In 2024, Bitcoin achieved a new all-time high (ATH), signaling a bullish wave across the crypto market and sparking notable rallies in altcoins. Solana (SOL) was a standout, with its market capitalization surging as the coin’s price climbed to approximately $183.38 by November, marking a three-month high. Similarly, Sui (SUI) made headlines with its market cap exceeding $6 billion, highlighting strong investor confidence and positioning it as a rising force in the market.
Amid these developments, another layer 1 crypto is making significant moves. BlockDAG Network is witnessing a major boom, with its presale figures jumping to over $120.5 million in November. In the current batch, the BDAG coin is priced at $0.22.
Rising Demand for BDAG Coins – What’s Fueling the BlockDAG Frenzy?
BlockDAG’s presale is making waves as one of the most notable in crypto history. Unlike other layer-1 projects, BDAG stands out through strategic marketing and robust technology, building a strong case for its future.
A key factor driving demand is its appeal among millennials who are increasingly drawn to coins with real utility rather than speculative meme coins. This trend reflects a shift in the market, with savvy buyers seeking value beyond hype.
BlockDAG’s standout feature is it’s impressive 10,000 to 15,000 TPS (transactions per second), far surpassing the industry average for layer-1 blockchains. This translates to scalable and cost-effective dApp deployment and the seamless development of layer-2 solutions. Essentially, it’s like Solana but with significant enhancements—a testament to the efforts of BDAG’s development team.
In just a few months, BlockDAG has seen remarkable growth and brand visibility. High-profile partnerships with teams such as Borussia Dortmund (BVB) and Inter Milan have solidified its market presence. However, BDAG’s strength lies not just in marketing but in a solid roadmap. The successful launch of its early testnet underscores the ecosystem’s potential. Analysts note that at $0.022 per coin in Batch 25, the current pricing offers a compelling entry point.
Bitcoin’s New Record High: Key Price Levels to Watch After Reaching $89,000
Bitcoin (BTC) surged to a new all-time high near $89,000, driven by a rally following Donald Trump’s presidential election win. Investors are viewing Trump’s future administration as favorable for cryptocurrency, especially regarding regulation and the prospect of a federal Bitcoin reserve, which he mentioned during a speech at the Bitcoin 2024 conference in July.
Bitcoin’s recent surge also broke above the upper trendline of a cup and handle pattern, a technical formation suggesting the potential for continued growth. Based on the pattern, a measured move projection targets a price of $126,000. Key support levels to watch are around $70,000 and $53,000, which may provide a safety net if the price experiences pullbacks.
Solana Riding The Bull Wave
Solana (SOL) has captured significant market attention, achieving a $94.04 billion market cap and solidifying its position as a leading altcoin. Currently trading at $199.43, up 5.66%, Solana’s growth trajectory is driven by increasing adoption and a thriving ecosystem. However, the rapid surge in market cap comes with heightened volatility, as recent liquidation activity highlights.
The SOL Total Liquidations Chart shows notable activity across both short and long positions, with recent figures reaching $3.07 million in short liquidations and $887.69K in long liquidations. This imbalance indicates a bullish outlook, with fewer traders betting against SOL’s price. Yet, high liquidation levels also suggest potential for sudden price swings, reflecting the inherent volatility in SOL’s rapid rise.
Conclusion
The cryptocurrency market is reaching new heights, led by Bitcoin’s recent ATH and the remarkable growth of altcoins like Solana and Sui. Against this backdrop, BlockDAG is carving out its position as a strong layer-1 contender. With a record-breaking $120.5 million in crypto presale funding, advanced technology supporting up to 15,000 TPS and strategic partnerships with renowned names like Borussia Dortmund and Inter Milan, BlockDAG is more than just hype.
Its appeal to value-seeking investors reflects a shift toward coins with real utility. With a solid roadmap and a rapidly growing user base, BlockDAG is poised for further growth. As the market matures, projects like BlockDAG, which blends innovation and robust fundamentals, are expected to drive the next wave of crypto success.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
