XRP News Today: BlockDAG Challenges DOGE and XRP with Scalable Tech and $389M Presale Momentum

DOGE Hype Fades, XRP Tests New Highs, and BlockDAG Drops to $0.0013 Ahead of $0.05 Launch!

Dogecoin (DOGE) saw a 150% surge in trading volumes over the past week, following a 10% monthly gain in August that outpaced Bitcoin’s 6% decline. Despite this, open interest for DOGE futures decreased by 4.7% to $3.24 billion, indicating a strategic reshuffling of positions rather than a definitive bearish signal. Derivative data from Coinglass revealed that bullish traders closed $7.61 million in long contracts, while short-sellers maintained a stronger presence with $262 million in leverage compared to $172 million in long exposure. The most significant concentration of leverage was observed at $0.21, a critical support level that has held amid broader crypto market corrections in late August. Analysts suggest that if this level is sustained, it could drive DOGE toward the $0.34 resistance zone and potentially to all-time highs above $2, implying an 850% rally from current levels.

Meanwhile, XRP faces growing skepticism from traditional finance, with Swift’s Chief Innovation Officer, Tom Zschach, labeling Ripple’s network a “dead chain walking.” Zschach argued that institutions prefer neutral, shared governance over centralized models and highlighted the dominance of networks like Ethereum and Solana in DeFi activity. According to DeFiLlama, XRP’s total value locked stands at $87.85 million, a stark contrast to Ethereum’s $96.9 billion and Solana’s $11.27 billion. Derivatives data also shows XRP lagging in institutional participation, with its futures open interest far below that of its peers. Ripple has introduced upgrades such as automated market makers, an EVM sidechain, and a native stablecoin, but experts argue that broader adoption hinges on increased on-chain activity and developer engagement.

In a contrasting narrative, BlockDAG has captured market attention with a presale that has raised $389 million as of Batch 30, selling 25.5 billion tokens at $0.03. The project is currently valued at $0.0013, with a projected listing price of $0.05, offering a guaranteed 66% return for early buyers. The X1 mobile app, which allows users to mine BDAG via their phones, has already attracted over 3 million users, forming a strong base of daily engagement. The network is further supported by a distribution of over 20,000 physical miners and partnerships with global sports teams and influencers, expanding BDAG’s reach beyond trading communities. Analysts project short-term targets at $1 and long-term goals of $5 to $10, based on the project’s growing user base and infrastructure.

BlockDAG’s technological foundation includes a DAG-based architecture that combines scalability with Proof of Work security, as well as EVM compatibility to support decentralized applications. The project’s real-time dashboard provides full transparency into its presale progress and token distribution, reinforcing investor trust. With confirmed exchange listings on platforms such as MEXC, BitMart, and LBank, BlockDAG is preparing for a robust public market entry. These factors position it as a compelling alternative to meme-based assets like DOGE and sector-specific tokens like XRP, which face limitations in growth due to narrow use cases or speculative hype.

DOGE and XRP remain relevant within the crypto market but face structural challenges. Dogecoin’s price is heavily influenced by social media trends and high-profile endorsements, such as from Elon Musk, rather than fundamental development. A proposed $200 million Dogecoin treasury company, backed by Musk’s attorney Alex Spiro, aims to increase institutional legitimacy but has not yet launched. XRP, on the other hand, struggles with a shrinking DeFi footprint and reliance on cross-border payments, limiting its appeal to a broader range of investors. Both tokens underscore the growing shift in crypto investing toward projects with clear roadmaps, scalable infrastructure, and transparent governance—traits that BlockDAG appears to embody with its presale momentum and active user base.

Source: [1] Dogecoin Analyst Forecasts 850% Price Rally in September ... (https://finance.yahoo.com/news/dogecoin-analyst-forecasts-850-price-214254850.html) [2] Elon Musk's lawyer Alex Spiro set to chair $200 million ... (https://fortune.com/crypto/2025/08/29/elon-musk-alex-spiro-dogecoin-house-of-doge-crypto-treasury-company/) [3] Now That XRP is Dead, What's Next? Swift Executive Calls ... (https://finance.yahoo.com/news/now-xrp-dead-next-swift-105438346.html) [4] BlockDAG Presale Surpasses $389M, Outshining ... (https://coinmarketcap.com/community/articles/68b7261925b8125618714c6e/?prefer_reader_view=1&prefer_safari=1) [5] 3M Users Mining BlockDAG: From $0.03 to $10? (https://www.cryptoninjas.net/news/3m-users-mining-blockdag-from-0-03-to-10/)