BTC is hovering around the $66,000 mark, down on daily, weekly, and monthly timeframes, and most altcoins are following suit. Notably, ADA price has plunged into a downtrend, with a significant decline in the number of new Cardano (ADA) investors, indicating a waning interest in the token. The TRON price is also in freefall, although the TRX market cap stands strong at $10.3 billion.
With TRON and Cardano in a downturn, TRX and ADA investors are flocking to BlockDAG (BDAG), a newcomer to the presale scene. Having raised $13.2M in its presale, BlockDAG is touted as the best new crypto to buy for 2024, with analysts foreseeing 20,000X growth for the project. BlockDAG’s sixth presale batch offers BDAG tokens at a price of $0.035 each, with subsequent batches set to see a gradual price increase, aiming for the listing price of $0.05.
TRON Price in Flux
The price of TRON has experienced a notable downturn, dropping by 15.72% over the past month and 1.49% over the past week. However, TRX’s market capitalisation remains strong at over $10.3 billion, and its 24-hour trading volume suggests moderate activity.
Technical analysis points to a bearish trend since March after TRX hit resistance at $0.1451, despite a temporary bullish phase. TRON price is currently testing a crucial support level at $0.1082, and a break below an ascending trendline on the daily chart could lead to further declines. However, there’s a potential bullish signal on the 4-hour chart with the price approaching a critical resistance zone. The daily RSI at 42 indicates the possibility of nearing oversold conditions, suggesting a potential for a bullish reversal.
On-Chain Data Shows Decline Among Cardano (ADA) Investors
Interest in ADA has been modest in the last couple of months, and the project has struggled to attract new holders, with a noticeable decrease in balance among existing addresses. On-chain data from IntoTheBlock reveals that only a small fraction of ADA’s holders were recent Cardano (ADA) investors, and the majority are long-term holders.
ADA’s price dropped by 17.84% over the last month and 5.34% in the last 24 hours, failing to counteract the broader market downturn. On-chain analysis indicates a reduction in holdings for both small Cardano (ADA) investors and whales, suggesting diminishing confidence in ADA’s short to long-term potential.
BlockDAG – The Best New Crypto to Buy for 2024
BlockDAG (BDAG) has rapidly risen to prominence in the presale market, pioneering groundbreaking technology that sets new standards in scalability, security, and decentralisation. The BlockDAG network can handle an impressive 10,000-15,000 transactions per second (TPS), presenting a more efficient solution than legacy blockchain systems.
BlockDAG utilises sophisticated protocols like PHANTOM and GHOSTDAG to achieve consensus within its DAG structure. PHANTOM ensures accurate validation and sequencing of transactions across the network, boosting its reliability and security. GHOSTDAG further reinforces network integrity by rewarding honest node activities and penalising misconduct, maintaining the network’s overall health.
The unveiling of BlockDAG’s V2 technical whitepaper at the Las Vegas Sphere has stirred quite a buzz around the project, attracting a massive influx of investment into the project’s presale, with $13.2M raised so far from selling over 6.5 billion BDAG coins. Currently, BDAG is priced at $0.0035 in its sixth presale batch, but the price is slated to rise with each batch, culminating at $0.05 by the project’s official launch on exchanges.
Analysts anticipate a significant uptick in investments for BlockDAG, with expectations of daily contributions rising from $1 million to $5 million. Furthermore, analysts foresee the presale selling out in less than three months and potentially hitting an ROI of 20,000, rivaling meme coins.
Final Words
As TRON and Cardano face declines, TRON (TRX) and Cardano (ADA) investors are flocking to BlockDAG (BDAG), captivated by its jaw-dropping 20,000X ROI potential. The project’s presale has already seen significant success, raising over $13.2 million and distributing over 6.5 billion coins. Priced at $0.035 in the sixth presale phase, BlockDAG aims to reach a $0.05 valuation by the final batch, with 45 batches planned in total.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
