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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

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Crypto Whales Transition to BlockDAG, Selling Over 10.3 Billion Coins as Retik Finance Plummets 43% in One Day

May 31, 2024 By Crypto Reporter

In the chaotic currents of the cryptocurrency market, BlockDAG shines as a beacon of innovation and dependability, attracting a torrent of investors after Retik Finance’s steep 43% fall. BlockDAG’s cutting-edge Directed Acyclic Graph (DAG) technology enhances transaction efficiency and scalability, setting it apart from traditional blockchain platforms. This technological advantage has ignited an 850% increase in the value of its coin, propelling a thriving $37.8 million presale selling over 10.3 billion coins that underscores strong market endorsement and investor confidence.

BlockDAG’s Remarkable Presale Hits $37.8M

BlockDAG is reshaping the cryptocurrency world with its superior DAG technology, which significantly boosts transaction speed and capacity over old blockchain models. This innovation has launched the value of BlockDAG’s coin by a notable 850%, now listed at $0.0095 in its 16th release. The campaign has successfully gathered $37.8 million, issuing over 10.3 billion coins and selling more than 6,624 mining devices, solidifying firm market trust and investor belief.

As BlockDAG races to its 45th and final release, its consistent pledge to transparency keeps pulling considerable investor attention. High-impact events and strategic partnerships have significantly boosted the platform’s stature and allure. Important occasions like a dynamic presentation in Shibuya, Japan, and a grand event in London’s Piccadilly Circus have been critical in enhancing its market footprint.

Moreover, the recent debut of an updated dashboard has markedly improved the platform’s user interface and functionality. These advancements reinforce BlockDAG’s position as a frontrunner in the crypto industry, establishing new benchmarks for technological advancement and investor assurance.

Challenges Loom for Retik Finance Amidst Market Slump

Currently, Retik Finance is wrestling with tough market conditions, evidenced by a drastic 43.45% fall in its price to $0.6986. The token teeters on the brink of its downward trajectory, with a support level at $0.5661 providing some resistance against further drops.

If the present positive momentum fades, RETIK might struggle to break through the resistance near the 50-day Simple Moving Average (SMA). Although there’s a slight improvement in the Relative Strength Index (RSI) from the oversold area and a bullish turn in the Moving Average Convergence Divergence (MACD), a 5.23% reduction in trading volume indicates that buying force may not be enough to reverse the downtrend.

Despite hopeful signs on the histogram and an Average Directional Index (ADX) at 45, signaling potential bullish movements, the persistent threat of more downturns keeps investors wary of Retik Finance.

BlockDAG X30 Miner: Maximizing Mining Productivity

Boost your mining productivity with the BlockDAG X30 Miner, a streamlined and robust machine that triples your production with an impressive 280 GH/s hash rate. Designed for silent operation, it integrates effortlessly into various setups.

Equipped with premier ASIC technology, the X30 Miner optimizes performance within the BlockDAG network, enhancing your chances for significant mining gains. It appeals to both beginners and veteran miners, providing around $30 in daily passive income, making it a vital component of any crypto mining portfolio.

BlockDAG Prevails as Retik Finance Struggles

As the crypto landscape evolves, BlockDAG remains a standout with its robust technological base and strategic positioning in the market, driving its presale to $37.8 million selling over 10.3 billion coins. The recent decline in Retik Finance has led investors to seek more stable opportunities, with many turning to BlockDAG, drawn by its continuous innovation and strong performance. Committed to transparency and with the innovative BlockDAG X30 Miner enhancing mining efficiency, BlockDAG is poised to lead the sector, offering stability and expansion in a fluctuating market.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: BlockDAG

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