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Cryptocurrency News Articles

BlockDAG Emerges as a Cryptocurrency to Consider as Tron (TRX) Investors Monitor Regulatory Developments and Bitcoin Cash (BCH) Maintains Stability

Aug 19, 2024 at 06:00 am

Tron's founder, Justin Sun, has recently advocated for China to introduce more favorable cryptocurrency regulations, echoing a broader global push for crypto-friendly policies.

BlockDAG Emerges as a Cryptocurrency to Consider as Tron (TRX) Investors Monitor Regulatory Developments and Bitcoin Cash (BCH) Maintains Stability

Tron founder Justin Sun recently urged China to reconsider crypto-friendly policies, echoing a broader sentiment expressed by U.S. presidential candidate Donald Trump. On July 28, Sun called for China to revisit its 2021 ban on digital asset transactions, which the People’s Bank of China enforced, declaring all such transactions illegal.

Sun’s appeal comes after he emerged victorious in a legal battle against Chongqing Business Media Group, which had accused him of insider trading and being under FBI investigation. The court’s ruling in Sun’s favor brought some legitimacy to the cryptocurrency sector in China. Tron investors are hoping that these developments will boost TRX’s performance in the market.

Bitcoin Cash has shown remarkable resilience throughout the year, with a 79% increase year-to-date and a weekly rise of 13.8%. The coin saw a boost following U.S. presidential candidate Donald Trump’s pro-Bitcoin remarks, despite concerns over the U.S. government moving $2 billion worth of Bitcoin.

The expected impact of Mt. Gox repayments involving BCH was also less severe than anticipated, allowing the coin to maintain its strong market performance. Bitcoin Cash continues to appeal to traders seeking alternatives, particularly those disappointed by Polkadot’s recent performance. Unlike Bitcoin, which is often influenced by large institutional players, Bitcoin Cash is valued as a currency designed for everyday use rather than financial institutions.

BlockDAG presale is gathering steam, having attracted over 100,000 unique addresses and raising $66.7 million. This influx of inflows signals strong confidence in BlockDAG’s potential for substantial returns. With crypto whales showing interest in BlockDAG, the coin is emerging as a prime option for those seeking high-growth opportunities.

Currently priced at $0.017 in its 21st batch, BlockDAG will go through a total of 45 batches before launching at $0.05. Early holders could see returns exceeding 4900% before the public launch, making BlockDAG one of the most attractive opportunities in the market. With its scalable, secure, and mineable architecture, BlockDAG is built for long-term success and is well-positioned for growth.

Experts predict that BDAG could reach $1 post-launch, a significant increase from its current presale price. This projection places BlockDAG in the same conversation as recent crypto success stories like Dogecoin and Bitcoin. With a transparent team and rapid development, BlockDAG is on track for significant growth, making it an option worth considering for those looking at high-potential cryptocurrencies. Getting involved early could be key to capitalizing on one of the most promising options in the crypto space.

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Other articles published on Nov 23, 2024