The crypto industry is a constantly adapting organism that feeds off rumours and enthusiasm. This week Raydium (RAY) & Scroll (SCR) are seeing both sides of the spectrum as RAY is receiving attention from the bull and SCR is getting love from the bears. Both could change at any moment, depending on how the next few days play out.
BlockDAG (BDAG) is definitely on the receiving end of the rumour brigade but in the best way imaginable. With BlockDAG crossing over $100 million and currently sitting at $105.5 million with the launch of a more user-friendly website, rumours are spreading that BlockDAG could rival and potentially overtake Bitcoin.
Raydium (RAY) Price Forecast: Bullish Momentum Builds
Raydium (RAY) shows promising signs of upward momentum after a breakout from an ascending triangle pattern, a bullish indicator in technical analysis. Currently priced around $2.99 following a minor pullback, the token could surge by 146.94%, potentially reaching $5.50. This recent breakout from the $2.40 resistance level now sets a strong support base, reinforcing the bullish outlook.
As interest in Raydium grows, technical projections suggest RAY may continue its climb, targeting $5.50 as the next resistance level. The strong upward trajectory aligns with analyst ZAYK Charts’ forecast, positioning Raydium for potential gains and signalling a positive trend for interested traders tracking the Raydium (RAY) price forecast.
The Scroll (SCR) Bearish Trend Intensifies
Scroll (SCR) has recently entered a significant downtrend, with prices falling sharply following a swift rejection at the $1.4 mark. This setback saw SCR drop below key support levels at $1.28 and $1.19, fueling the ongoing Scroll (SCR) bearish trend. Indicators such as the Money Flow Index (MFI) show the token in oversold territory, suggesting intense selling pressure.
The Average Directional Index (ADX) and -DI levels confirm the bearish market structure, indicating a continued downward trajectory. As SCR hovers near the psychological $1 level, analysts believe further declines may be imminent, especially if buying demand fails to support the price at this critical threshold.
BlockDAG Website Rebranding – Fast & User Friendly
BlockDAG’s newly rebranded website has drawn attention across the crypto industry, spotlighting the network’s ambitions as it becomes a major blockchain player. The upgraded site reflects BlockDAG’s forward-thinking vision, emphasising rapid transaction speeds, user-friendly navigation, and next-generation solutions that cater to crypto developers and enthusiasts.
This timely rebranding aligns with BlockDAG’s successful presale, which has already raised over $105.5 million. With a current coin price of $0.022 in Batch 25 and an impressive 2100% ROI for early backers, BlockDAG has sold more than 14.6 billion coins, showcasing substantial support from the community.
This rebranding positions BlockDAG as the top crypto in decentralised finance and has fueled market speculation about its growth potential. Crypto enthusiasts are increasingly intrigued by the network’s future, with rumours circulating that BlockDAG might eventually rival industry titans like Bitcoin.
The rebranded site serves as a beacon for those exploring advanced blockchain options, creating a foundation for BlockDAG’s mission to drive decentralisation at scale. As the network gains traction, BlockDAG is a viable candidate for traders looking for the top crypto to buy before 2025.
Rumours or Educated Assumptions?
Sometimes the word ‘rumour’ has a negative connotation. However, in the crypto industry, rumours are more educated assumptions and trend tracking. While not completely accurate, RAY and SCR are teetering and could flip at any moment. Rumours often lead investors to feel cautious or cautiously optimistic.
BlockDAG is a case just like that. While it is impossible to say with certainty what will happen with BlockDAG in the coming years – it is possible to make an educated assumption. If we look at the track record of coins that have come before, like Bitcoin, and watch the trend BlockDAG is in now, BlockDAG is following a similar pattern.
BlockDAG’s trajectory is much more accelerated because the groundwork has already been laid by its predecessors. If this momentum keeps up BlockDAG is speculated to be worth $20 by 2027, there is still time to be an early adopter.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.