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Cryptocurrency News Articles

Cardano on the Verge of a Breakout, DOT Dips; Is BlockDAG's Next Big Move Coming After $100M Success in Presale?

Oct 25, 2024 at 07:00 pm

Market trends influence decisions, and the crypto community is always ready to act. Cardano (ADA) is holding traders' attention with signs of a potential jump to $0.54

Cardano on the Verge of a Breakout, DOT Dips; Is BlockDAG's Next Big Move Coming After $100M Success in Presale?

Cardano (ADA) is showing signs of a potential price surge to $0.54, according to recent analysis. The coin has been holding strong above the crucial $0.33 mark, setting the stage for a potential 58% price increase. Renowned crypto analyst Carl Runefelt has highlighted this possibility, noting that ADA could break out if it manages to climb past its current stable range.

Presently trading at $0.34, ADA experienced a slight drop from earlier in the week when it reached $0.37. However, as it approaches the $0.40 level again, optimism is building for ADA to embark on a long-term upward trend. On the other hand, if Cardano fails to break through, it might have to settle for a period of steadiness.

Meanwhile, Polkadot (DOT) continues to face challenges in maintaining an upward momentum, currently priced around $4.21. It had a brief moment above $4.50 but lost steam as sellers returned. In recent days, it has fallen below its 20 and 50-day averages, sparking concerns of further drops.

DOT’s recent attempts to recover have had varying success. It rose by 5.05% earlier in the week but encountered resistance at $4.50 and dropped to $4.32. As the bearish sentiment persists, market observers believe DOT might test the $4 level again.

BlockDAG Nears Major Exchange Listings as Presale Hits $102M!

BlockDAG has been making waves recently, with increasing chatter about its potential listing on major exchanges. This excitement stems from BlockDAG’s strong technical developments, including the successful launch of its Testnet and the nearing completion of its Mainnet development.

These tech leaps have generated a massive demand for BDAG coins, catching the attention of major exchanges that are expected to offer the coin once the presale concludes. With each step forward, BlockDAG is gradually cementing its place in the next major crypto boom.

Experts are monitoring BlockDAG’s presale closely, seeing it as a clear indicator of its potential for growth. In just a short time, over 14.4 billion BDAG coins have been sold, amassing $102 million. The current price of BDAG coins at $0.0206 shows a 1960% increase, a boon early participants have already reaped, starting from an initial price of $0.001.

With over 140,000 unique holders globally, BlockDAG has certainly shown it has what it takes to attract those in the market and crypto fans seeking substantial growth chances.

Analysts believe that once BDAG is available on major exchanges, it could boost its liquidity and visibility in the market even further. This is expected to drive the coin’s value up, rewarding those who got involved early with higher returns.

Join BlockDAG – Act Now Before Prices Increase:

Presale – Website – Telegram – Discord

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Other articles published on Nov 15, 2024