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Dogecoin holds support, XRP Faces correction signals, while BlockDAG's $0.0018 offer suggests the best time to buy crypto

Dogecoin holds support, XRP Faces correction signals, while BlockDAG's $0.0018 offer suggests the best time to buy crypto

Zawyaa day ago

Short-term momentum often grabs headlines, but deeper insights can reveal more about long-term potential. Dogecoin appears steady for now, supported by user activity and optimistic forecasts. Meanwhile, XRP is raising concerns following its rapid surge, as current data points to slowing network engagement.
ContentsBlockDAG's Scalable Architecture & $276M Raise Highlight Long-Term UtilityDogecoin (DOGE) Price Forecast Shows Growth Potential with CautionXRP Trend Alert Points to a Potential Price CorrectionWrapping Up
In comparison, BlockDAG is attracting a growing developer base by offering a scalable, utility-driven platform. While DOGE and XRP rely on momentum and market trends, BlockDAG aims to serve as a foundational Web3 layer. Its approach focuses on performance and flexibility, making it an appealing choice as demand grows for efficient blockchain infrastructure.
BlockDAG's Scalable Architecture & $276M Raise Highlight Long-Term Utility
Rather than positioning itself as just another blockchain, BlockDAG is building a Layer 1 platform designed to support future decentralised ecosystems. Its structure combines Directed Acyclic Graph (DAG) technology with a Proof-of-Work model, allowing transactions and smart contracts to run in parallel. This shift from sequential to parallel processing significantly increases scalability and responsiveness, which are key requirements for sectors like DeFi, gaming, and digital identity.
What sets BlockDAG apart is its goal to function more like a decentralised operating system than a simple token network. The platform includes built-in features such as auto-scaling, cross-chain interaction, and smart contract automation. This design enables developers to build high-performance dApps without compromising on speed or security.
The ongoing top crypto presale reflects growing confidence. BlockDAG has already raised over $276 million and sold more than 21.4 billion coins. The ROI from batch one now stands at 2,520%. Batch 28 is live with a rate of $0.0262, but a limited-time offer brings the price down to $0.0018 through June 13. For those evaluating the best time to buy crypto, this early-stage window offers a rare opportunity at significant value.
Dogecoin (DOGE) Price Forecast Shows Growth Potential with Caution
Currently trading near $0.224, Dogecoin (DOGE) price forecast suggests a potential move toward the $0.26 resistance level, assuming it continues to hold above $0.21. This short-term setup reflects cautious optimism as DOGE's daily performance shows only a slight 1.65% decline.
Will Dogecoin hit $1? Looking ahead to 2025, analysts are split. Some believe DOGE could reach $0.731, while others foresee a more moderate level around $0.341. These projections depend on adoption rates, broader sentiment, and external market conditions.
A notable development is the 500% surge in active DOGE addresses, signalling higher user interaction and possible support for upward movement. However, given DOGE's history of price swings, it remains a speculative asset. Investors should weigh the enthusiasm with care and rely on a broader strategy when acting on these forecasts.
XRP Trend Alert Points to a Potential Price Correction
XRP's recent performance has been impressive, climbing more than 385% since late 2024. But the latest XRP trend alert suggests that this rally may be losing steam. Over 70% of XRP's realised market cap has formed around its recent highs, a concentration pattern that has previously signalled trend reversals.
Additionally, XRP's network activity has declined sharply. Active addresses have dropped more than 90% since March 2025, returning to pre-surge levels. This significant drop raises questions about ongoing demand and price support.
From a technical standpoint, XRP is forming a falling wedge, a chart pattern often associated with possible downside movement. If confirmed, this could result in a 25% decline, pulling XRP back to around $1.76. Traders should continue monitoring volume and activity levels, as network participation remains a key factor in price direction.
Wrapping Up
Speculative rallies can bring short-term rewards, but long-term value often lies in infrastructure. DOGE's momentum stems from community energy, and XRP's current indicators suggest a cooling period. BlockDAG, in contrast, is built with scalability and flexibility in mind, two features increasingly critical as real-world blockchain applications evolve.
With an architecture that blends parallel processing, EVM compatibility, and low-code development tools, BlockDAG offers practical utility for developers. Its consistent presale activity and broad market interest suggest it may be more than just another coin; it's aiming to be a platform developers and users can build on.
As complexity in blockchain use cases grows, the need for scalable infrastructure becomes central. For those considering the future of crypto platforms, BlockDAG presents a case rooted in capability, timing, and clear technical advantage, a combination worth watching closely.

