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The Coin Rise
2025-04-23 00:00:20

BlockDAG’s AMA Sets New Benchmark With Testnet Utility as ETH and Stellar Eye Breakouts

When market charts intersect with on-chain functionality, not all bullish indicators carry equal weight. Stellar (XLM) is drawing attention with its ascending triangle setup, suggesting a possible push toward $0.29. Ethereum (ETH) is also gaining interest as it tests major resistance levels, with traders watching for a breakout. While these price formations fuel speculation, BlockDAG is pushing past guesswork. Its Beta Testnet is live and fully operational, supporting smart contracts, staking, and NFT minting. In an industry where delays are common, BlockDAG’s functioning infrastructure stands out. Stellar (XLM) Eyes Breakout With Strong Backing Stellar (XLM) has formed an ascending triangle on the 4-hour chart, signaling a potential breakout. Analysts are watching for a move toward the $0.29 mark. A clean break above the current descending channel could trigger an 18% jump to this resistance zone. Beyond technical indicators, Stellar’s fundamentals offer strong support. The network’s foray into real-world asset (RWA) tokenization, in collaboration with Franklin Templeton and Ondo Finance, aims to bring $3 billion in tokenized assets to its blockchain. This development not only boosts Stellar’s utility but also makes it more attractive to institutional investors. Although momentum appears somewhat muted in the short term, the alignment of chart patterns and these real-world initiatives suggests Stellar could be ready to move. Market watchers are keeping a close eye on the $0.29 level for confirmation. Ethereum (ETH) Charts Hint at Upside Despite Exchange Flows Ethereum (ETH) is also showing signs of strength, currently forming an ascending triangle pattern on the weekly chart—a setup that often precedes upward price action. According to Titan of Crypto, ETH could test the top of this formation, possibly reaching $3,600. In the near term, ETH has moved past the $1,550–$1,600 support zone and is nearing resistance at $1,670. A close above this level could open a path toward $2,000. However, caution is needed. On-chain data reveals that over 368,000 ETH have been transferred to exchanges this month, which might create selling pressure. Despite this, the general technical outlook for Ethereum remains positive. Traders are keeping a close watch on these critical levels to gauge where the price might head next. BlockDAG Unlocks Real Utility With Beta Testnet Milestone BlockDAG has reached a significant milestone with its Beta Testnet now fully supporting EVM-based smart contracts, MetaMask connectivity, token burns, staking, and NFT minting. Unlike many projects that rely on future promises, BlockDAG is offering hands-on functionality right now. The latest AMA highlighted these features in action. Users are already creating ERC-20 tokens, staking BDAG, and minting NFTs on-chain. Additionally, a Smart Contract Wizard is coming soon, which will enable even non-developers to launch their own decentralized apps. Meanwhile, the presale continues to accelerate. BlockDAG has now raised $216 million, with its current batch (27) priced at $0.0248. Holders who joined in batch 1 have already seen returns of 2,380%, and more than 19.3 billion BDAG tokens have been sold. While other projects hold back features for later marketing cycles, BlockDAG is delivering now. Its focus on immediate, usable tech is setting it apart as a serious contender among Layer-1 chains. Summing Up! While Stellar and Ethereum attract attention through chart setups and speculative potential, the value of these moves depends heavily on follow-through. Stellar’s tokenization initiatives and Ethereum’s resistance testing are promising, but still speculative. BlockDAG, by contrast, is offering tangible progress. With live smart contracts, staking, and NFTs already active, it is delivering what many others still claim to be developing. Rather than waiting for future milestones, users can interact with its ecosystem right now. As the market continues to seek clarity, BlockDAG is emerging as a chain backed not just by speculation but by real results. In a landscape filled with predictions, BlockDAG is offering performance. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG’s AMA Sets New Benchmark With Testnet Utility as ETH and Stellar Eye Breakouts appeared first on TheCoinrise.com .

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