The post Massive Mining Adoption: Over 16,200 BlockDAG Mining Rigs Sold as Ethereum’s Price Drops & BNB Faces Resistance appeared on BitcoinEthereumNews.com.

The crypto market is in full swing—who’s making gains and who’s taking losses? The recent Ethereum price drop has led to significant liquidations, introducing new uncertainties. Meanwhile, the Binance Coin (BNB) price action is also unstable, facing difficulty in overcoming resistance and remaining indecisive. While traders are analyzing graphs, miners are gearing up for future gains. BlockDAG (BDAG) mining rigs are seeing robust sales, with over 16,200 units sold. These rigs, known as some of the best crypto miners, offer reduced energy use and enhanced profitability, making mining BDAG coins more viable, particularly as traditional mining systems are critiqued for their energy consumption.  With a 2,380% increase in BDAG’s price since its first presale, it’s obvious why many view BlockDAG as the premier crypto to mine. Ethereum Price Drop Raises Many Questions The latest Ethereum price drop has surprised traders, especially following recent market fluctuations. This Ethereum price drop is believed to be due to negative market feelings and increased selling activity. Current trade uncertainties have also led to doubts during this Ethereum price drop. Furthermore, extensive liquidations have intensified the downturn, magnifying its effect. This Ethereum price drop has prompted analysts to wonder whether more decreases are on the horizon or if a rebound might occur soon. Traders are wary of potential macroeconomic factors and abrupt changes that could influence future prices. Binance Coin (BNB) Price Action Faces Uncertainty Currently, the Binance Coin (BNB) price action is erratic as the coin tests significant support levels near $640. Observers point out that this Binance Coin (BNB) price action has had trouble breaking through the $700 resistance level, indicating potent selling pressure at that mark. Funding rates have turned negative, reflecting a cautious outlook among leveraged traders. Some predict a possible short squeeze if BNB’s price action stabilizes, which could force…

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Filed under: News - @ March 5, 2025 4:13 am