XRP News Today: Ethereum Near $4000 As BlockDAG Presale Hits $368M And XRP Gains Momentum

The cryptocurrency market is experiencing a surge in interest as three major developments converge. BlockDAG’s 10 BTC Auction has become a focal point amid the broader rally in Ethereum and XRP. The platform’s presale, which has raised $368 million, is set to close its special $0.0016 GLOBAL LAUNCH price on August 11. Following this, the price is scheduled to increase to $0.0276 in Batch 29, before settling at the confirmed launch price of $0.05. This sharp price increase is intended to reward early participants with a low entry point into what is being positioned as one of the leading cryptocurrencies [1].

Ethereum (ETH) has also drawn significant attention as it pushes toward the $4,000 psychological and technical milestone. Analyst Lark Davis suggests that a successful break above this level could trigger substantial momentum, potentially leading to all-time highs. However, if ETH fails to maintain the $4,000 threshold, it may find support around $3,600 or lower at $3,300, according to the 50-day exponential moving average (EMA) [1].

Meanwhile, XRP has seen growing adoption due to its fast transaction speeds and expanding use cases. Recent updates include LET Mining, which allows users to deploy cloud mining contracts using XRP directly, without converting it to Bitcoin or Dogecoin. These contracts offer fixed daily returns, with some generating up to $2,530 per day. Passive income opportunities are attracting a global audience, with users in Europe, the Americas, Southeast Asia, and the Middle East benefiting from XRP’s utility-driven growth [1].

BlockDAG’s 10 BTC Auction adds an additional layer of excitement to its presale. Participants who purchase tokens before the August 11 deadline are automatically entered into the draw, with larger purchases increasing the chances of winning Bitcoin. This has created a sense of urgency as the deadline approaches, with traders aiming to maximize their chances of securing part of the prize pool. The auction mechanism is part of a broader strategy to drive volume and engagement ahead of the official launch [1].

In support of transparency, BlockDAG has launched its Dashboard V4, which provides real-time charts, live order book data, and referral tracking. Gamified features, including leaderboards and bonus calculators, enhance user engagement. The X1 and X10 Live Demo further showcase the platform’s capabilities, with the X10 miner capable of generating up to 200 BDAG per day, while the X1 app generates 20 BDAG daily [1].

BlockDAG’s ecosystem is expanding through strategic partnerships, including collaborations with the Seattle Seawolves and Seattle Orcas, integrating NFTs, fan tokens, and interactive content. With more than 20 confirmed exchange listings and over 2.5 million users on the X1 app, BlockDAG is operating as a live, functional ecosystem. Its hybrid blockchain-DAG architecture positions it as a scalable and high-performance network [1].

The convergence of Ethereum’s rally, XRP’s adoption, and BlockDAG’s presale and auction has created a compelling narrative for investors and traders. As the August 11 deadline approaches, BlockDAG offers a limited-time opportunity to enter at $0.0016 before the price increases significantly. With Ethereum nearing a potential breakout and XRP expanding its utility, the crypto market remains dynamic and promising [1].

Source: [1] BlockDAG’s GLOBAL LAUNCH Release And 10 BTC Auction Hit Peak Interest Amid Ethereum And XRP Rallies (https://coinmarketcap.com/community/articles/68995dd51f38760f9eb40572/)