BlockDAG: The Crypto Traders Are Flocking To

Bitcoin, Filecoin, and BlockDAG are all in the news for different reasons. While Bitcoin is adjusting after a recent rally and Filecoin is seeing some interesting price action, BlockDAG is grabbing attention with its unique strategy of partnering with big names in sports.

Bitcoin (BTC) price showed signs of adjustment on Monday, April 17, dropping below the $63,000 mark as some traders took profits following a recent rally.

However, the world’s largest cryptocurrency by market capitalization remained resilient despite the slight dip, showing a holding pattern that sparked optimism among traders. BTC price dropped by 1.4% in 24 hours.

According to CoinGecko, other major cryptos also saw slight decreases. Ethereum (ETH) price fell by 1.8%, Binance Coin (BNB) dropped by 2.4%, and Cardano (ADA) slid by 1.9%. Meme coin Dogecoin (DOGE) took a bigger hit, falling by 4%.

Toncoin (TON) price also tumbled by 4% after news surfaced regarding Telegram’s CEO. Despite the slight dips, the market sentiment remained positive overall.

According to QCP Capital, a trading desk based in Singapore, there was a lot of activity in call spread buying, which indicated that traders were still upbeat but not anticipating a significant surge in the short term.

The trading desk noted that BTC and ETH were currently leaning more towards protective puts than calls, an indication that the market was playing it safe while still aiming for some gains.

Filecoin (FIL) price went on a rollercoaster ride, catching the attention of traders with a rapid surge. After a prolonged period of stagnancy, FIL price jumped from $3.50 to hit $4.17.

However, the celebration was short-lived as FIL price quickly slid by 4.6% in the last 24 hours, highlighting the unpredictable nature of the crypto market.

Currently, Filecoin has a market cap of $2.4 billion, ranking 41st among the top cryptocurrencies. But it’s still a far cry from its 2021 high of $236, sparking debates on whether it can reach those heights again this time around.

For those keeping a close eye on Filecoin, the question is whether this recent rise is the beginning of something bigger or just a blip on the radar. The jury’s still out, but for now, it’s one to keep on your watchlist.

BlockDAG, a crypto that’s been making waves with its unique strategy, scored big with a partnership that put it in the spotlight.

While Bitcoin and Filecoin navigate the market fluctuations, BlockDAG took a different route by teaming up with Inter Milan, one of the biggest names in European soccer. This isn’t just another crypto-sports partnership; it’s a strategic move to get BlockDAG noticed by millions of fans.

BlockDAG aims to boost its reputation in the European market and beyond by partnering with a club with a massive following. The partnership will feature digital campaigns and social media content that puts BlockDAG front and center.

Inter Milan players will be involved in the digital activations, creating a buzz that will spark conversations about BlockDAG among soccer fans and crypto enthusiasts. This visibility will likely translate into greater adoption and drive up the value of BlockDAG holdings.

And let’s not forget the impressive stats from BlockDAG’s ongoing presale. The project has raised a total of $69.4 million in 22 presale batches, with the price per coin surgin