This week’s market action blends quick-moving volatility with plays that could reshape the months ahead. BONK is testing a crucial support after a failed breakout attempt, while Ethereum is flashing a rare technical setup that some believe could shape the rest of this bull run. One is proving its resilience at a must-hold price, the other is hinting at a potential lead role in an altcoin surge.
Yet in the background, BlockDAG (BDAG) is rolling out a presale built on competitive buying mechanics, unmatched accessibility, and a ready-to-trade post-launch plan. As traders weigh the BONK price drop and Ethereum’s bullish setup, longer-term buyers are asking if BlockDAG’s model could make it the top crypto to buy now.
BONK’s Fight to Recover: From Sell-Off to Support Strength
BONK slid nearly 6% in the past day, moving from $0.00002606 to $0.00002436 after repeated rejections near $0.000027 on August 11. Trading volume spiked to 1.13 trillion tokens, well above the average 708 billion, showing heightened activity during the sell-off.
Selling pressure carried into August 12, but the $0.000024 level held firm with 889 billion tokens traded. Buyers stepped in, lifting BONK by 3% to $0.000025, signaling short-term stabilization and reinforcing $0.000024 as a key floor.
The reversal came alongside news that Nasdaq-listed Safety Shot invested $25 million in BONK ecosystem growth via the Bonk.fun launchpad, boosting its profile in the meme coin space. Current technicals show resistance at $0.000027 and support at $0.000024, with a rebound above $0.000025 offering traders a base for short-term plays.
Ethereum’s Rare Signal & the $4,850 Hurdle
Ethereum is delivering what analyst Kevin of Kev Capital calls a “once-in-a-decade” confluence of bullish indicators. Since his May call for an “ETH season,” ETH has surged over 150%, pulling altcoins like Chainlink and Uniswap higher with it.
The rally began with a rare monthly demand candle forming at a major support zone, paired with oversold momentum signs like a V-shaped Stock RSI reversal and a pending monthly MACD cross. Matching bullish setups on ETH dominance and ETH/BTC charts suggest Ethereum could outperform for an extended stretch.
The last major obstacle is its $4,850 all-time high. Clearing it on high timeframes could send ETH into open price discovery. Potential U.S. interest rate cuts in September, October, and December could add fuel, but until then, traders are watching for retracements near resistance before fully committing.
BlockDAG’s Winning Trio: Buyer Battles, 2.5M Mobile Miners, & High-Powered Presale
While BONK and Ethereum dominate short-term chatter, BlockDAG is building a presale designed to engage daily, scale globally, and launch with instant liquidity. Its Buyer Battles feature turns every 24-hour cycle into a contest, the largest buyer of the day claims all unsold BDAG allocation at no extra cost. This keeps participation consistent, rewards decisive action, and levels the playing field for newcomers daily.
The reach of the X1 mobile miner app is another standout. With over 2.5 million registered users worldwide, it allows anyone to mine BDAG without costly rigs, turning mining into a simple daily engagement activity. This mass accessibility is creating a strong global community even before launch.
On the exchange front, 20 centralized listings are already confirmed, including MEXC, BitMart, Coinstore, LBank, and XT.com. This guarantees BDAG will have broad trading access from day one, avoiding the post-launch bottlenecks many projects face.
So far, the presale has pulled in over $374.5 million, with BDAG in Batch 29 at $0.0276 and a confirmed launch price of $0.05. For early buyers, that leaves significant upside potential locked in.
Wrapping Up
This week’s market divide is clear, BONK’s price drop highlights meme coin volatility, while Ethereum’s rare setup hints at a powerful altcoin-led leg higher. Both have their traders and narratives.
BlockDAG, however, is delivering something more strategic: competitive presale mechanics, massive early user adoption, and guaranteed exchange access post-launch. It’s a play that builds the ecosystem before hitting the open market, creating an edge over projects scrambling after listing.
For those looking beyond quick swing trades, BlockDAG’s momentum, accessibility, and market readiness make it a prime contender for the top crypto to buy now, especially before the presale window closes.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.