Crypto Market Hits $3.1 Trillion! Bitcoin ETFs Boom & ETH Sets $10B Goal, BlockDAG Dominates Layer 1 Race With $134M Presale

November 22, 2024
·
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

The cryptocurrency market has reached new heights as the total crypto market cap hits a historic $3.13 trillion, positioning the sector as an economic powerhouse. 

This growth is mirrored in the surging popularity of Bitcoin ETFs, which are attracting record-breaking inflows. Analysts are also eyeing an Ethereum (ETH) target of $10 billion in managed assets.

While established projects like Bitcoin and Ethereum continue to dominate, fresh entrants often offer unmatched growth potential. BlockDAG, a thriving Layer 1 contender, exemplifies this with its cutting-edge technology and booming community. 

With over 170,000 unique holders, BlockDAG’s thriving community is propelling the presale toward its ambitious $600 million goal.

AD 4nXeaGxv5 M2OAN0VSMZSpx52f9m5tbo8J3PaBedXOSoWQSlGi2rb9aWcmzmgPCfN Dw xDhvCdZwtTLlIGWE9UL4IlU3 RIA9uyhxmea2wQ F 9W7H mnUi7YRO3YJBLtA9Bvsmn3A?key=QD98urftk2U50IeLpMP45NYt

Crypto Market Cap to Almost Surpass France’s GDP

The cryptocurrency market cap has reached an all-time high of $3.13 trillion, inching closer to surpassing France’s gross domestic product (GDP). This remarkable milestone positions the global crypto market as the eighth-largest "economy" worldwide if compared by GDP, trailing major nations such as the United States, China, and Japan.

AD 4nXcCdWoc8NljT86cWVwRM8yyHqleuifv2s88hgN6enDSF3yM8fOtHS9q6JffEsme6SN cGAETiAsKRlEuTqSw5QvVh66pTPUOZy7WPVUD26WdmPuNDJD2IPcAbeogXmp5my6I0gX5w?key=QD98urftk2U50IeLpMP45NYt

The rally, fueled by Bitcoin’s surge to $97,700, has elevated its market cap to over $1.77 trillion—now surpassing Spain’s GDP. Analysts suggest the market could approach $4 trillion, though opinions diverge on whether Bitcoin’s dominance will persist or if altcoins will drive the next wave of growth.

Bitcoin ETFs Hit $138B & ETH Targets $10B Goal

As Bitcoin drives the market cap to new heights, its influence extends further into institutional adoption through Bitcoin ETFs. Bitcoin-focused exchange-traded funds (ETFs) have surpassed $138 billion in total assets under management, driven by Bitcoin's price nearing the $100,000 milestone. Over the past week, Bitcoin ETFs attracted $1.67 billion in inflows, bringing their total to $95.4 billion and marking six consecutive weeks of growth.

Thinking of expanding into Africa?
Avoid the common mistakes businesses during expansion. Register to learn the common mistakes business make when expanding into Africa.
Itana Form (#91)

Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.

READ MORE   New Crypto Rookie Shaking Up the Market; Sui (SUI) & Solana (SOL) Whales Take Notice
AD 4nXdhC8nRzMsHu9VlYeqxneG1957nd7fwVrUigY4Rc1HmVnglidJ3oDr0PhsHqzptzhtpe3yxjPfuQmXSFcG2wTGLqW8mk ROpDvwMRk8Ir6rJqpwncwjfVFdDbYgdr Ibfh77mMc Q?key=QD98urftk2U50IeLpMP45NYt

Ethereum ETFs followed closely, with inflows totaling $646 million, pushing assets to $9.15 billion. Analysts are now eyeing an ETH target of $10 billion in managed assets as investor interest continues to grow. 

Institutional involvement, including investments from firms like Goldman Sachs, highlights the increasing appeal of focused crypto-backed products, particularly Bitcoin and Ethereum funds.

BlockDAG Sets the Standard for Layer 1 Success

While Bitcoin and Ethereum remain dominant forces in the crypto market during the current bull run, BlockDAG is carving its niche by addressing blockchain scalability and efficiency challenges. 

Its advanced Directed Acyclic Graph (DAG) structure addresses traditional blockchain limitations, setting new standards for scalability and efficiency. BlockDAG, a rising star in the Layer 1 space, has completed its much-anticipated mainnet development and entered the audit phase, marking a significant step toward global readiness.

AD 4nXdKvz9OxB33DkG0J5y XQLYxVwQAuMIS3z4jtftlhjUQWGnFTMv0ufhz6A1x 27bKNywbVLO6i

The BlockDAG community is expanding at an astonishing pace, with the unique number of holders climbing daily during this bull run. More than 170,000 unique holders have already joined from across the world, drawn by the project’s momentum and growing potential.

A hallmark of this community is its strong engagement with the BlockDAG team and the CEO, fostered through regular AMA sessions. These interactions create a sense of trust and transparency, ensuring that holders feel informed, valued, and closely aligned with the project’s vision.

The impact of BlockDAG on buyers and its community is evident from its presale numbers: over $134 million raised and over 15.9 billion BDAG coins sold. BDAG price leapt from $0.001 in batch 1 to $0.0234 in the current batch 26 — an astonishing 2240% ROI for the early buyers that makes this one of the best crypto presales.

READ MORE   BlockDAG’s $28.5M Roadmap & Fantom’s Q1 Growth Outshine Arbitrum Price Forecasts

As batches fly by, the $600 million presale target gets closer, fueling a frenzy of anticipation among BlockDAG’s community. Each passing day inches the coin toward launch, leaving behind opportunities for early access.

BlockDAG’s mix of cutting-edge technology, disciplined execution, and community-driven energy has crypto enthusiasts rushing to lock in their positions before the door to these early prices closes for good.

A Final Look

The crypto market’s rise to a $3.13 trillion cap showcases its immense potential, fueling record-breaking inflows into Bitcoin ETFs and driving Ethereum toward ambitious $10 billion targets. In the middle of the crypto market’s incredible growth, BlockDAG rises as a game-changing Layer 1 coin.

Backed by revolutionary DAG technology, a thriving community of over 170,000 holders, and $134 million raised so far, its presale is racing toward the $600 million mark. 

Once that milestone is reached, early access opportunities will disappear, making now the moment to act. BlockDAG’s unmatched potential for massive returns positions it as the project not to overlook.

AD 4nXdicCj0N8gHx1GwBrjTdgApDIkRyaalD6rCQgc26KgAu9NtVm Y2uuearzDFGCFHk7XSXjZOjaSGxibFui 0OmbqJk WGgFEwiAbXDgs FmLC3y hYYE KeMhTyIo6aOP3woEj9w?key=QD98urftk2U50IeLpMP45NYt

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

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.
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

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.
Other Stories
43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier