Bonk has soared 38% this week, fueled by clear accumulation from both retail traders and institutional wallets. Price analysis confirms a bullish bias, supported by steady inflows into private holdings and positive derivative metrics. However, the rally faces near-term technical hurdles, with resistance levels still in play. In contrast, Tron (TRX) is facing downside pressure. Whale-driven transfers led to a 1.85% price drop and a breach of key support, raising concerns about a prolonged correction.
BlockDAG (BDAG), however, is charting its own course. Unaffected by short-term volatility, the project has now hit a major milestone: the demo of its X1 and X10 miners is now live. This demo brought crypto mining to the mainstream by enabling earnings via a smartphone app or compact hardware. With over $350 million raised and 24.3 billion coins sold, BlockDAG is gaining real traction. Its $0.0016 limited-time entry, active until August 11, positions it as the best crypto coin to buy ahead of what could be its next major move.
Bonk Price Analysis: Derivatives Signal Bullish Sentiment
Bonk (BONK) has surged 38% this week, backed by strong accumulation from both retail and smart money participants. According to the latest Bonk price analysis, spot buyers have transferred $31.44 million worth of BONK into private wallets. Additionally, smart money flows hit $1.78 million, the highest inflow among Solana-based meme tokens. On the derivatives side, traders remain optimistic, with a Funding Rate of 0.0114% indicating sustained bullish pressure.
Technically, BONK appears to be forming a breakout pattern, aiming for $0.00003900. However, two resistance points at $0.00003461 and $0.00003680 remain unbroken, presenting near-term hurdles. Despite the accumulation, broader market behavior hints at ongoing distribution, with 31.88 trillion BONK transacted in just 24 hours. Whether the asset can sustain gains depends heavily on how quickly the prevailing selling pressure abates.
Tron (TRX) Price Drop: Traders Brace for More Losses
Tron (TRX) has come under pressure after a sizable whale transaction signaled potential downside. A single wallet unloaded 150 million TRX (worth $48.66M) to HTX, which in turn transferred 100 million TRX to Binance. This triggered a 1.85% decline in TRX’s value, coupled with a 45% drop in trading volume, raising concerns of extended sell pressure.
TRX broke below the crucial $0.323 support level, opening the door to a possible retracement toward $0.2965, roughly 7% lower. The RSI has yet to reach oversold territory, and short positions are beginning to outweigh long ones. Although some tokens are being pulled from exchanges, overall sentiment remains negative. Without a strong reversal in momentum, TRX could face continued downside in the immediate term.
BlockDAG’s Miners Demo: Breaking Down the Barriers to Easy Crypto Mining
BlockDAG has showcased a major leap forward in crypto mining with its X1 and X10 miner demo. These products are designed to eliminate the typical barriers to entry, replacing costly, technical mining setups with accessible tools. The X1 mobile app allows users to mine up to 20 BDAG daily from their smartphones, while the X10 device offers up to 200 BDAG per day with compact, plug-and-play hardware.
This demo drew attention not just for its innovation but also because of BlockDAG’s exceptional presale performance. The project has already raised over $350 million, with more than 24.3 billion BDAG coins sold. Its current batch 29 pricing sits at $0.0276, a 2,660% jump from its initial rate. Yet, a special $0.0016 entry is still available under the GLOBAL LAUNCH release phase, valid until August 11. This creates a unique entry point for those seeking value before the official market debut.
Visible in the demo, BlockDAG’s combination of technical simplicity and presale success positions it among the best crypto coins to buy today. With broad appeal, low entry costs, and proven demand, this marks a potential turning point for mining accessibility.
In Conclusion
BONK is seeing momentum from high-volume accumulation, but faces resistance amid market-wide distribution. TRX, on the other hand, shows signs of weakness following whale-led sell-offs and a broken support level. Meanwhile, BlockDAG is advancing with tangible milestones, and the X1 and X10 miner demo highlighted its push toward accessible crypto mining.
With $350 million raised and 24.2 billion coins sold, BlockDAG is drawing sustained attention. The 2,660% rise from early batches and limited $0.0016 entry, valid until August 11, make it a compelling opportunity. Its blend of user-friendly tech, strong metrics, and precise timing sets it apart as the best crypto coin to buy right now.
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.
