Ethena Under Pressure, Stellar Flatlined, & BlockDAG Raises $420M+ Presale

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Ethena Faces Token Unlock Headwinds, Stellar Flatlines, While BlockDAG’s $420M+ Presale Gains Global Traction

Discover the latest on Ethena and Stellar, then see how BlockDAG’s Awakening Testnet launch and $420M+ presale make it one of the top crypto coins to watch right now.

Some projects still carry baggage that slows them down. Take the recent Ethena (ENA) price analysis, where token unlocks and supply concerns keep pressure on the charts, or the mixed signals seen in Stellar (XLM) news, where usage is rising but price momentum remains stuck. Both underline a simple problem: progress doesn’t always mean easy adoption. Developers and investors alike are left wondering if these networks can really deliver a frictionless environment.

That’s where BlockDAG (BDAG) looks different. By dropping outdated transaction models and adopting a streamlined account-based system that syncs directly with EVM smart contracts, it removes a major headache for builders. This simplification means thousands of Ethereum developers can bring their dApps across without hurdles. For anyone following crypto coins to watch, BlockDAG isn’t just checking boxes; it’s already running live features while its presale surges toward record highs.

BlockDAG: Simplicity that Developers Actually Want

One of the hardest parts of building on older blockchains is dealing with the UTXO model. It’s complex, slows down dApp creation, and forces developers to work around limitations instead of focusing on features. BlockDAG’s Awakening Testnet removes this hurdle completely by moving to a full account-based model, the same approach that powers Ethereum. That means any developer familiar with EVM contracts can start building without friction, opening the door for thousands of ready-to-go projects to migrate over. For builders, it’s not just an upgrade, it’s the chance to work faster, cheaper, and smarter from day one.

This shift also sets BlockDAG apart as one of the top crypto coins to watch right now. By cutting out the complexity, it’s attracting early attention from the Ethereum developer community who see the value in moving their dApps where the environment is already friendly and familiar. Early movers could benefit from staking ground before competition ramps up, making this both a technical and financial advantage.

The presale reflects that confidence. BlockDAG has already raised over $420 million and sold over 27 billion coins, while the BDAG coin is currently priced at $0.0015. That’s a massive haul compared to typical presales and puts it on track to be one of the largest fundraising stories of 2025.

For anyone scanning through new opportunities or shortlisting fresh coins to watch in crypto, the combination of live delivery, developer simplicity, and a fast-growing presale is hard to ignore. It’s not just about buying early; it’s about positioning ahead of a migration wave that could define BlockDAG’s next stage.

ENA Price Analysis: Unlock Pressure Meets Institutional Backing

The latest Ethena (ENA) price analysis shows the token trading near $0.58 after dipping to around $0.55. This came just as more than 212 million ENA tokens, about 3.2% of supply, were unlocked on October 1, creating short-term sell pressure. At the same time, resistance is building around the $0.64–0.68 zone, while support at $0.55 is proving crucial. Despite this challenge, there’s fresh confidence: MEXC Ventures recently boosted its position, bringing total exposure in the Ethena ecosystem to nearly $66 million.

Another angle in this Ethena (ENA) price analysis is its role as one of the crypto coins to watch for developers and traders who see growth in synthetic dollar ecosystems. Forecasts suggest potential recovery toward $0.75 if key resistance levels break, but failure at $0.55 could drag it lower.

Stellar (XLM) News: Price Pressures and Real-World Growth

Recent Stellar (XLM) news points to a token under short-term stress. Institutional selling pulled the price down nearly 4% to around $0.36, with $0.38 acting as stubborn resistance. Support at $0.35–$0.36 is holding, and analysts are watching closely for signs of a double-bottom reversal pattern that could push targets toward $0.45 and beyond.

Another layer in this Stellar (XLM) news cycle is the bullish talk around a potential run to $1 if the network breaks $0.41 with volume. That scenario ties into Stellar’s ongoing integration of real-world assets through deals like Archax, which could unlock new demand.

Which Is the Top Crypto Coin to Watch Today?

The latest Ethena (ENA) price analysis shows a project balancing token unlock pressure with new institutional support, leaving price action stuck between $0.55 support and $0.64 resistance. At the same time, recent Stellar (XLM) news reveals strong on-chain growth and partnerships, even as the token wrestles with heavy selling around $0.36.

BlockDAG is tackling the developer side of the equation in a different way. By removing complex transaction models and switching fully to an account-based system compatible with Ethereum contracts, it’s creating a smoother path for dApps. This is already backed by its $420M+ presale. For anyone scanning crypto coins to watch, BlockDAG’s ability to simplify and scale makes it one of the standout coins to watch in crypto right now.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu


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Author

Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.

Source: https://coindoo.com/ethena-faces-token-unlock-headwinds-stellar-flatlines-while-blockdags-420m-presale-gains-global-traction/