KAS and GRT Price Recovery Pushed Aside by BlockDAG's Presale Climb to $60M As UFC Icon Alex Pereira Signs as Ambassador

Kaspa and The Graph are navigating volatile spells but show signs of a bullish reversal. While PEPE and INJ also face volatility, predictions indicate bullish potential for both. Amidst these fluctuations, BlockDAG, a layer-1 project, has become a top choice for investors. Its presale has surged to over $60.5 million, driven by growing interest. The recent partnership with UFC champion Alex Pereira has further boosted BlockDAG’s appeal. As Kaspa’s price and GRT’s price recovery draw attention, BlockDAG is positioned as the crypto with the most potential for long-term gains.

Kaspa (KAS) price stability and The Graph (GRT) price recovery from multi-week lows are key market observations. While Kaspa's price remained stable with a 0.4% rise against the U.S. dollar, GRT's price recovery faced challenges due to investors booking profits.

Kaspa (KAS) Price Performance and Market Data

Kaspa (KAS) price showed a 0.4% rise against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on July 17th. This price movement came as a response to a 5.3% increase in Kaspa's value against the U.S. dollar over the past week. In the last 24 hours, Kaspa's trading volume on exchanges was valued at $55.44 million.

Kaspa's market capitalization stood at $4.35 billion, with a circulating supply of 24,211,806,313 coins. One Kaspa coin was priced at around $0.18 or 0.00000275 BTC at the time of this report. The coin's all-time high was $0.24, achieved on April 28th, 2023. Kaspa's all-time low was $0.01, reached during its launch on November 25th, 2021. Kaspa's stability in the market is supported by its active Reddit community and a robust presence on GitHub, where developers can contribute to the project's growth. Investors are keeping a close watch on the Kaspa price for signs of continued growth.

The Graph (GRT) Price Recovery and Market Trends

The Graph (GRT) price recovered from multi-week lows on July 17th, showing a 2.3% increase against the U.S. dollar and a 4.2% rise against Bitcoin. This price performance followed a 76% loss from its all-time high. As GRT's price rose, 26% of participating investors became profitable, putting pressure on the price due to these investors looking to sell their holdings.

GRT's price faced a crucial test at $0.20, as a successful hold of this support could lead to a rally to $0.26, marking the 23.6% Fibonacci Retracement level. If this fails, GRT could drop to $0.16, erasing recent gains. The outcome of these trends will determine GRT's short-term market direction and potential for further recovery.

GRT’s top wallet holders, excluding exchanges, sold around 70 million GRT, which, at the current price, is worth $14 million. This indicates a substantial profit-taking behavior among the major holders. The total supply of GRT is 10 billion coins, and the maximum supply is capped at 10.04 billion. GRT's market capitalization was $4.28 billion at the time of this report.

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