The post HBAR’s Volume Growth, BCH’s Market Rally, & BlockDAG’s $20 Outlook Which Crypto Has More Potential? appeared on BitcoinEthereumNews.com.

The crypto market is undergoing significant changes, highlighted by unparalleled price increases and key technological advancements. Cryptocurrencies like Hedera, Bitcoin Cash, and BlockDAG are at the forefront of this transformation. Hedera (HBAR) has seen a substantial increase in trading volume, despite being technically overbought, while Bitcoin Cash (BCH) shows renewed optimism, surpassing its previous downturn and setting its sights on new highs. Meanwhile, BlockDAG (BDAG) is progressing steadily, driven by an ongoing Mainnet development audit and an upgrade to the Keccak-256 algorithm. The presale for the network has garnered over $160 million, with speculation about a possible exchange listing after its launch. Currently, BDAG is priced at $0.0234 per coin in its 26th presale batch, with a projection to hit $20 by 2027. Hedera’s Trading Volume Reaches $6.31 Billion Hedera’s trading activity has hit a record high of $6.31 billion, indicating a surge in market interest. This rise has propelled HBAR’s price to $0.39, backed by positive momentum and a 0.0651% Open Interest Weighted Funding Rate. The growth in both spot and derivatives markets underscores a boost in market confidence. Reports indicate a $12.47 billion market cap and a 24-hour trading volume of $6.78 billion for HBAR, confirming its strong market presence. However, an RSI of 88.76 points to overbought conditions, which may suggest upcoming price adjustments. Nonetheless, Hedera’s trading data demonstrates its robustness and potential, with a target price of $0.50. Bitcoin Cash Surpasses Critical Resistance Bitcoin Cash has emerged from its downturn, surpassing the $600 mark for the first time since April. This upward trend positions BCH in the later stages of a bullish wave, challenging important resistance near the 3.618 Fibonacci extension at $623. Although the rally’s strong momentum is evident, an overbought RSI warns that the increase might near its peak, possibly leading to a price…

---

Filed under: News - @ December 10, 2024 10:28 pm