|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Trading Picks Up As September Shows Promise
Sep 29, 2024 at 07:56 am
This September, Bitcoin has resiliently surged 22% from its lows of $52,500, breaking the typical downtrend of the month.
Bitcoin trading is picking up steam as the market finds its footing after a period of volatility. Litecoin price forecasts are also emerging as the crypto navigates bearish trends. Meanwhile, emerging projects like BlockDAG are capturing attention with their Layer 1 networks and presales.
Bitcoin trading picks up as September shows promise
This September has seen Bitcoin (BTC) defy the typical downtrend of the month, instead surging 22% from its lows of $52,500. As the market watches on, the key level of $65,200 is being eyed to see if Bitcoin will scale this current barrier.
In a trend that has been observed throughout Bitcoin’s market behavior, the market has been trading within tight ranges for 126 days, now between $59,700 and $65,670. This follows previous cycles that saw the price trade within narrow bands before making substantial movements.
However, this cycle has seen a muted volatility, with a maximum drop of just shy of 30%, which has been appealing to institutional investors who prefer stability over wild price swings. Despite the challenges, Bitcoin continues to be a crucial asset for both steadfast investors and speculative traders.
Litecoin’s price projections: Treading through bearish waters
Currently trading at around $67.80 amid prevailing bearish sentiments, Litecoin (LTC) faces sell-offs approaching the $70 level, with substantial resistance at $69.2 and support near $58.8. Ranked 20th in the market with a capitalization of $5.87 billion, LTC has seen a 1.3% decrease in price over the last day, influenced largely by Bitcoin’s recent maneuvers.
Despite this, there is a guarded optimism surrounding Litecoin’s outlook. Price estimates for September 2024 suggest fluctuations between $59 and $75. Looking forward, the 2025 forecasts indicate potential growth, with values expected to range from $156 to $175, hinging on broader market trends and general acceptance that may bolster Litecoin’s appeal as an investment.
BlockDAG rolls out 50% bonus as it readies for a major brand overhaul
As BlockDAG gears up for a significant brand overhaul, it is making strides with the launch of its Testnet and Blockchain Explorer on Sept. 20, 2024, which is being celebrated by the community. This marks a key milestone in the project’s roadmap towards the Mainnet release, offering the community a hands-on experience with its innovative Layer 1 network.
The Testnet introduces several crucial functionalities aimed at enhancing user engagement. The blockchain explorer provides detailed insights into blocks, timestamps, and transactions. Through the blockchain faucet, enthusiasts can create BDAG coins on the Testnet and manage transactions using the MetaMask wallet. The Testnet also supports smart contracts, allowing for activities like NFT minting, coin staking, or token burning within a secure testing environment.
In anticipation of the rebrand, BlockDAG has unveiled an enticing 50% bonus on all coin purchases using the ‘BDAG50’ code until Oct. 14. This initiative, which is being warmly received by the market, is set to significantly bolster the presale.
With over $77 million already raised, BlockDAG has distributed over 13.2 billion BDAG coins across 23 batches, with each batch marking a price uptick — the current rate at $0.0192 showcases an impressive 1820% rise from the initial $0.001. Experts now anticipate that early backers could witness returns as high as 20,000x.
With cutting-edge technology and robust community backing, BlockDAG is cementing its position as a top cryptocurrency option. The fusion of the Testnet launch, substantial bonus offerings, and the upcoming rebrand presents a compelling financial opportunity for those seeking substantial growth prospects. As the project advances, it is poised to make a significant mark on the cryptocurrency landscape.
Final thoughts
While Bitcoin trading and Litecoin forecasts maintain a steady course, BlockDAG sets itself apart with a fresh approach and notable market achievements. Having already secured over $77 million in its presale, BlockDAG now extends a 50% bonus on coin purchases with ‘BDAG50’, gearing up for an exciting rebrand.
This promotion, active until Oct. 14, has captured considerable interest. With its advanced testnet launch and a forward-thinking network, BlockDAG is swiftly becoming the go-to crypto for traders seeking high returns and innovative technology in the bustling crypto scene.
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.
-
- Bitcoin Eyes $70K as Stablecoins Flood the Market
- Sep 29, 2024 at 11:25 am
- For months, Bitcoin seemed locked in a stagnant trend, with its wild price swings tamed and skeptics once again questioning its long-term viability.
-
- Dogecoin (DOGE) Rallies 10% in 24 Hours, Aims for New Highs Before Year-End
- Sep 29, 2024 at 10:25 am
- In the past 24 hours, Dogecoin displayed roughly a 10% price action. On Saturday, it went from a $0.1206 low to a $0.132 high before settling with a 3% gain
-
- The Paralyzing Perfectionism of Martha Stewart
- Sep 29, 2024 at 10:20 am
- In an interview with Oprah Winfrey in 2000, Martha Stewart described herself as a “maniacal perfectionist.” You remember Martha Stewart, right? A woman whose career has spanned six decades. A woman who turned a Connecticut-based catering business into a billion-dollar corporation. Someone who has cultivated publicity-provoking friendships with a wide cast of famous characters: Donald Trump, Justin Bieber, Snoop Dogg. And most recently, a woman who, now in her eighties, appeared as the cover girl for the Sports Illustrated Swimsuit Issue 2023.
-
- Minnesota Gov. Tim Walz (D) and Sen. JD Vance (R-Ohio) to Go Head-to-Head in First Vice Presidential Debate Tuesday
- Sep 29, 2024 at 10:15 am
- The two running mates have never locked horns before in a debate format, but they have continuously traded jabs on the campaign trail.
-
- Ruto, Gachagua Fight for Political Survival as Raila Emerges Lifeline and Liability
- Sep 29, 2024 at 10:15 am
- They are on different sides of the coin but their situation is much the same. Both President William Ruto and Deputy President Rigathi Gachagua find themselves fighting for their political survival.
-
- BlockDAG Unleashed: Testnet Triumph Signals Big Wins in Crypto's Future
- Sep 29, 2024 at 10:15 am
- BlockDAG's Testnet has only been active for a brief period, but it has already demonstrated the platform's robust capabilities.
-
- ETFSwap (ETFS): A Promising Alternative For Ripple (XRP) Investors
- Sep 29, 2024 at 10:15 am
- Ripple (XRP) has been a popular choice among cryptocurrency investors, but recent analysis highlights concerns. Experts warn that its volatility and regulatory uncertainties pose risks, prompting investors to reconsider their positions and look alternative options like ETFSwap (ETFS), with greater stability and growth potential.
-
- ETFSwap (ETFS) Emerges As Investors' Top Choice For Supremacy
- Sep 29, 2024 at 10:15 am
- Dogecoin and Shiba Inu investors think the market is going to shift its perspective on ETFs. These investors believe ETFSwap (ETFS) would spur this transition by tokenizing ETFs and increasing demand and have invested $4 million in its presale rounds.
-
- Shiba Inu (SHIB) Price Prediction: Can SHIB Continue to Explode?
- Sep 29, 2024 at 10:15 am
- Shiba Inu has enjoyed an explosive rally this week, fueled by a growing bullish sentiment in the crypto market. But can SHIB continue to explode in the months ahead?