Competition among major cryptoassets continues, with notable price moves and project updates across several tokens. Ethena (ENA) has recently traded around the $1.18 area discussed by some market commentators after a sharp move since July, while Internet Computer (ICP) has steadied after recent swings, with traders watching nearby support and resistance levels.
BlockDAG (BDAG) has also been a topic of discussion ahead of its planned market debut. The project reports $374.5 million raised in a token sale and has published demonstrations of its X1 and X10 mining products. It also says more than 2.5 million users have accessed the X1 mobile miner and that it has 20 exchange listings planned. Below is a summary of the latest levels cited for ENA and ICP, and the project-reported updates shared by BlockDAG.
Ethena (ENA) Sets Sights on $1.18 After Big Run
Ethena (ENA) has been trading near the $0.75 area after moving from roughly $0.25 to around $0.80 since early July. Some analysts have pointed to $1.02 and $1.18 as potential levels to watch if the uptrend continues, while noting that technical indicators such as RSI, MACD, and moving-average signals can change quickly in volatile markets.
Market observers also cite on-chain and usage metrics when discussing ENA, including Ethena’s reported total value locked of over $10.5B and the market capitalization ranking of its synthetic stablecoin, USDe. Additional figures referenced in market commentary include concentration among larger holders, daily trading volume, and the project’s stated cross-chain expansion via LayerZero.
Ethena has also discussed changes such as a potential “fee switch.” Any price outcomes remain uncertain, and exchange inflows or broader market moves can contribute to volatility.
ICP Holds Support in Bid for Recovery
Internet Computer Protocol (ICP) has traded between $5.29 and $5.63 in the past 24 hours, with buying activity noted around the $5.32–$5.35 zone. This coincided with a rebound from $5.37 to $5.52, with reported volume at 976,480.
Earlier, selling pushed ICP to $5.29 before buying near support stabilized prices. Gains were capped at $5.63 before a dip to $5.43, followed by a mild recovery. The chart levels highlighted by traders include support around $5.32–$5.35 and resistance near $5.63; whether either level holds depends on market conditions.
BlockDAG: $374.5M Raised, X1 & X10 Demo, and 20 Listings Confirmed
BlockDAG says it has raised $374.5 million through an ongoing token sale. The project also references a “Batch 29” price of $0.0276 and a planned launch price of $0.05; however, listing prices and post-launch trading are not guaranteed and can differ from project materials.
The team has showcased its mining products in a live demonstration, including the X1 mobile app and the X10 miner. According to the project, the X1 app has more than 2.5 million active users. It also states the X10 is designed to be plug-and-play and can connect via Wi‑Fi, Bluetooth, or Ethernet; the project’s materials include an estimate of up to 200 BDAG per day under stated conditions, which is not independently verified and may vary.
BlockDAG also cites partnerships with the Seattle Seawolves and Seattle Orcas, including plans involving fan tokens, NFT-based access, and in-venue activations.
The project further claims it has secured 20 exchange listings ahead of launch. Details of listing arrangements, timing, and liquidity conditions have not been independently confirmed.
Overall, BlockDAG’s updates focus on fundraising progress, product demonstrations, and stated go-to-market plans for 2025.
Final Takeaway
ENA and ICP continue to attract attention as traders watch nearby support and resistance levels. As with most cryptoassets, short-term moves can be driven by broader market sentiment and liquidity.
BlockDAG, meanwhile, has shared a set of project-reported figures and milestones ahead of launch, including total fundraising, token-sale pricing references, user counts for its mobile miner, and planned exchange listings. These claims should be treated as project statements unless independently verified.
Website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
