BlockDAG has made a huge splash, gathering $101.3 million from 24 rounds of a very popular presale. This big win has put BlockDAG (BDAG) in the spotlight, shining brighter than recent news about Ethereum and Binance Coin, marking it as this week's leading crypto contender. Its recent test network launch won applause for being fast and safe, even being seen as a challenger to networks like Kaspa or Solana. Early supporters have already reaped a whopping 1960% gain. With Ethereum growing steadily and Binance Coin's price climbing, BlockDAG's presale triumph marks it as a rising star in the crypto universe.
Ethereum’s Validators Thrive
Over the past year, Ethereum's validators have seen a 30% rise in numbers, topping one million for the first time in June 2024. This increase, up from 824,300 in September 2023, points to more and more big players picking Ethereum. This growth is driven by new ways to stake and restake which let validators make the most of their money and earn more on DeFi platforms.
The total amount of Ethereum staked has also jumped by 27% in the last year. With over 34.7 million ETH now staked, this boost mainly comes from the Shanghai upgrade in April 2023, which for the first time allowed ETH holders to take back their staked coins since moving to Proof-of-Stake.
Binance Coin’s Price on the Rise
The price of Binance Coin has been climbing, recently hitting over $600 for the first time since late September 2024. It's now at $601 and shows signs of going even higher, possibly reaching $800—a 35% increase. Analysts are keen as BNB’s price makes an ascending triangle pattern, suggesting the bullish trend might continue.
The market feels positive about BNB, with $64.98 million in long positions outweighing $34.04 million in short bets, showing traders expect more price increases. The relative strength index (RSI) is at 66.72, just under the point where it's considered too high, meaning there's still room for the price to go up. If it breaks through the $605-$620 resistance area, $800 is the next big target. However, if it can't stay above $580, this positive view could fall apart.
BlockDAG Blazes Trails in Crypto History
BlockDAG has done what seemed unthinkable, crossing the impressive $101.3 million threshold in no time during its presale. Achieved over 24 batches, this milestone marks BlockDAG as one of the crypto market’s most promising assets. Its swift ascent and remarkable success have thrust it into the limelight, stealing the show from giants like Ethereum and Binance Coin this week.
On September 20, 2024, BlockDAG unveiled its testnet and blockchain explorer, offering the community a sneak peek at its strengths. The testnet boasts crucial features like live transaction tracking, smart contract trials, and EVM compatibility. These features aim to draw both tech-savvy folks and regular users by ensuring transparency and user-friendliness.
The presale's results have been staggering, with early participants enjoying a 1960% profit. With the price at $0.0206 in the 24th batch, excitement is growing as the project targets a $600 million finish line. Experts believe this goal could be met in the next three months, sparking even more interest.
BlockDAG's knack for attracting hefty sums has led some to believe it could compete with big players like Kaspa and Solana. Given its unparalleled scalability and security, and with forecasts placing BDAG at $30 by 2030, this presale could go down as one of the decade's most successful.
The Bottom Line
While Ethereum validators and Binance Coin prices remain in the spotlight, both face volatility that deters inflows. BlockDAG, however, is riding a wave of success as the leading bullish crypto, achieving the unthinkable by exceeding the $101.3 million mark swiftly during its presale. Early supporters have already reaped a 1960% gain, and with BDAG expected to reach $30 by 2030, BlockDAG is fast becoming the hot asset on everyone's radar. As money pours in, BlockDAG is establishing itself as a formidable contender, potentially outshining even the biggest names in the crypto market.
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