Crypto investors are closely monitoring the actions of Solana, Ondo, and BlockDAG as September unfolds. Some projects demonstrate institutional interest while others face regulatory challenges.
Solana Faces Pressure from ETF Delays
Solana remains a major player in the crypto ranks, but its short-term prospects have worsened due to regulatory developments. Recently, the price of SOL has declined to around $199 after a nearly 29% rally over the last 60 days. This drop is largely attributed to the U.S. Securities and Exchange Commission (SEC) delaying its review of multiple Solana ETF applications until mid-October.
Despite the bullish sentiment initially sparked by VanEck and Grayscale filings, the delay has dampened market enthusiasm. Nonetheless, analysts maintain a moderately positive forecast, predicting that Solana will hold above $200 in the near term.
Ondo Aims for Breakout with Tokenized Assets
Ondo Finance has carved a niche as a leader in real-world asset tokenization, and the recent performance of ONDO supports this narrative. Currently trading around $0.91, the token has rebounded from $0.85 support and shows bullish signals. Technical indicators reveal potential bullish trends, including a buy signal on the MACD.
A key driver for ONDO will be the launch of over 100 tokenized stocks and ETFs this week. This initiative builds on Ondo's existing U.S. Treasuries tokenization platform, which has issued over $1 billion on Ethereum.
BlockDAG Whale Activity and Deployment Readiness
BlockDAG is capturing market attention with its active project implementation. Its upcoming deployment event is designed to showcase the capabilities of its hybrid blockchain and DAG-powered system, capable of processing between 2,000 and 15,000 transactions per second.
During the presale, more than $396 million was raised, with Batch 30 priced at $0.0013 and a $0.05 launch price confirmed.
Solana faces short-term challenges from ETF delays, while Ondo is pushing for a breakout with its tokenized assets. However, BlockDAG stands out with whale activity and demonstrable foundation. With raised funds and deployment plans, BlockDAG establishes strong market positions.
