on sustaining technical strength and ecosystem growth.

Source: [1] [ETC Hits $22, HBAR Climbs 70%, While BlockDAG Grows Fast With 4,500+ Developers and 300+ Projects] [https://www.livebitcoinnews.com/etc-hits-22-hbar-climbs-70-while-blockdag-grows-fast-with-4500-developers-and-300-projects/]