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Cryptocurrency News Articles

The crypto market remains active, with the potential Dogecoin death cross generating discussions among market participants.

Mar 04, 2025 at 06:00 am

Some anticipate a decline to $0.18 or even $0.13, while others suggest it is a temporary market fluctuation.

The crypto market remains active, with the potential Dogecoin death cross generating discussions among market participants.

The crypto market continues to be active, with the potential Dogecoin death cross generating discussion among market participants. Some anticipate a decline to $0.18 or even $0.13, while others suggest it is a temporary market fluctuation.

The potential for a Cardano price increase is also being observed, particularly as ADA consolidates near $0.76 and aims to overcome the $0.78 resistance. Observers suggest that a successful price increase could initiate a rise towards $1.

However, if the coin fails to maintain support at this level, it could experience a decline.

Despite the optimism surrounding a possible Cardano price increase, there are challenges that could impact the coin's performance.

While DOGE and ADA experience market shifts, BlockDAG (BDAG) advances into mainstream recognition. Its collaboration with Inter Milan attracts attention, contributing to BDAG's presale, which has already seen a remarkable 2,380% increase for early participants.

The potential Dogecoin death cross is a topic of discussion, as DOGE's 23-day moving average approaches a point where it may cross below its 200-day moving average.

According to Benzinga, some market watchers suggest that if the Dogecoin death cross occurs, DOGE could decrease to approximately $0.18, representing a roughly 26% reduction. Alternatively, if the price drops further, it could reach about $0.13, which is an extreme scenario.

Although the Dogecoin death cross is often interpreted as a negative indicator, some analysts, like Tipranks, propose it could be a strategy to mislead short sellers. They contend that the Dogecoin death cross may already be accounted for in market pricing, leading to a potential price increase after the crossover.

Some suggest that the price decrease could continue, but ultimately, the Dogecoin death cross is a topic of discussion and speculation among traders.

Traders Monitor Potential Dogecoin Death Cross

The potential for a Cardano price increase is being observed by market participants, particularly as ADA consolidates near $0.76 and aims to overcome the $0.78 resistance.

According to Coinلفللفل, if the price manages to break above this level, observers suggest that it could initiate a rise towards $0.9750. However, if the coin fails to maintain support at this level, it could experience a decline.

Those who believe in a possible price increase point to technical analysis, which shows ongoing development with Cardano ranking second in GitHub contributions over the past year. Additionally, while general market sentiment appears slightly negative, informed market sentiment is positive at +0.52, further suggesting a potential price increase.

Analysts identify $0.78 as a key level; a breach above it could establish a rise towards $0.9750. Failure to maintain support could push ADA lower, and there is optimism that a price increase could see ADA reach $1.

Examining BlockDAG's Market Penetration Through Inter Milan Partnership

BlockDAG continues to be mentioned as its partnership with Inter Milan progresses, a deal that has helped to boost the altcoin's status as a strong blockchain option in mainstream circles.

The partnership has also helped to drive the network's presale, which has now passed $200 million, with over 18.7 billion coins sold. Early supporters have seen a 2,380% increase in value, and the coin is currently priced at $0.0248 in batch 27.

This partnership is designed to promote BDAG's mainstream acceptance, encouraging new market participants and sustaining the presale's growth.

The importance of the Inter Milan deal lies in its ability to provide broad exposure. This association with a prominent football club places BlockDAG before a large global audience, giving BDAG a competitive advantage in a market with numerous new crypto projects.

This strategy appears to be working. Observers note that mainstream acceptance is helping to accelerate the platform's growth, which is evident in the increased activity on its social media channels. BlockDAG's Telegram, for instance, has 71.7K members, while X has 108.1K followers, Discord 20.7K, and Instagram 25.4K. This expanded reach supports BDAG's presale and positions the network for continued success as more market participants recognize its potential.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Other articles published on Mar 04, 2025