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Opec+ agrees another accelerated oil output for July
Opec+ agrees another accelerated oil output for July

The National

time8 hours ago

  • The National

Opec+ agrees another accelerated oil output for July

Opec+ has agreed to maintain its monthly oil output of 411,000 barrels per day for July, as it boosts supply amid trade tension-induced economic uncertainty. Analysts say the move is a possible gesture to appease US President Donald Trump's desire for lower crude prices. The hike marks the third consecutive month that the group, led by Saudi Arabia and Russia, will raise production at the same level, Opec+ said in a statement following a virtual meeting on Saturday. The decision was "in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories", the group said. Opec+ noted that gradual increases may be paused or reversed "subject to evolving market conditions", giving them the "flexibility will allow the group to continue to support oil market stability". The accelerated unwinding of Opec+'s own restriction programme is expected to boost the market's supply surplus into the second half of 2025 "when demand prospects are fragilised by trade tensions", Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, told The National. Mr Trump, meanwhile, has repeatedly called for lower oil prices to boost the domestic US oil industry. "We don't yet know if Opec+'s latest moves are to please Mr Trump or to [align] certain members" with the group's quotas, Ms Ozkardeskaya said. "Yet the rising supply will likely continue to apply negative pressure on prices – unless there is a sudden shift in the tariff picture like ruling of the tariffs." Oil prices started 2025 strongly. The closing price of Brent, the benchmark for two thirds of the world's oil, peaked at more than $82 a barrel on January 15, while West Texas Intermediate, the gauge that tracks US crude, hit almost $79 per barrel also on that day. However, crude prices have since waffled and have been particularly jolted by Mr Trump's sweeping global tariffs that he announced on April 2, which have disrupted stock markets and reignited fears of a global recession, especially as US trade partners – most notably China – unleashed retaliatory levies. Since then, Brent and WTI have slipped more than 16 per cent and 15 per cent, respectively, and the uncertainty surrounding Mr Trump's flip-flopping over his tariff policies have put pressure on oil prices. In March, Opec+ said it would proceed with a 'gradual and flexible' unwinding of voluntary production cuts of 2.2 million bpd starting in April, adding 138,000 bpd per month until September 2026. The planned return of production cuts – originally made by eight Opec+ members, including Saudi Arabia, Russia, the UAE and Iraq, in November 2023 – had been pushed back several times amid concerns about growing supply in the market. In March, the alliance released a new schedule for seven member nations to make further oil output cuts to compensate for exceeding their quotas. The plan includes monthly cuts ranging from 189,000 bpd to 435,000 bpd, with the reductions scheduled to last until June 2026. Opec has been losing global market share in recent years. In 2024, their output was less than 27 million bpd, down from 30 million bpd a decade ago and after having peaked of 34 million bpd in 2016. "In addition to trying to enforce stronger discipline within the group, Opec sees [increasing output] as a good opportunity to place pressure on higher cost oil producers, including US shale, and win back some market share," analysts at Jadwa Investment said. "This policy has the added benefit of bolstering good relations with the US given President Trump's stated desire for lower oil prices to bring down inflation in the US and force a diplomatic solution to the Russia-Ukraine war." How Opec+ policy evolves during 2025 will largely depend on internal compliance issues and the broader developments in the oil market, with hikes seen to scale down should global crude inventories start to build up, they added. The UAE's Minister of Energy and Infrastructure, Suhail Al Mazrouei, this week said Opec+ should be 'mindful' about oil demand, and that the group is 'doing their best' to balance the market and ensure there is enough investment into the supply. Mr Al Mazrouei's comments are "constructive", said Giovanni Staunovo, a strategist at Swiss bank UBS. "Opec+ crude exports are stable versus April, suggesting higher compliance and domestic demand keeps exports in check," the told The National. At its ministerial meeting on Wednesday, Opec reiterated its "continued commitment ... to achieve and sustain a stable oil market".

