Massive Rush To Secure BlockDAG Post Historic Keynote 3 — ETH Exhibits Downward Trend & XRP Price Neutral

Ethereum (ETH) price analysis reveals a downward trajectory, with chart patterns and on-chain metrics suggesting a continuation of the current downtrend.

The current Ethereum (ETH) price analysis suggests a possible decline below the critical $2,000 mark, signaled by a bear flag pattern on the daily chart, which could continue the downtrend to $1,230.

On-chain metrics, such as decreased network activity and historically low transaction fees, indicate a diminished demand for Ethereum-based services. Moreover, with the reintroduction of ETH supply inflation post-Merge, the deflationary trend appears reversed. Although some analysts, like Ben Armstrong, highlight Ethereum's long-term potential, the immediate technical indicators and reduced usage metrics present a negative short-term outlook. Another Ethereum (ETH) price analysis suggests a bearish trend unless there is a strong recovery above essential resistance levels.

The lengthy legal dispute between Ripple and the U.S. Securities and Exchange Commission has finally come to an end, with both sides withdrawing their appeals. This development marks the closure of a notable regulatory saga, but it had little impact on the XRP price, which is currently trading at $2.44 and has remained relatively stable today. The token has seen a 7% increase over the past week.

According to IQ Option, analysts anticipated the likely resolution of the case, curbing any significant rally. The settlement includes no acknowledgment of fault and maintains a partial penalty by the SEC, pending final judicial and regulatory approvals.

The latest installment of BlockDAG's "Keynote" series continues to roll out in anticipation of the highly anticipated launch of the mainnet, which is expected in 2025.

In this installment, the project highlights a remarkable feat: securing over $208 million in less than 10 months without any venture capital support.

This achievement is especially noteworthy considering that many well-known crypto projects are largely funded by institutional backers. However, BlockDAG's financial journey has unfolded differently, relying instead on the broad-based support of the crypto community. This fact enhances the project's long-term reputation, showcasing its widespread appeal and the collective belief in its promise.

The presentation also provides insights into how these funds are being allocated, with the majority directed toward developing BlockDAG's core protocol and technology. This focused investment enables the project to move quickly and independently, unburdened by typical setbacks like stalled funding or investor-imposed setbacks.

A key aspect of this strategy involves bolstering the mainnet infrastructure to ensure optimal scalability and performance. To optimize its global outreach, BlockDAG is actively expanding its team and forging strategic partnerships. Recent additions include expanding its elite football partnerships with Inter Milan and securing the commitment of UFC champion Alex Pereira.

This initiative underscores the project's ambition to become a household name and a dominant force in the cryptocurrency landscape.

Sales of BDAG coins have soared to 18.9 billion, while the coin's price has skyrocketed by 2,380% from its initial offering price, now priced at $0.0248 in its 27th batch.

This organic surge and transparent progress have propelled BlockDAG to the forefront of leading crypto discussions, with mainstream media outlets now covering the project's rapid ascent.

As the project nears its $600 million goal and continues to attract significant attention without showing signs of slowing down, it will be interesting to observe how this develops further.

This installment of the "Keynote" series concludes with a poignant message that encapsulates the spirit of BlockDAG's journey: "We started small, but together, we're going big."

Presale: https://purchase.blockdag.network

Website: https://blockdag.net

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu