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Crypto Reporter

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BlockDAG Skyrockets Toward $600M Presale Milestone as ADA Soars and HBAR Faces Resistance

December 24, 2024 By CryptoReporter

Excitement is building in the crypto world as the Cardano price prediction points toward a possible $1.67 breakout. Meanwhile, Hedera faces resistance after its earlier surge, and BlockDAG’s (BDAG) presale surpasses $172 million, generating buzz among developers and institutions alike.

Cardano’s (ADA) bullish double-bottom pattern suggests an optimistic year-end rally. At the same time, Hedera’s (HBAR) price shows slowing momentum after a massive 220.70% climb. However, BlockDAG is making waves as one of the top crypto coins right now, thanks to its viral growth and cutting-edge scalability through DAG technology.

Cardano Price Prediction: Aiming for $1.67 by Year-End

The Cardano price prediction has become a hot topic as analysts anticipate a potential breakout. ADA is testing a crucial resistance trendline, supported at $1.054—an important Fibonacci level. A double-bottom pattern indicates a bullish trend, with predictions targeting $1.67 before the year’s end.

The network’s rising activity adds weight to this bullish outlook. Large transactions have tripled since November, though still below their peak of 21.97K. Daily active addresses are also nearing 50K, showcasing growing user interest. While resistance at $1.327 remains a challenge, ADA’s bullish momentum could propel it toward $1.67 if this growth continues.

Hedera (HBAR) Price Slows Amid Resistance

Hedera (HBAR) recently surged by 220.70%, solidifying its place among the top crypto coins right now. However, its momentum appears to be cooling. The Average Directional Index (ADX), which measures trend strength, has dropped to 14.2, suggesting weaker trends and possible range-bound trading.

Technical indicators point to resistance at $0.33, while support at $0.275 is critical for maintaining stability. If this level fails, prices could dip to $0.23 or $0.17. Although HBAR retains a slightly bullish outlook due to directional indicators, another sharp rally seems unlikely in the near term. Instead, consolidation appears to be the more probable outcome.

BlockDAG Reaches $172M, Setting New Milestones

BlockDAG is rapidly gaining recognition among academic and venture capital communities due to its scalable infrastructure and compatibility with Ethereum-based tools. This unique combination allows developers to build decentralized applications (dApps) with remarkable speed and efficiency, making it an attractive choice for creating advanced Layer 1 solutions. Its ability to streamline development processes has made it a preferred platform for both seasoned developers and newcomers exploring blockchain technology.

Currently, BlockDAG is priced at $0.0234 in presale Batch 26 and has already raised an impressive $172 million. Over 17.5 billion BDAG coins have been sold, delivering early backers a remarkable 2240% surge. 

Miner sales have exceeded $6 million, with nearly 15,000 miners purchased, reflecting strong community support. With a presale goal of $600 million, the platform is on a steady trajectory toward achieving this ambitious milestone, fueled by its consistent performance and innovative approach.

Adding to its momentum, BlockDAG’s partnership with Inter Milan has significantly boosted its visibility, attracting institutional interest and enhancing its appeal. The platform’s integration of DAG scalability with Ethereum-compatible tools like Remix and Hardhat ensures both accessibility for beginners and efficiency for experienced developers. With growing traction and a clear focus on community-driven growth, BlockDAG is poised to become a lasting force in the evolving crypto space.

A Defining Period for Crypto Trends

The optimistic Cardano price prediction and Hedera’s resistance challenges are giving traders plenty to think about. At the same time, BlockDAG’s viral momentum and developer-focused approach are making it one of the top crypto coins right now.

As Cardano eyes $1.67 and Hedera consolidates, BlockDAG’s presale success and innovative tools are capturing the attention from both retail and institutional players. With its rapid growth and strong presale performance, the $600 million milestone feels closer than ever, solidifying BlockDAG’s place as a key player in the crypto space.

Presale: https://purchase.blockdag.network

Website: https://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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