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Cryptocurrency News Articles
BlockDAG Emerges as the Best Crypto to Buy in 2025, With Presale Nearing $600M Target and 10 CEX Listings Planned
Jan 18, 2025 at 10:00 pm
Amid Bitcoin's surge past $90K, altcoins have experienced increased volatility and critical price movements. Here's a closer look at Avalanche, Litecoin, and BlockDAG's latest developments.
1. AVAX Nears Key 200DMA Retest, Poised for Rebound from 35% Dip
The Avalanche (AVAX) price analysis reveals that this altcoin is nearing a critical retest of the 200DMA. Currently trading at $34.14, AVAX has seen a steep 6.65% drop in the past 24 hours and an even more concerning 35% decline month-on-month. This alarming AVAX price analysis stems from market-wide uncertainty triggered by Bitcoin’s recent fluctuations.
Now at a critical historical support level of $30.80, Avalanche appears poised for a key test. If it can bounce back strongly from this zone, AVAX could regain bullish momentum and reclaim its position. While the immediate focus is on surpassing the descending 20DMA at $38, the worst-case scenario sees AVAX testing the $25 support zone.
2. Litecoin ETF News: Price Drops as Approval Odds Shrink
The prospects for a Litecoin ETF approval in 2023 have taken a sharp hit, contributing to the altcoin's lackluster performance. Trading at $94.89 after a 22% drop over the past 30 days, Litecoin has struggled to regain its footing alongside other major cryptocurrencies. This decline is largely due to waning confidence in the SEC approving a spot Litecoin ETF this year.
Polymarket data reveals that odds for approval have plummeted from 75% in December to just 24% as of mid-January. However, even if approval is granted, there are concerns about institutional interest. Historical data shows that even Bitcoin and Ether ETFs represent only a small fraction of their total market caps. For Litecoin, this adds another layer of uncertainty.
3. BlockDAG's Upcoming 10 CEX Listings to Boost Global Adoption
BlockDAG's presale performance is already turning heads, with over $181.5 million raised and more than 17.9 billion coins sold across 27 batches. The BDAG coin is currently priced at $0.0248 in batch 27, up 2,380% since batch 1. The steady increase in price across batches highlights the strong confidence holders have in the project and demonstrates the enthusiasm surrounding BlockDAG.
Adding to the excitement, BlockDAG is preparing to launch on 10 major centralized exchanges (CEXs) in 2023. These listings will dramatically enhance the coin’s accessibility and liquidity, opening doors to a global audience and significantly increasing trading activity.
In addition to that, BlockDAG's mainnet is also expected to launch this year, making BlockDAG's high-performance decentralized network fully operational and boosting its technical superiority and market position. Together, these developments signal a significant leap forward for the project, positioning it as the best crypto to buy in 2023.
This combination of a record-breaking crypto presale, the 10 upcoming CEX listings, and a fast-approaching mainnet launch has brought BlockDAG closer than ever to its $600 million presale target.
The broader accessibility through CEXs will drive post-listing demand, creating a ripple effect on price and adoption. With just a few batches remaining in the presale and demand rising by the day, purchasing BlockDAG right now offers the potential for substantial ROIs in the weeks and months ahead.
Which Is the Best Crypto to Buy In 2023?
The crypto market presents unique opportunities and challenges, as seen in the latest Avalanche price analysis, with AVAX facing a critical retest of the 200DMA that could trigger either a rebound or a drop to $25. Meanwhile, doubts over the approval of the Litecoin ETF continue to strain LTC’s price and outlook.
In contrast, BlockDAG is surging ahead, with the 10 upcoming CEX listings and a highly anticipated mainnet launch. These steps are set to enhance accessibility and liquidity which will further drive demand, potentially bringing massive surges in BDAG’s price. This positions BlockDAG as the best crypto to buy in 2023, with the potential to surpass its $600 million target sooner than expected.
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.
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