Leading Crypto to Invest In: BlockDAG Attracts Investors with 30,000x Profit Potential Amid Ethereum Liquidations and Aptos Downturn

June 26, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

As the month draws to a close, concerns about a market downtrend are mounting. Ethereum sell-offs and Aptos crypto updates suggest upcoming hurdles. Amid these shifts, BlockDAG, a layer-1 project with an impressive presale, has become the top choice for investors. Its advanced DAG technology and long-term potential make it a top crypto to buy. BlockDAG’s presale has soared past $53.8 million, fueled by growing investor interest. Analysts predict BDAG could yield over 30,000x returns, underscoring its allure in the current market.

Ethereum Sell-offs and Market Dynamics

Ethereum (ETH) saw a notable increase in long liquidations on June 11th, with $62 million in long liquidations and $7.3 million in short liquidations, according to Coinglass. Liquidations happen when a trader's position is closed due to insufficient funds. This spike marks the highest liquidation level since May 23rd. Despite these Ethereum sell-offs, the coin’s Funding Rate remains positive at 0.0069%, indicating continued demand for long positions.

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In the past 24 hours, Ethereum’s derivatives market has declined. The total trade volume in its options market dropped by 52% to $321 million. Open Interest, measuring outstanding contracts, fell by 2% to $15.73 billion. These declines hint at reduced market activity and possible liquidity issues.

Aptos Crypto Update: Growth and Hurdles

Recent Aptos crypto updates highlight significant growth in the first quarter. The circulating market cap increased by 127% to $6.6 billion, outpacing similar projects. Despite this, the native token APT saw a modest 76% gain. Aptos’ revenue grew by 37% to $475,000, although revenue in APT terms decreased by 10%.

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Network activity surged, with daily transactions and addresses growing by 66% and 97% respectively. The average transaction fee dropped by 45% to 0.0006 APT ($0.007). However, APT’s price performance struggled, currently trading at $8.46, and faced resistance at $8.80. The staked market cap grew by 68% to over $14 billion, yet APT’s price remains under pressure.

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BlockDAG: Advanced DAG Tech Fuels Presale Success

BlockDAG’s advanced Directed Acyclic Graph (DAG) technology sets it apart from traditional blockchain networks. Unlike Bitcoin and Ethereum's Proof of Work (PoW) systems, which rely on a sequential chain of blocks, BlockDAG uses a DAG structure allowing multiple references per block. This design boosts transaction capacity and network throughput, addressing scalability issues that have long troubled other cryptocurrencies.

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The BlockDAG presale has attracted significant investor interest, raising over $53.8 million. Currently, in its 18th batch, BDAG is priced at $0.0122, with over 11.8 billion coins sold. Analysts forecast that BlockDAG’s unique technology and market strategy could yield a 30,000x return on investment, making it a top crypto to buy.

BlockDAG’s compatibility with Ethereum Virtual Machine (EVM) allows for easy integration of Ethereum-based contracts, enhancing its appeal. The project also plans a swift mainnet launch within six months, showcasing its commitment to rapid innovation. These factors position BlockDAG as a promising contender in the cryptocurrency market, attracting both new and seasoned investors.

Final Thought

While Ethereum and Aptos face challenges, BlockDAG shines as a promising investment opportunity. With its advanced DAG technology, BlockDAG has raised over $53.8 million in its presale, selling over 11.8 billion coins. Analysts project that BlockDAG’s unique technology could yield a 30,000x ROI, making it a top crypto to buy. Despite concerns like Ethereum sell-offs and Aptos crypto updates, BlockDAG's strong growth projections and technological edge position it favorably. For investors seeking substantial returns, BlockDAG offers a compelling case for investment.

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Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

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Discord: https://discord.gg/Q7BxghMVyu

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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