This week, the cryptocurrency market has seen massive gains and sharp declines. Avalanche has experienced a significant price drop, and it seems more are on the way. Cardano has also reached its lowest trading volume in 2024 and might continue to fall.
In contrast, BlockDAG has quickly raised $10 million in just 72 hours, thanks to significant interest from major traders. This boost follows a 50% bonus offer from BlockDAG, celebrating their successful test network launch. BlockDAG is making strides, and traders are keen to see what comes next for this digital currency.
Avalanche’s price has fallen by 21% from a recent high of $30, showing signs of potential market instability. Earlier this year, it hit a peak of $65 but has since been on a downward trend, now testing support levels near $20.
Despite a short-lived recovery, there's worry about whether this is the start of a new upward trend or just a brief respite before more declines. Analysts consider the $30 resistance level crucial for determining Avalanche’s future direction. If Avalanche can’t surpass this level, the price might continue to drop, potentially reaching lower levels in the weeks ahead.
Recent developments suggest Cardano could face a 30% drop in price, as data shows increasing selling pressure. According to Santiment, the number of daily active Cardano addresses has decreased from 52,000 to 22,000 since early September.
Furthermore, trading volume has reached its second-lowest point in 2024 at $458 million, and ADA’s price has dropped by 17% over the last month. Although there is some activity from major traders, the overall downward trends might drive Cardano’s price even lower if it doesn’t overcome the $0.41 resistance level. If this trend continues, ADA might reach a yearly low of $0.27, presenting significant challenges for the digital currency.
BlockDAG has seen a dramatic increase in its presale, bringing in $10 million in just three days. This quick injection of funds comes from growing interest among large traders, who are eager to maximize their returns.
BlockDAG’s advantageous spot in the recent market uptick has boosted this growth, pulling in significant funds to the project. With the coin price now at $0.0206 in batch 24, and a total of over $92 million raised from the sale of 14 billion coins, BlockDAG’s presale has far surpassed expectations.
BlockDAG’s attractive 50% bonus offer on all coin purchases, still available for the next seven days, has played a big role in the presale’s strong performance over the past three days. This deal has motivated big holders to move quickly, keen to take advantage of the significant return opportunities BlockDAG’s presale presents. Traders interested in getting involved can use the code BDAG50 until October 14th.
Early supporters are particularly excited about how fast the presale is moving. With such swift expansion and major support from large traders, BlockDAG’s presale has quickly become one of the fastest-growing cryptos in its early stages. The mix of strong market confidence and this time-limited bonus offer has whipped up the perfect storm, catching the attention of both major traders and the broader crypto community.
In a twist of fate, Avalanche & Cardano are facing potential price declines that loom over their communities, and only time will reveal their paths. However, in stark contrast, BlockDAG is experiencing significant activity from large traders, which has dramatically increased its presale numbers.
BlockDAG’s presale achieved $10 million in just 72 hours, fueled by their 50% bonus offer that let large traders get more BDAG for their money. As the presale continues to build momentum and with the bonus offer closing in seven days, traders are keeping a close watch on BlockDAG to see its progress in the coming week.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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