Ethereum Updates: BlockDAG Eyes $1 Milestone Amid Ethereum's $8,000 Challenge and Sui's Decline—A Major Shift in the Crypto Landscape
- Binance's October 24 BlockDAG (BDAG) AMA sparks speculation about its $1 price target amid Ethereum's $8,000 potential and Sui's decline. - BlockDAG's $430M presale, DAG architecture, and EVM compatibility position it as a high-throughput Layer-1 alternative with institutional partnerships. - Ethereum gains institutional traction via $1.5B staked ETH investments and ETF filings, while Sui struggles with technical indicators and 7.6% price drops. - Market dynamics highlight diverging trajectories: BlockDA
Anticipation is building around Binance’s scheduled live AMA with BlockDAG (BDAG) on October 24, sparking discussions about whether the project could achieve the $1 mark. This comes as
BlockDAG utilizes a Directed Acyclic Graph (DAG) structure to offer a high-throughput alternative to conventional Layer-1 blockchains. BlockDAG has distributed 27 billion tokens to more than 312,000 investors. Notable features include compatibility with EVM, future WASM integration, and collaborations such as its partnership with the BWT Alpine Formula 1® Team. The project employs a hybrid Proof-of-Work and Proof-of-Engagement consensus to enhance both security and scalability. Independent audits by CertiK and Halborn have further strengthened its reputation, according to FinancialContent. The upcoming AMA is expected to cover technical enhancements and a carefully planned six-week rollout, aimed at maintaining market stability, the report adds.
Elsewhere, Ethereum is seeing a resurgence in institutional backing, with blockchain infrastructure company BitMine reportedly committing $1.5 billion to staked
By contrast, Sui (SUI) is under pressure as it struggles to break through significant resistance points. The token has dropped 7.6% to $2.63 and remains below its 20-, 50-, and 200-day moving averages. Bearish signals from the MACD and an oversold RSI indicate that SUI may consolidate further before any rebound, according to Analytics Insight
The contrasting paths of these projects illustrate broader trends in the crypto sector. BlockDAG’s emphasis on practical adoption and methodical growth stands apart from Ethereum’s institution-driven surge and Sui’s technical hurdles. As the Binance AMA nears, investors are expected to focus on updates regarding BlockDAG’s Token Generation Event (TGE) and airdrop plans, which could impact its journey toward a $1 price. Meanwhile, regulatory developments for Ethereum and technical changes for Sui will be key factors influencing their future, as outlined in reports from FinancialContent, CoinGape, and Analytics Insight.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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