BlockDAG Ignites Market Excitement with 50% Bonus While Ethereum Hikes & NEAR Gains Ground

As the cryptocurrency market stabilizes, Ethereum and Near Protocol have caught the market’s attention with significant price increases and heightened activity, respectively. Amid these developments, BlockDAG shines brightly, standing out with its robust layer 1 network and innovative ecosystem. Having recently launched its testnet to widespread acclaim, BlockDAG is currently in the early stages of [...]

CryptoFortress

Oct 1, 2024 - 00:17

BlockDAG Ignites Market Excitement with 50% Bonus While Ethereum Hikes & NEAR Gains Ground

As the cryptocurrency market stabilizes, Ethereum and Near Protocol have caught the market’s attention with significant price increases and heightened activity, respectively.

Amid these developments, BlockDAG shines brightly, standing out with its robust layer 1 network and innovative ecosystem. Having recently launched its testnet to widespread acclaim, BlockDAG is currently in the early stages of its presale, already achieving over $77.5 million in sales. With the introduction of the BDAG50 promo code ahead of a significant rebranding, BlockDAG is capturing the interest of many, positioning itself for even greater heights.

Ethereum’s Rise Benefits Lido Finance

Lido Finance has seen a notable increase in total value locked (TVL), now at $25.18 billion as of September 23, largely due to the recent uptick in Ethereum’s prices. However, despite the overall growth, some users have withdrawn their assets, as indicated by a net total of 26,528 ETH being unstaked

The seven-day average percentage rate (APR) for staked Ether has climbed to 3.17%, reflecting increased network activity and higher staking rewards. Trading volumes for staked and wrapped Ether have also seen a 27.49% jump, suggesting a growing liquidity. Yet, there has been a slight decline in the bridged wrapped Ether, highlighting some shifts in strategies among decentralized finance (DeFi) participants.

Near Protocol’s Upward Momentum

Recently, Near Protocol has broken out from a descending channel it was trading in since May. This breakout was followed by a retest, and since then, the token’s price has been on an upward trajectory, increasing by over 20% in the last two days.

Market analysts are now watching key price levels closely. Having surpassed the $5.00 mark, it now serves as a new support level. If this holds, the price might continue to climb. Watchpoints include resistance levels at $5.70, $6.40, and $7.10. Overcoming these could propel the price towards approximately $8.20, though failure to surpass them could lead to a retest of lower levels.

BlockDAG Unveils Testnet and Offers 50% Bonus Ahead of Rebrand

BlockDAG has just rolled out its testnet and blockchain explorer on September 20, 2024, marking a significant step towards the launch of its mainnet. This new release invites the community to dive into the blockchain, testing its features and interacting with what BlockDAG has developed. Users now have the opportunity to explore the network’s capabilities and directly engage with its innovative tools.

The testnet introduces several exciting features. The blockchain explorer, for instance, allows users to view detailed information about blocks, including size, timestamp, and transaction details. It supports both UTXO and account-based addresses and is compatible with the Ethereum Virtual Machine (EVM), enabling users to track transactions in real-time for a smoother and more interactive user experience.

Users can also mint their own BDAG coins using the blockchain faucet and manage them through the MetaMask wallet. The platform allows for testing various smart contracts, enabling users to mint NFTs, stake coins, or burn tokens. Real-time transaction monitoring ensures users are constantly updated with the latest network activity, enhancing overall engagement.

In preparation for a major brand overhaul, BlockDAG is offering a 50% bonus on all coin purchases until October 14th. By using the code ‘BDAG50’ at checkout, participants can take advantage of this special promotion, which has already greatly boosted the presale.

Final Overview

While the recent surges in Ethereum’s price and Near Protocol’s market breakout are capturing attention, BlockDAG is quickly establishing itself as a significant player in the crypto market. With over $77.5 million already raised, BlockDAG is drawing a wide circle of enthusiasts.

The network is on the brink of a major rebrand, promising exciting updates to its website and platform. Celebrating these upcoming changes, BlockDAG offers a 50% bonus on coin purchases using the code ‘BDAG50’. This limited-time promotion is stirring considerable excitement, positioning BlockDAG as a top crypto choice for those looking to embrace new opportunities.