XRP Smashes $2.20, ETH Roars Past $1800 ,But Dragoin ($DDGN) Could Deliver a 100x Upside Before They Move Again

The crypto arena is buzzing again, but the battleground feels different this time. XRP has cracked through a long-standing resistance at $2.20

Crypto enthusiasts are buzzing with excitement as XRP smashes through $2.20, fueled by a massive 650 million token surge in transaction volume, marking one of the highest volumes in weeks. On-chain data reveals a clear spike in network activity, often a prelude to big price movements.

At the same time, Ethereum's (ETH) 15% rally continues to steal the show, pushing the altcoin past $1,800 and sparking hopes of a new bull wave. Technical indicators show ETH bouncing hard from oversold conditions, with a short squeeze adding fuel to the rally.

However, while these established giants battle historical trends, a new contender is quietly capturing attention: Dragoin ($DDGN).

This isn't just another meme coin; it's a social movement powered by early community engagement. With a presale price starting at fractions of a cent and a live Telegram game already driving real user activity, Dragoin is setting the stage for a unique and accessible crypto experience.

Early-stage buyers are already staring down potential gains exceeding 6,700% even before CEX listings ignite broader demand for the token.

As XRP aims for a massive comeback and Ethereum fights to break through $1,900, Dragoin is busy scripting a fresh story—a tale of accessibility, scarcity, and viral engagement that could make all the difference in a market eagerly searching for its next big winner.

Could Dragoin be the one everyone will wish they bought early in a market that's seen both stellar gains and painful losses? Only time will tell, but the potential for a 100x return from presale prices is setting the stage for an interesting chapter in the world of meme coins.

Stay tuned for more updates on these crypto giants and the rising star of Dragoin as they navigate the ever-shifting landscape of the cryptocurrency market.

In other news, a new report by crypto analytics firm Glassnode has revealed that Bitcoin's (BTC) hashrate hit a new all-time high of 490.04 exahash per second (EH/s) on August 9.

The report also noted that the hashrate has been steadily increasing since the beginning of the year, when it was around 250 EH/s. This surge in hashrate is a clear indication of the growing interest in and use of Bitcoin.

The report comes as Bitcoin price hovers around $80,000, having hit a new all-time high of $82,000 earlier this week. The coin is showing incredible resilience, remaining above $78,000 despite strong selling pressure.

Bitcoin has also been showing strength relative to other major cryptocurrencies, with its dominance remaining above 70%. This is a significant feat, considering that altcoins have been performing exceptionally well in recent months.

Overall, Bitcoin is showing all the signs of a cryptocurrency that is in high demand and has the potential for further gains. However, it is important to note that the cryptocurrency market is highly volatile and unpredictable.

Those interested in learning more about the latest crypto news, analysis, and insights can subscribe to Benzinga's Crypto Newsletter.

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News data source: kdj.com

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