Markets feel heat as Trump claims China broke trade deal
Markets feel heat as Trump claims China broke trade deal

The National

time12 hours ago

  • The National

Markets feel heat as Trump claims China broke trade deal

Stock markets ended the week mixed, reversing rallies on Friday after US President Donald Trump accused China of 'totally violating' their trade deal, reigniting tensions that had simmered down after a detente three weeks ago. Mr Trump, in a post on his Truth Social platform, said US levies made it 'impossible' for China to trade with the US, and that the 'fast deal' was struck to prevent a 'very bad situation' for Beijing. US Trade Representative Jamieson Greer said China was 'slow-rolling' its compliance with the agreement, particularly on minerals and rare earth magnets. The US and China, the world's two biggest economies, have been the main protagonists in the trade war, with Washington imposing 145 per cent tariffs on Chinese imports. Beijing responded in kind, posting 125 per cent levies on American imports. However, on May 12, the White House announced that both sides struck a surprise deal to suspend their tariffs for 90 days, with the US and China lowering their levies to 30 per cent and 10 per cent, respectively. Mr Trump's latest tirade jeopardises their progress. China hit back at the US, with its embassy in Washington saying it had been in constant contact, particularly concerned about trade controls in semiconductors and 'other related practices'. 'China once again urges the US to immediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva,' embassy representative Liu Pengyu said in a statement. After stock markets closed on Friday, Mr Trump poured more fuel on the trade tensions fire by threatening to double steel and aluminium imports to 50 per cent, which he claims is another part of his strategy to protect American industry. Shortly after making that announcement at a US Steel factory in Pennsylvania, Mr Trump wrote on Truth Social that the higher levy will come into force on June 4. That capped a whirlwind week for his grand tariff plans. On Thursday, the New York-based Court of International Trade blocked his tariffs, saying he exceeded his authority. But on Friday, a federal appeals court temporarily upheld his actions. Josh Gilbert, market analyst at eToro, said that while the appeals court has allowed tariffs to stay for now, the legal battle is far from over. 'The White House is taking its case to the Supreme Court and weighing other legal options, which, to be frank, are unlikely to be quick or straightforward. This uncertainty adds yet another layer of risk for investors. 'What we're seeing is just another example of today's current market conditions and how news flow, especially from a political standpoint, is injecting volatility into markets. 'Whether you've been investing for 10 weeks or 10 years, this is a tricky market to navigate. This constant policy whiplash is beginning to leave investors sore … diversification and a clear strategy remain the best tools for navigating this policy-driven turbulence.' At the close on Wall Street on Friday, the Dow Jones Industrial Average ended 0.1 per higher, while the tech-heavy Nasdaq Composite shed 0.3 per cent. The S&P 500 was almost flat. For the week, the S&P 500 added 1.9 per cent, the Dow gained 1.6 per cent and the Nasdaq climbed 2 per cent. Year-to-date, the S&P 500 is up 0.5 per cent, while the Dow and Nasdaq are down 0.6 per cent and 1 per cent, respectively. In London, the FTSE 100 ended more than 0.6 per cent higher, as trade remained stable despite uncertainty triggered by the latest in the tariffs saga. Paris' CAC 40 retreated 0.4 per cent, while, Frankfurt's DAX added 0.3 per cent. Earlier in Asia, stock markets reversed gains to end lower. Tokyo's Nikkei 225 and Hong Kong's Hang Seng index were both down 1.2 per cent, while the Shanghai Composite retreated 0.5 per cent. In commodities, oil prices slipped and posted a second consecutive weekly decline as the Opec+ alliance prepares for its meeting on Saturday, where it is expected to announce its third major output increase. Brent fell 0.39 per cent to settle at $63.90 a barrel, while West Texas Intermediate dropped 0.25 per cent to close at $60.79 a barrel. Gold, meanwhile, inched down at the close on Friday, as the market absorbed the tariff drama and the dollar moved higher. The precious metal, a hedge against inflation, was down nearly 1 per cent to $3,289.57 an ounce.

