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Cryptocurrency News Articles

ETH Struggles and DOGE Loses Steam, But BlockDAG Impresses with CertiK’s Greenlight and 2531% ROI Potential!

May 09, 2025 at 08:10 am

Ethereum (ETH) is struggling, unable to hold onto the $1,800 mark, while Dogecoin (DOGE) shows signs of fading interest and a bearish outlook.

ETH Struggles and DOGE Loses Steam, But BlockDAG Impresses with CertiK’s Greenlight and 2531% ROI Potential!

The price of ether (ETH) is continuing to decline as it fails to stay above the key levels of $1,850 and $1,820. The drops also come as the 100-hourly Simple Moving Average provides support.

As the chart below shows, the price of ether is slipping below the $1,800 mark. Furthermore, a bearish trend line, visible in purple, is providing resistance near $1,830 as it keeps the coin from increasing in price.

The drops in price come after the coin couldn’t break out of the $1,880 level, which has provided resistance since March 2025.

As the chart above shows, the price of ether is now testing the $1,785 level, which is providing support. If this level breaks, we can expect to see further drops toward $1,750 or even $1685.

On the other hand, the price of ether is encountering resistance at the $1,830 mark, followed by $1,880. If the bulls manage to push the price above $1,920, we might see a recovery.

However, if the price of ether remains below the $1,830 level, we can anticipate further declines. Overall, the coin is trading within a tight range, and the attention of both bulls and bears is focused on the $1,785 support level.

Dogecoin price analysis: traders now prefer selling

The price of Dogecoin (DOGE) is struggling to regain momentum in May 2025, despite the anticipation of it reaching the $1 mark.

Following a surge in March 2025, which was fueled by expectations of Donald Trump’s 2024 presidential campaign and X (formerly Twitter) CEO Linda Yaccarino joining the memecoin hype, Dogecoin’s price has since dropped 47.73% year-to-date, leaving traders disappointed.

The latest price analysis of Dogecoin reveals a concerning trend with the coin’s funding rate in the past hour hitting -0.001%. This negative value implies that more traders are shorting Dogecoin than going long.

A negative funding rate typically means sellers are being paid to hold their positions, which points to a bearish outlook. This scenario arises when the price of a cryptocurrency futures contract on an exchange differs from the spot price. To mitigate this difference, the exchange distributes a portion of the funding rate to traders based on the direction of their trades.

In this case, with the funding rate at -0.001%, sellers are being compensated at a rate of 0.001% of the notional value of their trades every hour to maintain their positions.

The attention of cryptocurrency traders is now focused on whether the buyers will manage to intervene and shift the mood, or if we’ll continue to see more selling pressure on Dogecoin.

With the price of Dogecoin currently at $0.7, and the memecoin showing little sign of recovery, it seems like we’ll be seeing more drops in the coming days.

CertiK & Halborn give BlockDAG a clean bill of health

In a massive win for the project, BlockDAG has just completed full audits from two of the industry’s leading blockchain security firms: CertiK and Halborn.

These audits weren’t just a formality; they were crucial, especially with BlockDAG boasting a unique DAG architecture. The aim was to ensure that the smart contracts were not only secure but also optimized for optimal performance and future scalability.

The importance of these audits cannot be overstated. CertiK, a renowned blockchain security firm, has granted BlockDAG a full audit, a testament to the project’s commitment to transparency and best practices.

This follows the completion of Halborn’s audit, which focused on the technical aspects of the project's build, further bolstering BlockDAG's standing within the cryptocurrency domain.

With both CertiK and Halborn giving their stamp of approval, the project is now gearing up for its final phase before hitting public exchanges.

The CertiK audit will surely attest to the BlockDAG smart contracts being not only secure but also optimized, boosting confidence as demand for BDAG continues to rise.

This isn’t your typical presale. BlockDAG is positioning itself as a real player in the crypto space with potential for long-term gains. Having raised more than $229 million and sold over 19.8 billion BDAG coins, the project has already managed to attract over 170,000 unique holders.

The price of BDAG has also surged 2,520% from its initial price of $0.001 to $0.0262 in batch 28.

But wait, there’s more. For a limited time, new buyers can

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Other articles published on May 09, 2025