|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Avalanche (AVAX), Aptos (APT), and BlockDAG: Which Crypto Will Break Out?
Sep 20, 2024 at 05:00 am
There’s always something going on with the crypto industry, and right now, all eyes are on Avalanche (AVAX), Aptos (APT), and BlockDAG.
Cryptocurrency prices shifted dramatically over the past day, with some coins experiencing significant gains while others faced the threat of upcoming token unlocks.
Avalanche (AVAX) enjoyed a solid price surge, rising 6% in just 24 hours and pushing its price to $23.03 at the time of writing. This impressive gain comes as Bitcoin (BTC) and Ethereum (ETH) both struggled to gain momentum, leaving the field open for other coins to shine.
With a market cap of over $9.33 billion, AVAX is now the 12th largest cryptocurrency. However, not all signs are pointing upward. While long-term holders are showing renewed confidence, short-term market sentiment remains mixed.
If Avalanche can maintain its bullish momentum and overcome any potential obstacles, the next target in sight could be $27, with some optimists even eyeing the $32 mark. But in this volatile market, nothing is ever certain.
On the other hand, Aptos (APT) faced the opposite fate, dropping 7% recently to become the worst performer among the top cryptocurrencies. This concern stems from the impending token unlock event, which is set to release $65 million worth of new tokens.
Considering that the total circulating supply of APT is around 2.8 billion, this event will be significant, releasing about 2.3% of the total supply. Such an event could lead to a scenario where a large portion of tokens are sold off, causing the price to drop further.
Historically, we've seen token unlocks often put downward pressure on prices, and there's little reason to expect Aptos will be an exception. As a result, traders are bracing for a rough week ahead. While there's always hope for a recovery, many are approaching this with caution.
Meanwhile, BlockDAG (BDG) is taking a different approach, generating buzz with a recent $10 million deal with Borussia Dortmund, which includes a VIP match day experience at the upcoming game against Hoffenheim.
This exclusive event will offer stadium access, player meetups, and other perks, creating a جوش among sports fans and crypto enthusiasts. But the perks don't end there.
BlockDAG's recent presale performance has been impressive, raising $73 million and selling over 13 billion coins. This strong start has positioned BlockDAG as a project to watch, with many seeing it as a fresh opportunity in a crowded market.
The buzz around these partnerships is not just about branding; it's about building a community and enhancing BlockDAG's visibility in a highly competitive market. Rumors suggest that BlockDAG is next signing a deal with a Premier League club, which could bring in a wave of new users and investors.
There are whispers that this expansion could lead to a 20,000x ROI. With these moves, BlockDAG is positioning itself as more than just a cryptocurrency — it's becoming a household name in the crypto world with real-world connections and influence.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Chainlink (LINK) Price Skyrockets 7% as Speculations of a Chainlink ETF Gain Traction
- Sep 20, 2024 at 12:20 pm
- Chainlink (LINK) price has gained momentum following the recent TOKEN2049 event. Moreover, speculations of a Chainlink ETF are gaining traction, especially following the launch of the Grayscale XRP trust.
-
- U.S. Election Betting: CFTC, Kalshi Both Grilled by Judges in Appeals Court
- Sep 20, 2024 at 12:20 pm
- The agency appealed a lower court's decision to let the firm offer prediction markets on which party will control each house of Congress. Crypto firms are watching the case.
-
- Ethiopia, China Formalize Currency Swap Agreement Targeting Enhanced Trade Flexibility
- Sep 20, 2024 at 12:20 pm
- This significant move, announced by Finance Minister Ahmed Shide, aims to enhance trade flexibility, attract foreign direct investment (FDI), alleviate foreign exchange shortages, and strengthen economic ties between the two nations.
-
- Cryptocurrency Whale Cashes Out $3.2M in PEPE, FLOKI, and WLD Holdings, Securing a $200K Profit
- Sep 20, 2024 at 12:20 pm
- The sell-off came after the Federal Reserve's rate cut, with traders reacting to increased market volatility.
-
- Aave (AAVE) Price Prediction: AAVE Rally Appears Imminent, But Can It Break Decisive Resistance?
- Sep 20, 2024 at 12:20 pm
- As of press time, Aave [AAVE] achieved a 6.63% rise over the past 24 hours, despite its inconsistent performance over the week. Maintaining this momentum could nullify the week's losses and position AAVE for a higher trajectory than observed in the last two weeks.
-
- AERGO Price Jumps 25%: What's After Binance Contract Launch?
- Sep 20, 2024 at 12:20 pm
- Aergo (AERGO) recently made waves as its price surged by 25%, following the announcement of Binance launching USD-margined perpetual contracts for the token.
-
- TRON and Kaspa See Big Changes, But BlockDAG Steals the Spotlight With X10 Miner and 30,000x ROI Forecast
- Sep 20, 2024 at 12:20 pm
- TRON (TRX) is currently in a retracement phase, with traders closely watching for signs of a rebound. At the same time, Kaspa (KAS) holders are hoping for a price recovery, as technical indicators suggest the coin may have hit its lowest point. Amid this uncertainty, BlockDAG is stealing the spotlight.
-
- Claim $SHIB or Stay Poor: You Decide!
- Sep 20, 2024 at 12:20 pm
- How to be eligibile Shibwifhat Airdrop: Quick Guide
-
- Bitcoin Rises Following FOMC Rate Decision
- Sep 20, 2024 at 12:20 pm
- The most recent FOMC meeting set the stage for Bitcoin's price jump of 4.42% to $62,605. The committee, in releasing the first quarter monetary policy statement, decided to reduce interest rates by 50 basis points, which influenced the market positively.