Major developments are unfolding in the world of crypto. Uniswap, the largest decentralised exchange (DEX), turns heads once again with a massive $5 million ETH burn, solidifying its dominance in the DeFi space.
That’s not the only big move in crypto right now, Bitcoin Cash shows signs of a breakout with traders eyeing a potential surge to $500 if key resistance levels are breached.
In the biggest news of all, BlockDAG has surpassed the massive $100 million presale milestone, now setting its sights on reaching the $600 million goal in the coming months. Its groundbreaking Testnet and unmatched scalability position BlockDAG as the crypto to dominate in 2024.
Uniswap News: Leading DEX Uniswap Burns $5M in ETH
Uniswap, the largest decentralised exchange (DEX), has taken the lead in Ethereum burns, showcasing its dominance in the DeFi space. Over the past week, Uniswap burned an impressive 1,841.9 ETH, valued at approximately $5 million. This burn rate highlights Uniswap’s massive transaction volume as users swap tokens seamlessly on the platform.
By consuming such a large amount of ETH, Uniswap significantly contributes to the reduction of Ethereum’s circulating supply, which can directly impact ETH’s price. This burn process makes Uniswap a key player in the DeFi space and highlights its role in driving scarcity for ETH. As more people use the platform, it’s clear that Uniswap plays a major part in shaping the future of decentralised finance.
Bitcoin Cash Nears Breakout with Eyes on $500
Bitcoin Cash (BCH) is at a critical breakout point after facing resistance from a descending trendline since Q2 2024. After struggling around the $300 support level for months, BCH has bounced back and is now trading at $364.80. BCH has started to show signs of bullish momentum, though it faces resistance near the breakout zone.
If BCH can break through the $430 level, it might quickly rise to $500. However, failure to break out may lead to a bearish reversal, with the price potentially falling back to $300. Indicators like the MACD are showing bullish signs, suggesting there might be a 40% gain ahead if momentum picks up. Traders are watching closely to see what happens next.
BlockDAG Crosses $100M Milestone; $600M Target Next?
BlockDAG’s presale has officially crossed the $100 million milestone, precisely at $102 million, marking a significant achievement in its journey to become one of the cryptos to dominate in 2024. This momentum is largely driven by its state-of-the-art Testnet, which showcases BlockDAG’s scalability and efficiency, and its popular ecosystem.
The excitement doesn’t stop there. Many experts are speculating that, at the current pace, BlockDAG’s presale could hit $600 million in the next two months. This prediction isn’t just wishful thinking. They are substantiated by the strong support of 170,000 plus community support and the innovative technology behind BlockDAG.
The project’s high-performance Testnet and its ability to solve key blockchain challenges like scalability and transaction speed have positioned it as a favourite among crypto enthusiasts.
As more people discover BlockDAG’s potential, the presale’s pace is expected to accelerate, making it one of the most talked-about altcoins in the market. Currently, BDAG coins are priced at $0.0206 in batch 24, delivering an incredible 1960% ROI since the presale’s first batch. If this upward trend continues, BlockDAG won’t only dominate presale charts but also reshape the crypto world with its advanced tech and growing ecosystem. For those looking to get in early on a promising project, BlockDAG is proving to be one of the most exciting projects of 2024.
The Bottom Line
Uniswap’s recent $5 million ETH burn cements its influence in the DeFi world, driving scarcity and shaping Ethereum’s future. At the same time, Bitcoin Cash is approaching a crucial breakout point, with traders closely watching its potential rise to $500.
However, BlockDAG steals the spotlight with its surge past the $100 million milestone! This has put the project on a path to becoming a dominant player in 2024. Its innovative Testnet and growing community are setting the project up to achieve a greater target of $600 million by the end of the presale.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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