SPX Surges 18% on Strong Futures Momentum, ATOM Falls 10.97%, BlockDAG Attracts 4,500+ Developers

Bloomberg-style Press Release

This week saw contrasting movements in the cryptocurrency market, with SPX6900 reaching a record high, Cosmos (ATOM) struggling amid a price drop, and BlockDAG gaining traction as developers flock to its ecosystem. The SPX6900 index surged to a new peak of $2.27, driven by increased futures interest and strong buying momentum. Open interest in SPX6900 climbed by 18%, while trading volume doubled, reflecting heightened optimism and leveraged positions. Funding rates remain in positive territory, and the Long/Short Ratio of 1.08 indicates continued bullish sentiment. However, traders have begun locking in profits, as net inflows continue and the Stock-to-Flow Ratio for SPX dropped from 7,200 to 77, signaling potential bearish pressure. If the current bullish momentum weakens, SPX could revisit the $1.93 support level. Conversely, sustained optimism might push the price above $2.27, with $2.50 as a potential next target [1].

In contrast, Cosmos (ATOM) has continued to face downward pressure, with the price falling 10.97% in the last seven days to settle at $4.66. Despite key ecosystem developments, such as the launch of ShadeX and the expansion of MapOfZones to over 100 live chains, ATOM has failed to gain traction. The asset is struggling to break through the $4.95 resistance level, and volatility has spiked to 7.58% during the same period. Although ATOM briefly rebounded toward $4.77, it could not sustain the gains. A key support level near $4.56 remains under threat, and unless the price moves above its main resistance, bearish conditions may persist [1].

Meanwhile, BlockDAG is attracting significant attention in the altcoin space, with over 4,500 developers already onboarded. Unlike traditional protocols that launch a coin first and build infrastructure later, BlockDAG has released its full utility tools before listing on exchanges. The project’s X1 mobile mining app is already live, and its Beta Testnet features smart contract support, enhanced verification, and faster processing. The development toolkit includes BDAGScan, Primordial IDE, and a DApp launchpad, and the network has passed security audits by CertiK and Halborn. Over 300 projects are being developed across AI, real-world applications, and DeFi, and the ongoing presale has raised over $359 million with 24.6 billion BDAG coins sold. At the current Batch 29 price of $0.0016, investors could see a 3,025% return if the token reaches its predicted $0.05 listing price. Analyst forecasts suggest a potential move toward $1 shortly after listing, with long-term projections reaching as high as $20 by 2027, making BlockDAG one of the most bullish altcoin candidates for 2025 [1].

Sources:

[1] SPX Hits High, ATOM Sinks, & BlockDAG Draws 4.5K+ Devs (https://coinmarketcap.com/community/articles/688e453449c4ae6e26c56610/)