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Crypto Reporter

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

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BlockDAG Presale Raises Over $101M Milestone — Ethereum and Solana Predicted to Bounce Back

October 24, 2024 By CryptoReporter

Ethereum and Solana are looking up, with big Ethereum holders adding more to their stash and forecasts for Solana hinting at an upcoming rise. While these well-known cryptos slowly advance, people are noticing BlockDAG (BDAG), which stands out in the market. BlockDAG has made a name for itself with its efficient and secure first-layer network, challenging Solana and Kaspa.

Right now, BlockDAG is in the early stages of its pre-sale but has already done better than many established names by drawing more money and interest. Those who supported it early have seen returns as high as 1960%, and the project has raised over $101 million, making it a top crypto choice.

Ethereum Whales Boost Their Holdings

Ethereum whales have been busy collecting more ETH, adding over 1.7 million ETH to their wallets in the last 30 days, worth nearly $4.5 billion, with each ETH costing about $2,600 on average. Data from IntoTheBlock shows that these big holders are mostly buying, with selling happening on just three days in this period. This strong buying shows they are confident about Ethereum’s price rising to $3,000 soon.

At the moment, Ethereum’s price is about $2,613.30, showing a slight increase of 1.03%. Recent big purchases of 175,000 ETH, worth around $455 million, signal increasing optimism. If this buying trend keeps up, Ethereum’s price might climb further, aiming for the $3,000 mark, which is an important level to watch in the weeks ahead.

Solana’s Price on the Rise

Solana’s price is climbing, now over $150, fueled by more activity on its blockchain and an increase in meme coin holders. In the last month, there’s been a 7% jump in activity on Solana’s blockchain, showing more demand and interest. Analysts have pointed out solid support levels at $134.27 and $144.71, helping stabilize Solana’s price during this growth.

Forecasts suggest Solana might increase by nearly 12%, pushing its price towards the $169.43 mark. Indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) show strong upward momentum, with Solana’s RSI still far from the overbought zone. With these strong signs, Solana is expected to keep its upward trend, possibly reaching new heights as the market progresses.

BlockDAG Presale Breaks All The Records!

While Ethereum and Solana are well-known leaders, BlockDAG is making its mark with a fresh approach to blockchain technology. Its testnet, launched in September 2024, has received high praise. The network’s blend of top efficiency and strong security has made it a talked-about challenger to both Kaspa and Solana.

The BlockDAG testnet offers several impressive features, such as a blockchain explorer, faucet options, and support for Ethereum Virtual Machine (EVM) transactions. Users can create BDAG coins, link their MetaMask wallets, and try out smart contracts, diving deep into the network’s features. The smooth tracking of transactions and instant updates from the testnet make it even more attractive to developers and tech enthusiasts.

However, what makes BlockDAG stand out is its presale success. The project has raised over $101 million, ranking it among the most successful cryptocurrency presales this decade. Early supporters have enjoyed a remarkable 1960% return on their contributions, with the chance for even higher returns as the presale moves through its 45 batches. Experts believe BDAG could hit a price of $30 by 2030, which would mean an ROI of 4900%—a figure not many projects can boast.

BlockDAG’s emphasis on scalability, strength, and community involvement has fueled its swift rise. The testnet’s high efficiency has led many to see it as a potential market leader, drawing significant attention from big market players and institutional backers. As it aims for its $600 million presale target, it gains more followers every day, maintaining strong momentum.

Last Say

While Ethereum and Solana are valuable assets, their price swings have slowed down money coming in, even as big Ethereum holders keep adding and forecasts for Solana remain upbeat. Meanwhile, BlockDAG has emerged as the preferred choice for those looking for substantial gains. With its efficient network and secure testnet, BlockDAG quickly reached over $101 million in its presale, making it the most triumphant of the decade. Early backers have already seen returns of 1960%, and the project’s growth shows no signs of stopping. For those searching for the next big opportunity, BlockDAG stands out as a formidable player in the crypto field.

Join 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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