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Cryptocurrency News Articles

BlockDAG Smashes $100M Presale Mark: What's Driving the Surge?

Oct 20, 2024 at 12:00 am

BlockDAG has just blasted through the $100 million mark while being only halfway through its presale. In a matter of months, this rapid rise has taken the crypto community by surprise, and it all points back to BlockDAG's incredible technical achievements.

BlockDAG Smashes $100M Presale Mark: What's Driving the Surge?

BlockDAG has achieved a remarkable milestone by surpassing $100 million in presale revenue within a few months of its launch. This achievement is largely attributed to BlockDAG's strong Testnet performance and the platform's ability to attract large-scale whale activity. Currently priced at $0.0206 per coin, BlockDAG is poised for further appreciation, with some predicting it could reach $20 by 2027.

In contrast, Cardano's price prediction is unfolding differently. Despite boasting a strong community and a slew of upcoming developments, ADA's price has remained largely stagnant for an extended period. Currently stuck at $0.35, ADA shows no clear signs of an impending rally.

Meanwhile, Uniswap has recorded a 9% surge in transactions over the past 24 hours. This surge comes as no surprise, as Uniswap is known for facilitating the vast majority of decentralized exchange (DEX) trading volume. Over the past 24 hours, DEX trades have crossed the astronomical figure of $544 trillion.

Cardano Price Prediction: Will ADA Finally Break Free?

Having entered a 4-month sideways trend, Cardano (ADA) is charting a symmetrical triangle pattern on the technical charts. This pattern typically precedes a breakout and, in ADA's case, could herald a breakout from its current price stagnation. While the price has hovered around $0.35, a rise above this level could indicate a move toward the $0.40 price point.

This possibility is further supported by the actions of larger investors, who have increased their holdings by 3.59%. This growing confidence in ADA could propel the coin to new heights, with some predicting a potential 15% increase in the coming days. If this pans out, ADA could climb to around $0.39 by next week.

However, it is crucial to note that this price prediction is based on technical analysis and the collective observations of the crypto community. Prices can fluctuate rapidly and drastically in the world of cryptocurrencies, and no predictions are set in stone. It is always advisable to conduct thorough research, exercise caution, and trade responsibly.

Uniswap Trading Volume Surges to $544 Trillion Mark

Uniswap, being a popular decentralized exchange (DEX), has driven a major spike in DEX trading volume. This platform's contribution is evident as total trades have crossed the astounding figure of $544 trillion. Over the past 24 hours, Uniswap's trading volume has surged by over 9%, contributing significantly to this growth.

This boost coincides with Uniswap's recent launch of its Layer 2 solution, which promises lower transaction fees and better scalability. As a result, users can trade larger volumes of crypto assets more efficiently, boosting overall DEX activity.

BlockDAG Smashes $100M Presale Mark: What’s Driving the Surge?

In a short span of time and with only halfway through its presale, BlockDAG has just blasted through the $100 million mark. This rapid rise has taken the crypto community by storm, and it all points back to BlockDAG's incredible technical achievements. Leading the charge is their Testnet, which has been instrumental in drawing in major holders i.e. the whales.

Several whales have poured millions into the presale, with one holder alone contributing $3 million. When whales make moves like this, it's a clear sign that BlockDAG is on a major upward path. The ripple effect is real, with thousands of retail holders joining the platform every day

BlockDAG's presale story is just as impressive. Since Batch 1 kicked off, its price has shot up by an incredible 1960%. So far, 23 out of 45 presale batches have already been snapped up, with over 14.3 billion BDAG coins claimed. Currently, BDAG is priced at $0.0206 per coin in Batch 24, but experts predict it could reach $20 by 2027.

Now that the $100 million milestone is crossed, demand for BlockDAG is at an all-time high. But Batch 24 is quickly running out, and the next batch will likely come with a higher price tag. If anyone is thinking about getting in, “now” is the moment. The opportunity is still open, but Batch 24 won't last much longer.

2024’s Biggest Breakout Crypto

While Cardano is still struggling to break free from its $0.35 price stagnation and Uniswap's trading volume keeps rising, neither compares to the explosive potential of BlockDAG right now.

BlockDAG's meteoric rise to $100 million in presale revenue is just the beginning. Early holders have already seen an incredible 1960% price increase, and with predictions that BDAG

News source:financefeeds.com

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