The crypto market continues to show active movement, with various trends among popular cryptocurrencies. Ethereum shows signs of recovery, PEPE Coin attracts speculation, and BlockDAG demonstrates successful fundraising for its launch.
Ethereum's Recovery
Ethereum (ETH) bore the brunt of the market sell-off in early August, sliding as low as $4,313, wiping $200 billion off crypto’s market cap. However, according to Fundstrat co-founder Tom Lee, the worst may be over. He points to critical technical support at $4,067 as a pivotal line.
Since then, Ethereum has climbed back above $4,430, calming investor nerves. Fundstrat's head of technical strategy, Mark Newton, sees upside toward $5,100–$5,450 if ETH holds this base.
Speculative Buzz Around PEPE Coin
On the other hand, PEPE Coin, once dismissed as just another meme coin, is showing a comeback largely fueled by whale accumulation. Exchange balances are decreasing as large holders pull tokens into private wallets. Some analysts are making bold predictions, suggesting PEPE could surge 40x to $0.00004 if the current momentum holds.
Success of the Upcoming BlockDAG Launch
BlockDAG, in contrast, showcases strong presale performance, raising nearly $400 million with a target of $600 million. With over 200,000 holders and more than 3 million mobile mining users, BlockDAG establishes itself as a noteworthy project set to launch soon.
Currently, Ethereum shows recovery signs, PEPE Coin turns into a subject of speculation, while BlockDAG showcases its unique achievements. These three assets reflect different aspects of the crypto market, highlighting both stability and high risks.
