The market opens in November with differing performance across major and newer crypto assets. Ethereum (ETH) and Chainlink (LINK) have shown weaker near-term momentum, while BlockDAG (BDAG) has continued to attract attention amid its ongoing “Value Era,” according to project communications. The project says it has received $86 million in institutional participation, bringing total token-sale proceeds to about $437 million.
According to the project, BDAG is priced at $0.005 in “Batch 32,” and the token sale has recorded over 312,000 holders, with 4.2 billion coins described as remaining. BlockDAG (BDAG) is being discussed as Ethereum trades below $4,000 and Chainlink hovers near $17.
Chainlink (LINK) Technicals Reflect a Neutral Setup
Chainlink trades near $17.37 within a narrow $17.20–$17.40 range, where buyers and sellers appear relatively balanced. The RSI at 42.76 indicates weaker momentum, while the positive MACD histogram may suggest a short-term shift in trend, though such signals are not predictive.
However, LINK remains below its 50-day moving average of $20.35, which can be read as limited medium-term strength. Resistance is cited at $18.52, with a move toward $20.19 possible if the market breaks higher. A decline under $17.20 may bring support near $15.69.
Recent institutional activity has been described by some market trackers as stabilizing rather than accelerating, which can align with a consolidation phase. Chainlink’s fundamentals are widely followed, but its current price action has been relatively muted.
Ethereum’s Retreat Tests Market Faith
Ethereum (ETH) has dropped below $4,000 for the first time in months, raising questions about its near-term strength. Analysts at 10x Research have said ETH could underperform Bitcoin following $550 million in ETF outflows over two weeks, including $118 million reportedly sold by BlackRock in a single day.
Technical signals show a bearish crossover that some traders compare with prior downtrends. Even so, negative funding rates can also coincide with short-covering rallies. Despite these pressures, Ethereum’s network usage has remained a focus for analysts, with record DeFi and stablecoin activity in October often cited as evidence of continued utility.
Sentiment has cooled for some market participants as they evaluate how institutional flows and broader risk appetite may affect short-term price action.
BlockDAG Token Sale Crosses $435 Million With Reported $86 Million Institutional Participation
BlockDAG’s team says its ongoing token sale has raised more than $435 million, with $86 million described as coming from institutional participation. The project also reports a price of $0.005 in “Batch 32.” These figures have not been independently verified in this article.
In project materials, BlockDAG is described as using a hybrid Proof of Work and Directed Acyclic Graph (DAG) approach intended to support parallel transaction confirmation. The team says the “Awakening Testnet” demonstrated speeds exceeding 1,400 transactions per second and compatibility with the Ethereum Virtual Machine, which would allow developers to deploy smart-contract applications using familiar tooling.
The project also reports ecosystem activity metrics, including more than 20,000 “X Series” miners sold and in the process of shipping, and an “X1” mobile miner app with more than 3.5 million active users.
BlockDAG additionally states it has undergone audits by CertiK and Halborn and has “confirmed listings” with MEXC, BitMart, and LBank. As with any early-stage network, independent verification and ongoing monitoring are important when assessing such claims.
Final Outlook
As November begins, Ethereum’s move below $4,000 and Chainlink’s tight trading range highlight how market attention can shift between large-cap assets and newer projects. At the same time, BlockDAG’s team continues to report sizable token-sale fundraising and institutional participation.
For readers following the sector, the key questions remain whether reported fundraising translates into sustained development and whether technical milestones and user metrics hold up over time. Crypto markets carry significant risk, and short-term price moves can be driven by factors beyond fundamentals.
Project links (for reference): Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research before participating and carefully consider both potential benefits and risks. This article is for informational purposes only and does not constitute financial or investment advice.
