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Cryptocurrency News Articles
Kaspa and XLM Show Resilience Amid Market Downturn, While BlockDAG Presale Heats Up the Crypto Scene
Aug 03, 2024 at 12:49 am
Some coins have made impressive recoveries as the crypto market navigates through turbulence. Despite the broader market's struggles, Kaspa recently reached a new high of $0.21. Elsewhere, Stellar (XLM) price also surged by 5%, showing resilience and a potential for further gains. But the real buzz surrounds BlockDAG, a pioneering layer 1 crypto.
As the crypto market navigates through turbulence, some coins have managed to make impressive recoveries. Despite the broader market’s struggles, Kaspa recently reached a new high of $0.21.
Elsewhere, Stellar (XLM) also showed resilience with a 5% surge, indicating a potential for further gains. But the real buzz surrounds BlockDAG, a pioneering layer 1 crypto.
Under the guidance of CEO Antony Turner, BlockDAG has captured the crypto community’s attention and achieved remarkable presale milestones. With over 100,000 backers, the project's presale has amassed over $64.2 million after the CEO interview, marking a 1600% price surge since the first batch. Turner's strategic vision and the robust presale performance position BlockDAG as a key player in the crypto market.
Kaspa’s Resilience Drives 21-Cent All-Time High
Kaspa has achieved a new milestone by reaching a nearly 21-cent peak, setting a new all-time high amidst a broader market downturn. Despite Bitcoin's recent price dip causing turbulence in the crypto market, Kaspa demonstrated resilience by posting a 3% gain over the past day and a 14.1% increase over the week, outperforming many of its competitors.
While Kaspa is yet to be listed on any major centralized exchanges, the strong trading volume of $161.5 million indicates increasing confidence in the asset. As reported by Crypto Zx, with the Kaspa all-time high surge, the asset is now in price discovery mode, making future predictions challenging but highlighting a clear upward trend in its market trajectory.
Stellar (XLM) Price Rises 5%, Hits $0.0990
In a recent intraday session, Stellar (XLM) showed resilience with a 5% surge, buoyed by Bitcoin's resilience along an upward trendline. The rally brought Stellar (XLM) to $0.0990 after a pullback from a high of $0.1140, finding support at the 50-day EMA.
This movement suggests a nearing end to the pullback, which is likely to propel XLM above the $0.1140 level soon, facilitating a bullish resurgence amid a broader market retraction. This recovery follows a period of declines, complemented by a significant 116% rise in 24-hour trading volume, totaling $116.318 million.
BlockDAG Plans Swiss Foundation for Crypto Trust
The spotlight on the BlockDAG team, led by CEO Antony Turner, has sparked immense interest within the crypto community. In a recent revealing discussion, Turner presented BlockDAG's innovative features and strategic plans.
A major update is the plan to create a Swiss Foundation to handle presale funds, ensuring transparency and establishing trust that could set new industry standards.
Turner, who entered the crypto domain in 2018 with the launch of a crypto index fund in Switzerland, brings extensive experience in Fintech, EdTech, and crypto to the table. His insights are guiding BlockDAG into new markets.
Turner passionately discussed in his interview how the crypto sector could seamlessly integrate with tradfi. Central to BlockDAG's technological advancements is the use of Directed Acyclic Graph (DAG) technology, which enhances transaction speed and efficiency—a significant step that can cement BDAG's utility and sustainability.
BlockDAG’s CEO recently highlighted the huge support from the community, with over 100,000 contributors raising more than $64.2 million for the project. As the presale hits its 21st batch, priced at $0.017, users are seeing an exhilarating 1600% price surge from the first batch.
Up until now, BlockDAG—a trailblazing layer 1 crypto—has amassed millions of dollars by selling over 12.5 billion BDAG coins, with an added $4.2 million from miner sales. Time is running out, and every second counts in seizing this transformative crypto opportunity.
Key Takeaways
Kaspa has hit a resilient 21-cent peak amidst market downturns, showcasing strong confidence with a significant $161.5 million trading volume. Meanwhile, Stellar's 5% surge to $0.0990 signals a nearing bullish resurgence, supported by solid trading activity.
Both coins demonstrate promising trends, but BlockDAG is revving up the crypto scene with its slick innovation and the upcoming launch of a Swiss Foundation. BlockDAG surpassed presale targets, raising $64.2 million with a 1600% value increase. With a rock-solid community behind it and vibes off the charts, BlockDAG's leadership underlines why this is the hot ticket in town.
Join BlockDAG Presale Now:
Website: https://blockdag
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- Bitcoin and Ethereum Show Strong Growth as Bulls Drive Prices Toward Key Levels
- Nov 23, 2024 at 08:20 pm
- According to ChangeNOW, a registration-free cryptocurrency exchange service, transaction volumes for Bitcoin and Ethereum have increased. This surge suggests that savvy investors and large holders concerned about fund safety are accumulating, hinting at possible future growth for these coins.