Grayscale Pulls Back on NEAR, Hedera, and Cardano - Is BlockDAG the New Contender?
Grayscale has been busy this August, but unfortunately for NEAR Protocol, Hedera, and Cardano, it's not good news. The firm trimmed its NEAR holdings on August 6, withdrew its Hedera ETF registration on August 7, and dropped its Cardano ETF plans entirely.
Institutional retreats like these make it harder to call any of these three the best crypto to buy today. BlockDAG, however, has no ETF drama to worry about because it has no institutional gatekeeper deciding its fate.
BlockDAG's stage 1 is priced at $0.002 against a $0.10 launch reference, a 50x spread built into the presale itself. This structural independence could make it the best crypto to buy today. BlockDAG targets $100 million in launch liquidity and has no team allocation anywhere across its 150 billion token supply.
NEAR Protocol is trading near $1.60, down about 92% from its January 2022 all-time high of $20.37. The network extended its post-quantum protection on August 12, adding safeguards for BTC, ETH, and SOL held via NEAR Intents.
Hedera is trading near $0.0665, down more than 88% from its 2024 all-time high of $0.5692, and consolidating right at a critical historical support zone between $0.058 and $0.042 that has preceded major rallies in the past.