The recent liquidation trends in Near Protocol show a clear decline, with its price falling to $5.94 and experiencing a 5% drop this past week, defying traders' expectations for a rebound. Meanwhile, Bittensor (TAO) holds steady, its value unaffected by the broader market's fluctuations.
Under Antony Turner's guidance, BlockDAG (BDAG) has burst onto the crypto scene. Turner's deep tech and blockchain experience has fueled a presale that has soared to $62.8 million. The anticipation surrounding the leadership team's unveiling suggests that BlockDAG might climb into the top 30 on CoinMarketCap upon its debut.
Near Protocol is currently priced at $5.94, having fallen nearly 5% over the last week. This downturn has significantly influenced futures traders who were betting on an upturn, resulting in substantial liquidations. In the unpredictable cryptocurrency derivatives market, these liquidations occur when the market shifts against traders' positions.
Over the past week, long position liquidations in Near Protocol have totaled approximately $2.31 million, as reported by Coinglass. Despite these challenges, interest in long positions remains high in Near Protocol's futures market, with a current funding rate of 0.0047%, indicating continued engagement despite the recent liquidations.
Following a sharp 70% drop recorded on July 4, Bittensor (TAO) stabilized at a support level of $190. From this base, its price began to recover, eventually hitting $270. This marked the start of a recovery period that continued into the following week.
However, the rise stalled at $360, which seems to act as a resistance level for Bittensor (TAO). The momentum faltered at this price, suggesting a significant hurdle. The rally was partially driven by the overall uptrend in the cryptocurrency market and news about Grayscale's new fund focusing on decentralized AI technologies, including Bittensor (TAO).
BlockDAG has recently electrified the blockchain industry with a crucial team reveal, drawing intense focus on Antony Turner as the CEO. This strategic announcement has ignited substantial excitement, reshaping the competitive landscape and positioning BlockDAG as a strong contender in the crypto field.
Antony Turner, leveraging his 20-year leadership in tech sectors like FinTech and EdTech and his tenure as COO at SPIRIT Blockchain in Switzerland, is ideally suited to lead BlockDAG. The disclosure of Turner as CEO has enhanced investor confidence, promising a stable and thriving path for BDAG.
The crypto community has enthusiastically welcomed the new leadership, with investors attracted by the project's solid prospects under Turner's management. His extensive background and visionary approach are crucial in driving BlockDAG's remarkable success, as evidenced by the rapid presale growth and $62.8 million raised with 12.4 billion coins sold, pointing to a bright future as market analysts predict BlockDAG's entry into the top 30 on CoinMarketCap. As the journey progresses, Turner's skilled leadership is poised to make BlockDAG a standout in the crypto world.
As blockchain technology continues to transform financial landscapes, BlockDAG stands out, thriving amidst Near Protocol's liquidation events and Bittensor's steady market presence. Recognized as a pioneering crypto, BlockDAG's impressive $62.8 million presale under Antony Turner's strategic leadership provides exciting opportunities for progressive investors.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.