BlockDAG Raises $5M in 48 Hours as Testnet Validates Potential; AVAX Eyes $30 ETF Rally, XRP Slips Below $2

As XRP struggles with rising supply and AVAX eyes gains from ETF speculation, BlockDAG's $5M surge in 24 hours and live Testnet position BDAG as the leading Layer 1 coin.

BlockDAG, a hybrid DAG + PoW chain, has reportedly raised $5 million in just 48 hours following Keynote 3, bringing its presale total above $210 million. The project is also seeing strong progress with its Beta Testnet, which has already processed over 1.2 million transactions and supports dApp development, token creation, and DeFi protocols.

As BlockDAG pushes toward the mainnet launch, its progress is unfolding rapidly in a market where AVAX is being closely watched for ETF approval and XRP faces struggles with rising supply.

Avalanche Price Analysis: AVA Edges Closer To $20 As Nasdaq Files For Spot AVAX ETF

Avalanche (AVAX) is approaching the $20 mark after a 7% daily decrease, remaining in a holding pattern despite the broader market's volatility. However, a recent filing from Nasdaq for Canary Capital's AVAX ETF could drastically alter Avalanche's outlook.

If approved by the SEC, this move would grant institutions access to invest in Avalanche directly, potentially unlocking significant institutional inflows and paving the way for a price rally towards $30.

Technically, AVAX is testing the 50-day simple moving average at $19.74. Holding this level could trigger a rebound towards $23 or higher. But if the support fails, we might see a drop to $18 before any recovery attempt.

Avalanche's future direction depends on regulatory outcomes and how markets respond. Until then, it seems to be in a holding pattern despite having covered development fundamentals.

XRP Price Analysis: Xrp Drops Below $2 As Whales Remain Quiet

XRP is struggling to build any upward momentum despite the recent legal victories. The token is set to drop below $2 after a 7% decrease and no interest from major whales.

While the price action remains critical, the lack of demand from large investors and persistent selling pressure from exchange traders keep the market in a pessimistic mood.

What's more, Ripple's monthly escrow releases continue to expand the circulating supply—increasing from 54 billion to 58 billion in just one year. This imbalance between supply and demand is putting more pressure on the price.

If the $1.96 support breaks, a Head and Shoulders pattern may play out, pointing to a decline toward $1.35. Overall, the market remains cautious until clear signals emerge.

BlockDAG Reaches Milestone: $5M Raised In 48 Hours As Testnet Hits 1.2M Transactions

In stark contrast to XRP's struggles and AVAX awaiting ETF approval, BlockDAG is advancing through tangible progress. After Keynote 3, the project raised more than $5 million in just 48 hours, pushing its presale total above $210 million.

Priced at $0.0248 in Batch 27, BDAG is seeing increased demand—fueled by consistently delivering what was promised, not just anticipation. The Beta Testnet is live, already handling over 1.2 million transactions.

It supports dApp development, a token creation wizard, and a detailed block explorer—not future plans, but operational today. And that’s only part of the story. The project’s direction is clearly laid out. The mainnet will launch with staking, lending, DeFi tools, governance systems, and multi-chain bridges already built in.

That means users can interact with the network from day one—no waiting for post-launch updates. Exchange listings on 10+ platforms are also confirmed, further supporting liquidity and access.

Also, BlockDAG's hybrid DAG + PoW design merges speed, scalability, and security—all without compromising decentralization.

CEO Antony Turner summed it up during Keynote 3: “What you’ll see today has been months in the making—a leap forward in decentralization, security, and scalability.” This direction, combined with technical performance and global visibility, is reshaping how Layer 1 chains launch and scale.

The post BlockDAG Raises $5M in 48 Hours as Testnet Validates Potential; AVAX Eyes $30 ETF Rally, XRP Slips Below $2 appeared first on Coindoo.