As crypto markets once again challenge confidence and direction, a clearer picture is starting to emerge. Ethereum appeared ready to break out, pushing above key levels, but quickly reversed course and left latecomers caught in a false rally. The signal was loud, but the follow-through was weak.
Hyperliquid made headlines with a 12% gain, riding a wave of interest in decentralized derivatives. The project is building momentum, but questions remain about whether it can sustain growth in a crowded field.
In contrast, BlockDAG (BDAG) is not just trending; it is delivering. With over $303 million raised and more than 22.4 billion coins sold, the project is showing tangible results and climbing quickly to the top of crypto watchlists.
Ethereum Bull Trap Shakes Market Confidence
Ethereum’s recent price move above $2,700 had traders expecting a breakout, but the optimism was short-lived. According to BitcoinSensus, the setup was a textbook bull trap. Many retail buyers were caught in long positions before the price quickly reversed, dropping below key support and leaving momentum in question.
This pullback has sparked fresh concerns about market manipulation, with large players possibly targeting inexperienced traders. Although Ethereum remains central to DeFi and Layer-2 ecosystems, the technical picture looks shaky. Unless ETH reclaims the $3,000 level with strength, volatility is likely to remain the dominant theme in the short term.
Hyperliquid Rallies 12% as On-Chain Trading Picks Up
Hyperliquid (HYPE) jumped 12% this week, gaining attention for more than just market sentiment. As reported by Coinspeaker, the project is benefiting from real usage, especially in decentralized derivatives trading. Its platform allows users to trade perpetual futures on-chain, offering a compelling alternative to giants like Binance.
User adoption is steadily climbing, and trading volume is reflecting that momentum. HYPE’s clean interface and efficient execution are making it a standout among DeFi tools. Still, it must prove that this surge is more than a short-term spike if it wants to remain a long-term contender.
BlockDAG Gains Steam With $303M Raised and 1.5M Users on X1 App
While Ethereum faces hesitation and HYPE remains a focused niche play, BlockDAG is making strides with real numbers and growing traction. The project has raised over $303 million in its ongoing presale, selling more than 22.4 billion coins to date. Priced at $0.0276 in Batch 29, BlockDAG is standing out as one of the most talked-about early-stage cryptos in 2025.
Unlike many presale projects that rely on future promises, BlockDAG has already launched its X1 mobile mining app. This app allows anyone to mine BDAG coins from their smartphone, requiring no special hardware or upfront setup. With over 1.5 million users across 150 countries, the app is driving adoption before the coin even hits exchanges.
Adding to the momentum is BlockDAG’s growing cultural presence. Rumors of a US-based sponsorship have sparked widespread speculation, bringing the project into mainstream discussion. While no official partnership has been confirmed, the buzz highlights BlockDAG’s ambition to build beyond crypto circles.
The fundamentals are lining up. With $303 million raised, 17,900 ASIC miners sold, and a working product already in the hands of users, BlockDAG is not just preparing to launch; it is already operating. The combination of utility, reach, and visibility is turning early attention into long-term conviction.
Moving Ahead
In a market full of noise, the projects gaining real traction are the ones offering transparency and substance. Ethereum’s recent bull trap highlights how quickly sentiment can turn, and while HYPE’s 12% rise is notable, questions around long-term strength remain open.
BlockDAG stands apart with nearly $303 million raised, over 1.5 million users, and growing cultural reach through sponsorships. It is not just another presale project; it is a functional ecosystem already showing results. For those looking beyond the hype, the opportunity is clear, and the clock may be ticking on this early entry window.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Press releases or guest posts published by Crypto Economy have been submitted by companies or their representatives. Crypto Economy is not part of any of these agencies, projects or platforms. At Crypto Economy we do not give investment advice, if you are going to invest in any of the promoted projects you should do your own research.
