While many in the market remain cautious, Monero (XMR) is making strides with bullish price movements, and IOTA is prepping for a pivotal reversal with an upcoming significant upgrade. Amid these developments, BlockDAG (BDAG) captures the spotlight within the developer community.
Launched in collaboration with HackerEarth, this global hackathon series is drawing in thousands of developers, setting a robust foundation for a surge in decentralized application (dApp) development. As BDAG progresses towards its $600 million presale target, the expanding developer ecosystem solidifies its status as a formidable layer 1 cryptocurrency. Together, XMR, IOTA, and BlockDAG are key players to watch in the crypto space.
XMR Anticipates a Rise to $300 After Surpassing Key Resistance
Monero’s (XMR) price has recently escalated, posting a 13% increase over the past week and a 12% gain year-to-date, marking it as one of the few cryptos to achieve a positive return in 2025. Currently priced at $218, XMR is mirroring patterns that preceded its 2021 surge. Analysts predict that if these patterns persist, XMR could quickly climb towards $235 and potentially $263.
This optimistic outlook is supported by increasing trading volumes and favorable metrics on the Bull Bear Power indicator. Although XMR may encounter resistance, historical and on-chain data indicate the potential for further gains, with the $300 level as a possible near-term target.
IOTA Price Looks to Rally with Upcoming Upgrade
Throughout the year, the price of the IOTA coin has been declining, yet a falling-wedge pattern suggests a potential upward break as the Rebased upgrade nears, aiming to introduce full decentralization and MOVE-based smart contracts, enhancing transaction throughput. Presently near its multi-month lows, the IOTA price is challenging the wedge’s resistance, and breaking through could propel it towards the $0.35 mark seen earlier in the year.
With rumors suggesting the upgrade could launch as early as next week, traders are optimistic about a price increase based solely on anticipation. However, if IOTA fails to breach the resistance, the price may linger near the $0.20 support as the market seeks more definitive signals.
BlockDAG & HackerEarth Initiate Worldwide Developer Festival
BlockDAG is intensifying its development initiatives with a global hackathon series in partnership with HackerEarth. This initiative merges virtual challenges with live events, inviting developers globally to participate. The aim is to attract thousands of developers, flood the network with new dApps, and establish BDAG’s position among the top execution layers.
The ambition is to transform BlockDAG into a hub for developers. Already, over 10,000 developers have participated, developing over 200 dApps across various sectors such as DeFi, gaming, and smart contracts. Winning projects will receive BDAG coins, mentorship, and expedited access to grants, potentially bringing early-stage ideas to full fruition.
BDAG stakeholders are closely monitoring all developments. The cryptocurrency presale has already amassed over $215.3 million and sold 19.2 billion coins, with each coin priced at $0.0248 in its 27th batch. Early supporters are enjoying a staggering 2,380% ROI, and the excitement continues to build as BDAG moves closer to its $600 million goal.
This hackathon is more than just a coding contest—it’s a sign of growing momentum for a network that, although still in its presale phase, is already attracting significant attention in the crypto world. As new developers join and testing progresses, BlockDAG’s role in the Layer 1 discussion is increasingly evident.
Multiple Paths, One Objective: Growth with Prudence
Monero is steadfast, pushing towards heights last seen during its previous major rally, while IOTA draws speculative interest as it nears a network upgrade. Both projects are maintaining their courses effectively, but the focus is shifting towards platforms driven by developers—and here, BlockDAG continues to excel. As a rising star in the layer 1 space, BlockDAG is not just gathering funds; it’s assembling a powerhouse of talent.
The HackerEarth-supported hackathon series is spurring growth in dApp development even as the project remains in the presale phase. Early backers have already witnessed a 2,380% ROI, and with the presale surpassing $215.3 million, observers on the sidelines might want to reconsider before BDAG’s next price surge.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a paid post and should not be treated as news/advice. LiveBitcoinNews is not responsible for any loss or damage resulting from the content, products, or services referenced in this press release.
