Whales Pour $10M into BlockDAG in 72 Hours! Ethereum Faces Downturn as Tron Soars to New Heights

October 9, 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

As we plunge into the final quarter of 2024, whales are causing waves in the cryptocurrency ocean. Ethereum's price is currently on a downswing and might face steeper declines if it fails to hold its ground. On the flip side, Tron is making impressive strides, potentially gearing up for new peaks.

Yet, the most electrifying news in the crypto sphere centers on BlockDAG's blockbuster presale, where whales have swiftly channeled a staggering $10M in just 72 hours, elevating the total to an impressive $92 million. The recent debut of the BlockDAG Explorer has revolutionized how developers interact with and validate BlockDAG’s robust technology, drawing massive support from big players.

  Ethereum Wrestles with Market Volatility  

The Ethereum market has seen its challenges, recently dipping below the $2,350 mark. However, it's not down for the count just yet, showing signs of a comeback. Ethereum is now grappling with significant resistance at the $2,400 level. To reclaim its bullish momentum, Ethereum must power through the $2,400 and $2,420 resistance barriers.

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Should Ethereum falter, it might see a sharp downturn to the $2,300 support zone. Conversely, a breakthrough above $2,480 could catapult Ethereum towards the $2,550 resistance, a critical juncture closely monitored by market enthusiasts for its next significant move.

  Tron Demonstrates Market Resilience with a 15% Jump

Amidst a generally bearish market backdrop, Tron is showcasing remarkable resilience, with a notable 15% surge in open interest. This increase, coupled with a 13% boost in trading volume, signals a burgeoning confidence among market participants.

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Market analysts are eyeing Tron with keen interest, suggesting that maintaining this upward trajectory could thrust TRX to unprecedented heights, especially if it secures a close above the $0.1575 mark. With Tron's on-chain metrics painting a positive picture, including a Long/Short ratio of 1.034, the stage is set for a potential robust upward journey, igniting excitement and speculation about Tron's future in the crypto market.

READ MORE   MoonBag Crypto Soars Through the Skies As Dogeverse and ChainGPT Deal with Multiple Challenges

  BlockDAG Presale Skyrockets to $10M in Just 72 Hours!

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In a dazzling display of market enthusiasm, BlockDAG's presale has surged to an astonishing $10 million from whales within a mere 72 hours, launching it into unprecedented realms. With the coin now priced at $0.0206 and the total funds raised soaring past $92 million, the project has successfully distributed over 13.8 billion coins and is rapidly advancing through batch 24. Demand for BlockDAG is off the charts, with presale batches flying off the virtual shelves as high-volume traders hurry to secure their shares.

The buzz around BlockDAG is palpable, with presale slots filling up quicker than anticipated, capturing the interest of the wider crypto community. The significant attention from whales not only boosts the project's standing but also underscores the market's confidence in its cutting-edge technology and expansive scalability.

image 153

Adding to the excitement, the recent debut of the BlockDAG Explorer has dramatically enhanced the project's visibility, particularly among blockchain developers. This innovative tool enables developers to delve into and engage with BlockDAG’s network, demonstrating its superior performance and seamless transaction capabilities.

By offering an immersive, hands-on experience, BlockDAG is reinforcing trust in its future prospects. Amidst this rapid ascent, BlockDAG is quickly establishing itself as a heavyweight contender in the cryptocurrency arena, drawing keen interest from both major traders and developers.

  Unstoppable Ascendancy of BlockDAG

As the crypto market experiences its highs and lows this week, Ethereum struggles against the $2,400 resistance with potential for further dips, while Tron demonstrates vigor with a 15% spike in open interest. Yet, it’s BlockDAG that's stealing the show in the crypto race, captivating the market with its meteoric rise by garnering a staggering $10 million in record time.

READ MORE   Best Cryptocurrency to Buy in November 2024: The 5 Hottest Investments With 100x Gains Guaranteed 
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Fueled by robust whale backing, BlockDAG is on a rapid upward trajectory, attracting significant attention from big players. The launch of the BlockDAG Explorer has further amplified its allure, especially among those who craft the technology of tomorrow. With solid backing from influential market players and armed with the latest in blockchain technology, BlockDAG is positioning itself as a dominant force in the crypto marketplace, ready to reshape the landscape.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: 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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