Bitcoin Cash saw a significant price increase of over 4% this week, yet it has not achieved its peak historical price. Meanwhile, GameStop’s stock has also surged, influencing a variety of cryptocurrency meme coins. BlockDAG (BDAG) has emerged prominently in this environment, backed by strategic influencer endorsements and ongoing development updates. It is positioning itself as a potential breakout cryptocurrency for 2024, with a presale tallying $50.4 million and an astonishing 1120% increase in price from batch 1 to batch 18.
Bitcoin Cash Ascends Yet Remains Below Peak
This week, Bitcoin Cash has grown substantially over 4%. It has increased by more than 6% in the past week alone, indicating a robust upward momentum. However, it still has yet to reach its highest historical price.
The surge in trading activity and a slight dip in available supply underscores its strong market presence despite the ongoing market fluctuations.
GameStop’s Influence Expands into Crypto Meme Coins
The stock price of GameStop has risen notably, impacting specific cryptocurrency meme coins. A GameStop tribute coin, based on the Solana blockchain, jumped by 38% recently. This increase is partly due to the influence of the WallStreetBets community and “Roaring Kitty,” an influencer.
The rise in GameStop’s stock has consequently affected the broader cryptocurrency sector, impacting coins like $BRETT, $TRUMP, and $FLOKI, which are stabilising after a recent increase.
BlockDAG’s Remarkable Expansion: Influencer Endorsements Drive Presale
BlockDAG has become increasingly prominent in cryptocurrency, drawing attention with weekly updates and significant influencer endorsements. The platform’s Keynote 2 has especially gained traction, boosting its presale to $50.4 million and an impressive 1120% value increase from its first to the eighteenth batch. Influencer insights during Keynote 2 have spotlighted BlockDAG, attracting new investors and enhancing its market credibility.
Bleeves Crypto, a well-known YouTube influencer, analysed BlockDAG’s Keynote 2 in a standout review. His comprehensive review covered the innovative aspects and developmental progress of BlockDAG, emphasising the platform’s transparent updates, robust DAG structure, and user-friendly features of the X1 crypto miner app. He praised BlockDAG’s efficient handling of concurrent operations, enhancing scalability and security. Additionally, he lauded the platform’s efforts to democratise blockchain technology with a no-code development environment and a streamlined mobile app.
Furthermore, BlockDAG continues to advance with regular development releases. The most recent Dev Release 48 highlights the platform’s commitment to refining the user experience and performance of the X1 Mining App. This update addressed issues like phone number input, improved connectivity with Coinbase, and optimised app performance. BlockDAG is also set to launch its Blockchain Explorer soon, which is aimed at enhancing network transparency and helping users monitor transactions.
With strategic influencer endorsements, regular updates, and technological innovations, BlockDAG will dominate the cryptocurrency market by 2024. The platform’s presale success and an 1120% price increase since its initial batch signals strong investor confidence and a growing interest in its potential.
Final Thoughts
As the cryptocurrency landscape evolves with recent movements in Bitcoin Cash prices and GameStop’s influence on meme coins, BlockDAG distinguishes itself through its innovative strategies and high-profile endorsements. Influencers like Bleeves Crypto have played a crucial role in its presale success, helping raise $50.4 million and achieving an 1120% price increase. With its ongoing updates and clear vision, BlockDAG is on track to become a leading cryptocurrency shortly, making it an essential consideration for investors looking for the next big breakout in crypto.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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