Big transactions, price momentum, and real user testing are drawing eyes to three major projects.

Dogecoin (DOGE) has seen nearly $640 million worth of large purchases within two days, sparking renewed interest thanks to rumors of an ETF and possible X platform support.

In the dynamic world of cryptocurrency, where new projects are constantly emerging and major projects are closely followed for any signs of movement, three projects have come into the spotlight for different reasons.

One project that has seen a surge in interest is Dogecoin (DOGE), which saw nearly $640 million worth of large purchases of 1.83 billion DOGE over two days.

One project that has seen a surge in interest is Dogecoin (DOGE), which saw nearly $640 million worth of large purchases of 1.83 billion DOGE over two days.

Despite a drop from recent highs above $0.26, the coin has remained in a strong range between $0.15 and $0.20 for the past six months. Currently trading at $0.16, it’s still far from the previous peak, reached in August 2023, but shows signs of interest returning after a period of consolidation.

If the buyers maintain momentum and push past the 200-day moving average, then a continuation toward $0.48 seems possible. Otherwise, a return to the lower boundary of the long-term range, around $0.11, could occur.

In terms of derivatives, the total open interest has increased by 463% to $43.6 million, while trading volume in options rose 387% to $39 million in the past week. The 200-day moving average remains above at $0.25, providing an overhead point of resistance. The Relative Strength Index (RSI) stands at 45.5, indicating a more neutral trend.

On the institutional side, 21Shares has partnered with the Dogecoin Foundation to launch a DOGE ETP in Europe, offering institutional investors direct exposure to the coin. Meanwhile, in the U.S., firms are awaiting regulatory approval for ETFs, with reports suggesting that a decision could come as early as October.

Another project that is gaining attention is TRON (TRX), known for its stablecoin and blockchain project. TRON has been showing bullish behavior with steady growth, especially after breaking past the $0.21 zone, which acted as strong support.

Following a period of consolidation between $0.21 and $0.25, TRON’s price is now nearing a breakout after passing the $0.25 resistance. Over the last four days, TRX has grown almost 9%, showing resilience. Last week alone saw a 11% gain as TRX climbed from $0.23 to $0.25. It now trades at $0.2565, showing a modest 0.83% rise in the past 24 hours.

Looking at the on-chain activity, there has been a noticeable increase in Total Value Locked (TVL), which indicates stronger activity and trust in the network. As TRON continues to develop its ecosystem and attract more users, we can expect to see further gains in TVL, which could help boost expectations of TRX moving closer to the $0.40 mark if current patterns hold.

Investors will be closely tracking TRON’s performance over the next few sessions to see if it can maintain its pace and break out further. If the buying pressure lessens, then a return to the lower levels of support around $0.18 to $0.21 could occur. However, with strong on-chain activity and a breakout in progress, TRX seems to have more potential for upward movement.

Finally, we have BlockDAG, which has been busy developing its platform and recently launched the Beta Testnet of its mainnet. Unlike some projects that focus on hype and promises, BlockDAG has taken a different approach.

Having already raised over $215 million in presale funds and sold 19.2 billion coins, BlockDAG is now in batch 27 of its presale, with the current price at $0.0248. This marks a 2,380% gain since batch one of the presale began earlier this year.

Instead of focusing on small gains, BlockDAG has managed to keep the momentum going by offering useful tools and allowing users to interact directly with the system.

At this stage of the project, people who join aren’t simply investing in a token that has no clear use cases or utility. Instead, they are becoming part of the project’s progress. The beta release provides early access and allows the community to provide feedback, which will help shape future releases of the mainnet.

This move permits a deeper analysis of the system and its potential applications in areas like NFTs, dApps, and smart contracts. It also allows developers and users to test the system in real time, making the technology more accessible and usable.