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Crypto Reporter

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

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Top Rated Crypto — BlockDAG Network Raises $10 Million in Three Days; What’s Driving POL & NEAR’s Decline?

October 11, 2024 By CryptoReporter

Recently, both Polygon and NEAR Protocol users have faced challenges. After Polygon’s price fell, 81% of its longtime users reported losing an average of 37% in the past year. Similarly, NEAR Protocol saw a 13% decrease in its trading volume.

Meanwhile, BlockDAG has reached another remarkable goal. The network raised $10M in just 72 hours from its presale, thanks to big buyers stepping in. The launch of the BlockDAG Explorer has also sparked renewed interest from developers. So far, BlockDAG’s presale has hit $93.5 million, ranking it among the most successful cryptos ever. With more big buyers and developers getting on board, it’s on its way to hitting a $600 million target.

Polygon’s Price Drop: 81% of Longtime Users See Losses

Polygon’s price has recently fallen significantly, leading to losses for many of its users. In September, its price moved between $0.36 and $0.44, ending the month at $0.398.

By October 2, its price was at $0.38, a big drop from its March peak of $1.29. 81% of its longtime users have lost an average of 37% over the past year. Its ability to recover from this low will be key for those looking for a rebound.

NEAR Protocol Users Hope for a Price Recovery

The NEAR Protocol’s recent Nightshade 2.0 upgrade has made its network stronger, allowing more transactions through sharding. Since the upgrade, there’s been more activity on the network, with transactions up 42% and new users up 30.8%. However, trading volume dropped 13.21% after initial high interest.

On October 1, NEAR’s price was $4.81, hit by a wider market drop. Still, users are hopeful for a rise to $5.74 in October, as the network’s improvements boost confidence in its long-term prospects.

Crypto Whales Fules BlockDAG Presale Reaching $93.5M

BlockDAG has just hit a major milestone, raising $10 million in only 72 hours, pushing its presale total to almost $93.5 million. This rapid climb, largely due to large-scale purchases, shows the growing belief in BlockDAG’s technology.

Adding to the excitement, the recent release of the BlockDAG Explorer has caught the attention of many blockchain developers. The Explorer offers detailed insights into BlockDAG’s structure, allowing for real-time transaction tracking, EVM support, and smart contract abilities.

The 23rd presale batch sold out quickly, and buying activity has reached new heights. Early participants have already seen a massive 1960% growth across 24 batches, with the current price standing at $0.0206 in batch 24.

Experts suggest that if BlockDAG keeps up this pace, the coin’s value might reach $20 by 2027. Those looking for gains have rushed to join the presale, with more than half the batches already released, and supply is running low.

The presale’s speed highlights major players’ trust in BlockDAG’s future as a top cryptocurrency. This strong presale and technological edge have helped cement BlockDAG’s position as one of the highest-rated cryptos on the market.

Top Cryptos in 2024

While Polygon’s recent price drop has raised questions about its long-term growth, NEAR Protocol enthusiasts are hopeful for a rebound to $5.74, following the rollout of the Nightshade 2.0 upgrade.

Meanwhile, BlockDAG participants are eyeing significant gains. With growing interest from both large buyers and developers, the presale is attracting new participants quickly.

As the 24th batch nears sell-out, a price jump is expected. For those seeking the next big crypto opportunity, BlockDAG’s cutting-edge technology and strong momentum make it one of the top-rated choices in today’s market.

Join BlockDAG 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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