Home web3.0 Despite the speed of market rewards, every coin will eventually encounter pressure and cannot be ignored.

Despite the speed of market rewards, every coin will eventually encounter pressure and cannot be ignored.

Apr 21, 2025 pm 01:18 PM
tool cryptocurrency Ethereum

The crypto market is changing with opportunities and risks coexisting, and every cryptocurrency is facing tremendous pressure. This article will analyze the current situation of three cryptocurrencies: Sui, Ethereum and BlockDag, and explore the reasons and future trends behind their price fluctuations.

Despite the speed of market rewards, every coin will eventually encounter pressure and cannot be ignored.

Sui: Prices are under pressure, future trends are unknown

Sui's price trend shows a classic head and shoulder reversal pattern, and the current price hovers around $2.22, down 8.73% from the neckline of $2.52. In the past 24 hours, nearly US$1.92 million long positions have been closed, and shorts have dominated. Although the MACD indicator bent slightly upward, the volume was insufficient, with support at $2.16 and $1.42 respectively. Unless the bulls break through the $2.52 resistance level, Sui prices still have a risk of falling in the short term.

Ethereum: Prices fall, inflation concerns rise again

ETH price continued to fall, falling to $1,801.6 today, down 16% this month, down more than 60% from the historical high. Internet activity weakened, Gas fees hit a record low, ETH burn rate fell, resulting in an increase in total supply and inflation concerns rekindled. Although the Dencun upgrade reduces DAPP costs, it weakens Ethereum's deflation expectations. The upcoming Pectra upgrade may ease this, but without strong volume growth, the downward trend of ETH price may be difficult to reverse.

BlockDag: Backend construction drives high returns

Unlike Sui and ETH, BlockDag's return on investment (ROI) is impressive. In 27 rounds of pre-sales, the price rose from $0.001 to $0.0248, an increase of nearly 2380%. More than US$212.5 million have been raised, 19.1 billion BDAG tokens have been sold, and risk-free investment participation. BlockDag has built an operating network, the Beta test network has been launched, and the codeless token tool has been put into use, with more than 1 million users participating in mining. Future price targets are expected to reach $20 in 2027 and $30 in 2030. BlockDag's success is due to its strong technical support and active developer ecosystem. More than 200 DAPPs are under development, with 10,000 developers participating.

Summarize:

Sui is facing pressure to fall in price, Ethereum is affected by technical factors and inflation concerns, and BlockDag has shown huge investment potential with its back-end construction and active ecological development. Investors should carefully evaluate risks and make investment decisions based on their own situation.

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