Pentagon chief warns of China threat, pushes Asian allies to hike defence spending
Pentagon chief warns of China threat, pushes Asian allies to hike defence spending

Khaleej Times

time15 hours ago

  • Khaleej Times

Pentagon chief warns of China threat, pushes Asian allies to hike defence spending

US Defence Secretary Pete Hegseth warned on Saturday that the threat from China was real and potentially imminent as he pushed allies in the Indo-Pacific to spend more on their own defence needs. Hegseth, speaking for the first time at the Shangri-La Dialogue in Singapore, Asia's premier forum for defence leaders, militaries and diplomats, underlined that the Indo-Pacific region was a priority for the Trump administration. "There's no reason to sugar coat it. The threat China poses is real, and it could be imminent," Hegseth said, in some of his strongest comments on the Communist nation since he took office in January. He added that any attempt by China to conquer Taiwan "would result in devastating consequences for the Indo-Pacific and the world", and echoed Trump's comment that China will not invade Taiwan on the president's watch. "It has to be clear to all that Beijing is credibly preparing to potentially use military force to alter the balance of power in the Indo Pacific," Hegseth said. But his comments on allies needing to increase spending is likely to cause consternation amongst partners, even though experts said Hegseth would face a relatively friendly audience in Singapore. China's Defence Minister Dong Jun has decided to skip the major Asian security forum and Beijing has sent only an academic delegation. Hegseth has previously taken aim at allies in Europe for not spending more on their own defence. In February, he warned Europe against treating America like a "sucker" while addressing a press conference at NATO headquarters in Brussels. On Friday, while delivering the keynote address at the Shangri-La Dialogue, French President Emmanuel Macron said Hegseth was justified in asking Europe to increase its own defence spending. "It's hard to believe, a little bit, after some trips to Europe that I'm saying this, but thanks to President Trump, Asian allies should look to countries in Europe as a new found example," Hegseth said. "NATO members are pledging to spend 5% of their GDP on defence, even Germany. So it doesn't make sense for countries in Europe to do that while key allies in Asia spend less on defence in the face of an even more formidable threat, not to mention North Korea." 'Patronising' US Democratic Senator Tammy Duckworth, who is co-leading a bi-partisan delegation to the Shangri-la Dialogue, said it was noteworthy that Hegseth emphasised that the United States was committed to the region, but his language on allies was not helpful. "I thought it was patronising of our friends in the Indo-Pacific in particular," Duckworth said. Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defence industries, according to a new study by the London-based International Institute for Strategic Studies, the organisation that runs the Shangri-La Dialogue. The spike comes even as Asian nations spent an average of 1.5 per cent of GDP on defence in 2024, a figure that has kept relatively constant over the last decade, it said. Hegseth suggested that allies in Europe focus on security on the European continent, so that Washington could focus on the threat posed by China in the Indo-Pacific, alongside more participation by allies in Asia. "We would much prefer that the overwhelming balance of European investment be on that continent, so that as we partner there, which we will continue to do, we're able to use our comparative advantage as an Indo-Pacific nation to support our partners here," he said in response to a question after his speech. But some of the Trump administration's early moves in the Indo-Pacific have raised eyebrows. The U.S. moved air defence systems from Asia to the Middle East earlier this year as tensions with Iran spiked - an effort that took 73 C-17 flights. Hegseth, a former Fox TV host who has spent much of his first months in office focused on domestic issues, spoke to the international audience on topics that he has frequently talked about when in the United States, like "restoring the warrior ethos." "We are not here to pressure other countries to embrace or adopt our politics or ideology. We are not here to preach to you about climate change or cultural issues," Hegseth said. "We respect you, your traditions and your militaries. And we want to work with you where our shared interests align."

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