BlockDAG's 1,000+ dApp Vision Could Redefine Layer 1 Utility

Keynote 3 revealed its aim to support over 1,000 dApps by 2026. This isn't a future promise—it's a build-in-progress powered by a live Beta Testnet, EVM and WASM compatibility

Still reeling from a steep 64% correction since January, SUI has been regaining momentum rapidly. In two weeks of trading above key technical markers and RSI levels above 50, the price has encountered strong resistance at $2.45.

This breakout pushes the narrative toward the next level of resistance at $3.25. At this level, we notice a 0.382 Fibonacci retracement from the January high of $5.37 and a longer-term resistance zone.

If the bulls manage to overcome $2.45 and sustain the uptrend, the next target could be around $3.25 to $3.65. However, the crucial factor will be the strength of the buyers to hold the bid throughout April.

As the MACD indicator turns positive and the RSI crosses the 50 level for the first time in months, it signals a shift in technical momentum.

Moreover, the price action has sliced through a steeper descending trendline and a key resistance at $2.45, which could be pivotal for the next stage of the uptrend.

Recently, SUI has been gaining attention due to several catalysts. Notably, Canary Capital's announced plans to file for an SUI ETF sparked interest in the token.

Furthermore, the SUI Overflow Hackathon, showcasing developers' creativity in building new use cases on the SUI network, is another factor that could sustain the token's recovery.

HBAR Price Aims For 144% Shot As Double Bottom Forms - Is 0.382 Fib Key For Next Move?

HBAR price is showing promising signs of a breakout as it forms a classic Double Bottom pattern on the daily chart. With the next resistance at $0.1968, a breakout could propel HBAR towards $0.40, potentially reaching $0.504—marking a 144% surge from current levels.

The bullish setup is evident in technical indicators. The Relative Strength Index (RSI) is steadily approaching the neutral 50 level from the lower boundary of 40, indicating decreasing bearish pressure.

Additionally, the MACD indicator shows a fresh bullish crossover, suggesting a potential shift in momentum from bearish to bullish.

Furthermore, HBAR's Open Interest has witnessed a 5% increment in a single day, now standing at $101.8 million—highlighting increased participation in the market.

On-chain data from CoinGlass reveals interesting trends. HBAR has seen a surge in trading volume, accompanied by a shift from net sellers to net buyers. This pattern suggests a build-up of strength among traders as they accumulate more HBAR tokens.

In other developments, Hedera announced the development of its USD1 stablecoin, which is currently in the final stages of preparation for launch.

Moreover, in another significant step towards global financial integration, Hedera is testing integration with the SWIFT network. This initiative aims to facilitate seamless cross-border payments and financial transactions.

As the world’s leading open-source blockchain, Hedera is powered by the HBAR token, which serves as the primary means of paying for network services and securing the ledger.

The role of dApps in the future of Layer 1s is becoming increasingly critical. As projects like BlockDAG focus on supporting 1,000+ dApps by 2026, it showcases an overarching vision for blockchain adoption.

BlockDAG is making substantial progress towards its goal of supporting over 1,000 decentralized applications (dApps) by 2026. This vision, unveiled at Keynote 3, is taking shape rapidly.

The project's commitment to a live Beta Testnet, completed in March, showcases its technical capabilities. Deployers can now seamlessly add their dApps with low latency and high throughput, facilitated by EVM and WASM compatibility.

Moreover, BlockDAG provides comprehensive developer tools. The Token & NFT Wizard simplifies the creation of diverse assets, while the BlockDAG SDK empowers efficient development across various chains.

Attracting talent is also a priority, with a new initiative offering grants to promising projects. These initiatives are crucial for building a vibrant ecosystem.

The project has already raised an impressive $209.5 million in presale funds, with 19 billion coins sold at a price of $0.0248 in Batch 27. This level of funding showcases the confidence in BlockDAG's vision.

Its strategy is focused on providing the best tools to attract maximal utility. With a vision to support 1,000+ dApps by 2026, BlockDAG aims to create a self-sustaining blockchain economy.

The initiative has strong momentum, boasting a rapidly growing community on Telegram and Discord, where members stay informed about the latest developments.

Those interested in learning more about BlockDAG can visit the official website and join the community channels for the latest updates