BlockDAG Raises $213M from Presale as AVAX Bleeds Below Support, TON in Recovery Mode

The latest Avalanche (AVAX) price forecast has raised concerns among holders, as the coin struggles to reclaim the $20.00 support

The latest Avalanche (AVAX) price forecast has brought a crucial juncture for the coin, as it struggles to reclaim the $20.00 support after a recent correction pushed the coin down by 15% in the past week. Most AVAX holders are not selling at a loss and are instead holding onto their positions, reducing downward pressure and setting the stage for a potential recovery.

However, if AVAX fails to maintain the $18.27 level, it could slide further to $16.25. Conversely, if it manages to flip $19.86 into support, the Avalanche price forecast will lean more bullish, signaling a potential move toward $22.87.

On the other hand, many altcoins saw a brief pause in selling last month, only to lose steam after being rejected sharply. Toncoin’s price analysis, however, shows that its retracement and V-shaped recovery pattern are still unfolding. If this bullish trend continues, the coin could see a bounce back soon.

According to Toncoin’s price analysis, the key level to observe is $3.52—if this support doesn’t hold, the price could drop further, possibly down to $3.18, $2.74, or even $2.36. In the opposite scenario, if Toncoin picks up momentum, it could push towards resistance levels at $4.79 and $5.66.

As one of the fastest-growing altcoins in 2024, BlockDAG has made a significant impact with its impressive fundraising total of $213 million—achieved entirely without any venture capital contributions. This milestone was reached through the sale of over 19.1 billion coins, which are now held by more than 170,000 unique members of the rapidly growing community.

At the recent launch of Keynote 3, CEO Antony Turner revealed the exciting plans for these funds, stating, “This isn’t just capital—it’s fuel for innovation, expansion, and the next evolution of blockchain technology.” The vast majority of the funds will be allocated toward enhancing BlockDAG’s core technology, improving the mainnet’s speed and reliability, and setting the stage for long-term growth.

However, this isn’t just focused on tech upgrades—a portion of the funds will also be used to expand BlockDAG’s global presence and strengthen community engagement, aiming to forge stronger connections with users worldwide. Moreover, the network’s ongoing partnerships with renowned brands like Inter Milan and UFC will be crucial in expanding BlockDAG’s footprint into new markets and driving further adoption.

With over a third of its $600 million presale target already achieved, BlockDAG has also earned recognition from analysts as one of the best cryptos for future gains. Currently priced at $0.0248 in batch 27, projections suggest it will reach $20 by 2027.

This projection, made by a leading crypto analyst, promises early buyers the potential for over 800x returns in just two years. For anyone seeking substantial long-term growth and utility, now is the ideal time to join the BlockDAG presale before batch 27 sells out completely.