Cryptocurrency

HBAR Reaches $0.3794, DOT Signals Resistance, But BlockDAG’s $209.5M Testnet Spurs Talk of $1 Price Potential

Written By : IndustryTrends

Hedera (HBAR) has surged to a new yearly high, driven by growing institutional demand and real-world tokenization. Meanwhile, Polkadot (DOT) is facing short-term resistance after its recent rally. HBAR’s 37% weekly gain follows news of $3 billion in tokenized luxury goods—including diamonds and jewelry—now live on Hedera. Backed by Walltech and the World Gemological Institute, this move underscores HBAR’s practical use case narrative. DOT, after rising 17%, now shows technical warning signs, with possible downside if it fails to clear $5.54.

In contrast, BlockDAG is making strong strides as Layer-1 enthusiasm fades. With its Beta Testnet V1 live, over 1.2 million transactions processed, and more than 100 active nodes, BlockDAG is showing functional progress. Currently priced at $0.0248 in Batch 27, and with $209.5 million raised, it’s proving to be a serious player. With tools like token and NFT creators, live dApps, and cross-chain bridges coming, the platform appears ready to scale in 2025.

HBAR Breaks Yearly High as $3B Asset Tokenization Builds Momentum

HBAR has reached a fresh yearly peak of $0.3794, showing a 22% daily and 37% weekly rise amid a broader market shift. Trading volume has surged to nearly $1 billion, and its market cap now totals about $12.6 billion. With Bitcoin dominance dropping below 58%, altcoins like HBAR are regaining attention.

The rally is powered by the tokenization of $3 billion worth of luxury items—including diamonds and high-value jewelry—via partnerships with Walltech and the World Gemological Institute. This development aligns with Hedera’s mission to bring physical assets onto the blockchain.

If HBAR sustains momentum and breaks above the $0.337 resistance level, analysts suggest a move toward $0.44 could follow. Continued institutional use and asset integration may help extend the rally into 2025.

DOT’s 17% Climb Faces Pressure as Indicators Show Reversal Risk

Polkadot (DOT) has posted a 17% gain in the last two weeks, rising from $3.86 to $4.68. However, signs now suggest the rally could lose strength. The Money Flow Index (MFI) sits at 81.87—above the 80 level typically associated with near-term corrections. Additionally, the Supertrend indicator flipped bearish around $5.16.

Without renewed buying strength, DOT may slip further. A break below $4 could see it fall toward $3.66—a new yearly low. Still, if it can push past $5.54 resistance, potential targets range from $6.70 to $7.64. As sentiment shifts, DOT holders should monitor key levels closely as the next move may define Q2 direction.

BlockDAG’s Beta Testnet Signals Technical Strength and Fuels $1 Speculation

BlockDAG’s third major keynote introduced a milestone many Layer-1 projects haven’t reached: a functioning Beta Testnet that demonstrates live performance at scale. With over 1.2 million transactions already processed and 100+ community nodes online, the network has begun showcasing its hybrid DAG + PoW architecture in real time.

The Beta Testnet includes a block explorer, a token and NFT creator wizard, and interactive dApps available for use. Unlike many projects still limited to theoretical frameworks, BlockDAG is delivering actual tools for users and builders. It’s operating years ahead of others still stuck in early stages.

Now in Batch 27, priced at $0.0248, BlockDAG has surpassed $209.5 million in funding. The roadmap includes DeFi features, staking, 10+ centralized exchange listings, and cross-chain bridges—all confirmed for the mainnet phase. Analysts argue that this level of progress points toward a strong climb, potentially reaching $1 in the near future.

More than hype, BlockDAG’s early performance proves that it’s building from the ground up with real-world applications in mind. Its growing community, supported by working infrastructure, suggests the platform is not just another altcoin—it’s one of the few with an ecosystem ready for next-phase growth in 2025.

Summary: Market Tests Continue

HBAR’s tokenization news and DOT’s technical patterns reflect a market exploring new opportunities and testing limits. BlockDAG, by contrast, is showing results. With a live Beta Testnet, over 1.2 million transactions processed, and core dApps already functioning, it’s positioned well ahead of schedule.

Raising $209.5 million and preparing for DeFi, staking, and exchange listings, BlockDAG shows clear momentum toward its $1 target. While HBAR rides institutional trends and DOT watches key resistance levels, BlockDAG’s strength lies in delivered progress and community use—not just market sentiment.

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