It is an exciting week for crypto prices and trader's investments. Ethereum is showing signs of a potential bull move but has to break through resistance for that upward trend to be a long-term reversal. Meanwhile, Elon Musk is still rallying behind altcoins with his latest mention of XRP.
However, BlockDAG is making way for itself, surging past $101.8 million and releasing a brand video letting some of the top players in the crypto space know that BlockDAG is coming for their spot.
Ethereum (ETH) Price Eyes Key Resistance at $2,900
The Ethereum (ETH) Price has shown signs of a potential bullish trend as it eyes key resistance at $2,900. After underperforming compared to Bitcoin throughout much of 2024, Ethereum saw a 3% gain last week, outperforming Bitcoin. This movement, following a breakout from a descending trend line, suggests the momentum may continue. Technical indicators like the RSI and MACD point upwards, reinforcing bullish sentiment.
However, the real test lies ahead: Ethereum needs to break through the $2,900 resistance to confirm a long-term reversal. Should this occur, Ethereum could rally towards the next resistance at $3,500, but failure to break could lead to a bearish pullback.
Elon Musk’s XRP Comment Boosts Altcoin Sentiment
During a rally in Pennsylvania, Elon Musk stirred the crypto market by addressing XRP. While maintaining a neutral stance, neither endorsing nor opposing the altcoin, Musk highlighted the role of cryptocurrency in fostering individual freedom, especially against centralised control.
This subtle mention caused a ripple effect across the crypto market, pushing several altcoins, including Ethereum, higher by around 4%. Musk, known for his outspoken support of Bitcoin and Dogecoin, continues to influence market sentiment with his statements. His remarks on crypto's ability to enhance personal freedom sparked renewed interest in XRP Ledger, which saw a surge in activity and new wallet creations after the rally.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
BlockDAG Hits $102M & Releases New Brand Video
BlockDAG has crossed the impressive $102M milestone in its presale, marking a major success that sets it apart from other presale cryptos. The network's continued momentum has captured the attention of whales and early backers, driving its presale toward new heights.
With a coin price of $0.0206 and over 14.4 billion coins sold, BlockDAG has already delivered a 1960% ROI for early backers. The recent release of a visually stunning new brand video has further solidified BlockDAG’s position as one of the best crypto for huge gains.
The video shows BlockDAG’s solid technology and potential to dominate within the crypto community, drawing comparisons to industry heavyweights. As BlockDAG accelerates toward its next milestones, the excitement within the community continues to grow. Traders are eager to be part of the evolving network, recognising the platform's potential to lead.
Having raised over $102 million so far and the presale now in batch 24, the network’s rapid development and new leadership—most notably, the appointment of Jeremy Harkness as CTO—suggest a promising future. His role will be crucial in steering BlockDAG into its next growth phase, further fueling interest and adoption of this ambitious project.
Get In Before The Crypto Prices Rise
The crypto market has received consistent validation over the past few years and this week is no different. Ethereum is on its way to cross $3,000 if it can push past resistance. Whether or not you agree with his politics, Elon Musk is a huge name in the tech world and his continuous mentions of cryptocurrency add to its adoption.
But the big validator in 2024 is BlockDAG, which follows a path similar to its predecessors but with better technology. The coin price is still low enough that the barrier to entry is inviting to both new and seasoned traders but it won't stay that way for much longer. The crypto community is seeing mass adoption and it is only a matter of time before BlockDAG’s presale ends and it is off to the races.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
