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Cryptocurrency News Articles

Altcoins Surge as Crypto Market Rallies: Litecoin Poised for Breakout, Cosmos Breaches Resistance, BlockDAG Dominates Presale

Apr 01, 2024 at 02:00 pm

Bitcoin's ETF approval has propelled the crypto market to record highs, with major altcoins like Litecoin (LTC) and Cosmos (ATOM) maintaining value despite market corrections. LTC is poised for a potential surge to $150, while ATOM has breached a resistance level, targeting $17-$20. BlockDAG (BDAG), a new PoW project, has attracted attention in the presale market for its 1566% post-launch ROI potential and environmentally-friendly mining practices, projecting potential gains of up to 5000x.

Altcoins Surge as Crypto Market Rallies: Litecoin Poised for Breakout, Cosmos Breaches Resistance, BlockDAG Dominates Presale

Crypto Market Poised for Further Gains: Litecoin Price Spike Incoming, Cosmos Breaches Resistance, BlockDAG Dominates Presale Market

In the wake of the crypto market's record-breaking surge propelled by the US approval of a Bitcoin ETF, a correction phase has ensued, yet major altcoins remain within the green zone, poised for potential further gains as the rally reignites.

Litecoin Price Spike Incoming

Litecoin (LTC) addresses have experienced a remarkable surge, reaching eight million by March 28, representing an increase of one million over the past year. Despite facing resistance in breaking the $100 mark since January 2022, trading 76% below its all-time high and failing to surpass its 2023 highs, LTC is now exhibiting promising indicators.

Buoyed by favorable RSI and MACD trends, the current breakout attempt above the $100 resistance level could trigger a significant Litecoin price increase, with analysts projecting a surge to $150, a 60% rise from its present position. However, the extended duration of this bullish pattern (650 days) suggests the possibility of consolidation before a potential breakout.

ATOM Breaks $12.4 Barrier, Eyeing $20 Milestone

Cosmos (ATOM) has recently surpassed a significant resistance level at $12.4, signaling the potential for a bullish run in the medium to long term. This breakthrough follows a recovery from a decline from the $14 price level, overcoming a robust resistance in December 2023.

The bullish momentum for ATOM is supported by increasing buying pressure, as reflected in the RSI rising above the 50 mark on the daily timeframe. However, ATOM faces a significant challenge at the $14 resistance level, where it has previously encountered rejection twice. Nevertheless, the current trading activity suggests optimism for breaking through this resistance on a third attempt, with price levels of $17 and even $20 within reach.

BlockDAG Presale – The Top Upcoming Crypto to Invest in

The crypto presale market has recently witnessed the rapid ascent of BlockDAG (BDAG), a new PoW project that builds upon the DAG protocol initially developed by Kaspa. At its core, BlockDAG boasts a network capable of executing transactions at an astounding speed of 10 blocks per second, making it the fastest PoW blockchain currently available, rivaling crypto giants like Solana and Ethereum.

In addition to its unparalleled speed advantage, BlockDAG is committed to mitigating the environmental impact of crypto mining. To this end, BlockDAG has introduced the X-series, a range of eco-friendly crypto mining rigs that can mine BDAG, BlockDAG's native coin, and various other cryptos, including Bitcoin. With nearly 5000 units sold, these rigs represent a significant step forward in reducing the carbon footprint associated with crypto mining, aligning with the growing demand for sustainable practices in the mining space.

In response to the overwhelming early investor interest and the swift accumulation of $11.3 million, BlockDAG, currently priced at $0.0035 in the sixth batch, has announced a $2 million mega giveaway for 50 fortunate community members. To participate, individuals must follow BlockDAG's social media channels, submit their wallet addresses, increase their winning probabilities by completing various quests, and invite friends for additional entries.

The Final Call

Litecoin (LTC) exhibits promising signs of a significant rally, with current efforts to breach the $100 resistance potentially leading to a 60% Litecoin price spike to $150. Meanwhile, Cosmos (ATOM) has overcome a key resistance at $12.4, indicating a bullish run with the potential to surmount the $14 level and aim for price targets of $17 to $20. BlockDAG (BDAG) is emerging as a formidable contender in the crypto presale market, with its unparalleled transaction capabilities and environmentally-friendly X-series mining rigs, alongside a lucrative 1566% post-launch ROI potential for early investors.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Tags: ATOMLTC

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Other articles published on Nov 08, 2024