BlockDAG’s $2M Single-Day Presale Surge Attracts Crypto Whales; XRP Price Faces Headwinds & SUI Nears All-Time High!

October 5, 2024
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4 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

October is shaping up to be an interesting month for the crypto market. XRP recently faced a dip, sliding 4% after Ripple’s token unlock event, even as Bitwise applied for an XRP-based ETF.

Meanwhile, Sui (SUI) is riding bullish momentum, nearing its all-time high of $2.18, driven by a 65% surge in Total Value Locked (TVL).

While XRP and SUI show potential, BlockDAG is proving itself as a top Layer 1 crypto with unmatched presale success. It has raked in $2 million in a single day, fueled by massive whale activity after its successful testnet launch.

This rapid presale hike has led the presale to $80 million, paving the way for BlockDAG to reach the $600 million presale target.

blockdag 2m raised

XRP Price: Market Reaction to Token Unlock

XRP recently experienced a price drop after Ripple began its 1 billion token unlock event this October. Following a surge to around $0.66, XRP struggled to maintain its upward momentum. Over the last week, the token slipped from its high of $0.6336 to $0.5843, representing a 4% loss.

Ripple’s strategic release of tokens, though carefully timed to avoid market shocks, often leads to short-term bearish sentiment. With an increase in trading volume of 63%, over $2.79 billion worth of XRP moved across wallets. Despite this drop, XRP has shown resilience, with a 2% increase.

SUI Price Approaching All-Time HighSui (SUI) is gathering strength as it approaches its all-time high of $2.18, driven by a significant increase in its Total Value Locked (TVL). Sui's TVL surged by a 65% over the last 30 days, breaking the $1 billion mark. This increase in capital within the network has sparked bullish sentiment, pushing SUI’s price upwards.

READ MORE   XRP Price Prediction: XRP 4.7% Growth, Whales React to Ripple Swell and JetBolt Momentum Grows
SUI

Sui's growing ecosystem was boosted by the recent launch of its Sui Bridge. With increased open interest of $750 million and rising liquidity, SUI is inching closer to breaking past resistance levels. But, if SUI fails to maintain its momentum, it could face further declines, leaving some investors cautious about its short-term prospects despite its recent growth.

BlockDAG Raises $2M in a Day: $600M Presale Goal in Sight!

BlockDAG has secured a record-breaking $2 million in presale funds in a single day, driven by heightened whale activity after the successful Testnet launch. The presale has now crossed a staggering $80 million. This incredible achievement shows the growing confidence in BlockDAG’s potential as crypto whales dive into the project.

BlockDAG’s recent successful testnet results are a key factor behind this momentum, demonstrating its world-class scalability and user-friendly features. These advancements are capturing the attention of both new and existing BDAG holders alike, making BlockDAG a standout option in the current crypto market.

The increased whale activity driving BlockDAG’s presale success is not only boosting market confidence but also increasing demand for BDAG coins. As more holders continue to enter the presale, speculation about the coin’s future value of hitting $30 by 2030 grows.

join the BlockDAG academy

The project has attracted over 140,000 unique holders, with each presale batch showing significant gains. From its initial price of $0.001 in batch 1 to the current $0.0192 in batch 23, BDAG’s value has soared by 1820%, underscoring the strength of the project.

BlockDAG has already raised $80 million across 23 presale batches, moving swiftly towards its $600 million presale target. With presale batches selling out rapidly and the price of BDAG rising, traders are seizing the opportunity to get in before the next significant price surge. So, acting now is an ideal moment for buyers to secure their share at a lower price before it climbs higher and becomes harder to reach.

READ MORE   Emerging token Retik Finance (RETIK) dubbed Solana's successor closes biggest presale of 2024, Raises $32 Million

Final Thoughts: Top Layer 1 Crypto

XRP faces challenges following Ripple’s token unlock, causing a short-term price dip. However, Sui (SUI) is riding a wave of bullish momentum, with its TVL surge and ecosystem growth positioning it close to its all-time high. Among these market trends, BlockDAG presale has raised an impressive $2 million in a single day, driven by crypto whale activity.

With presale batches selling out rapidly and demand for BDAG coins increasing, early adopters could see substantial gains as BlockDAG solidifies its position as the top layer 1 crypto project in the industry.

Join BlockDAG - Act Now Before Prices Increase:

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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