Breakout Crypto of 2024: BlockDAG Presale Skyrockets to $22.4M Amid Uniswap Investors’ Liquidation & Bitcoin Cash Price Analysis

Uniswap Investors are withdrawing their positions due to the latest SEC legal action against the platform. Whereas, Bitcoin Cash’s price remains neutral following the market correction. On the other hand, BlockDAG is seeing a remarkable run, as its presale recently crossed $22.4 million in earnings and its impressive miner sales exceeded $2.3 million. The recent announcement [...]

CryptoFortress

May 3, 2024 - 17:08

Breakout Crypto of 2024: BlockDAG Presale Skyrockets to $22.4M Amid Uniswap Investors’ Liquidation & Bitcoin Cash Price Analysis

Uniswap Investors are withdrawing their positions due to the latest SEC legal action against the platform. Whereas, Bitcoin Cash’s price remains neutral following the market correction. On the other hand, BlockDAG is seeing a remarkable run, as its presale recently crossed $22.4 million in earnings and its impressive miner sales exceeded $2.3 million.

The recent announcement that 10 new currencies have been added to its innovative payment system marks a significant step forward in the success and trust of cryptocurrency transactions. With its commitment to inclusivity and market expansion, BlockDAG is poised to revolutionise digital currencies.

Uniswap Investors Flee Amid SEC Legal Threats

Uniswap (Uni), a DeFi pioneer, faces an investor exodus as the SEC signals enforcement action. Despite Q1’s surge, Uniswap (UNI) tumbled 41% from $11.45 to $6.75 in April, witnessing decreased volumes and demand.

Despite Uniswap Labs’ readiness for the legal battle, prices struggled amid market weakness. As recovery looms, hopes rise for UNI’s rebound post-lawsuit, buoyed by Version 4 upgrade prospects. Experts caution a neutral market sentiment, anticipating a $5 price by June amid legal uncertainties.

Bitcoin Cash Price Analysis: Neutral Sentiment Amid Weak Buying Pressure

Bitcoin Cash’s price holds steady with a neutral sentiment post-market correction, suggesting subdued activity in buying and selling within the cryptocurrency industry. Despite its year-to-date increase of 76%, Bitcoin Cash faces a bearish trend, evidenced by an 11.06% loss over the past week and 21.59% in the last month.

Initially trading between $212.5 to $292, Bitcoin Cash witnessed a remarkable surge of 177.26% before a correction of 34.12%. The 50-day EMA resists Bitcoin Cash’s price, while the RSI indicates increasing selling pressure.

BlockDAG’s Adds More Payment Methods During Viral Presale

Combining a Proof of Work consensus mechanism with a cutting-edge Directed Acyclic Graph (DAG) architecture, BlockDAG revolutionises blockchain as a layer 1 solution. Integrated with the Ethereum Virtual Machine (EVM), BDAG offers a low-code/no-code platform for seamless smart contract development. This innovative fusion ensures both traditional blockchain security and the speed and scalability of DAG, elevating the distributed ledger technology landscape to new heights.

Following the successful OG keynote video and its appearance in Shibuya Crossing, a highly bustling hotspot in Tokyo, known for its high foot traffic and global recognition, provided the perfect platform for BlockDAG to boost its visibility.

Furthermore, BlockDAG’s visionary approach extends beyond its architecture, as evidenced by its recent announcement of incorporating 10 new payment methods into its groundbreaking payment system. Embracing assets like SHIB, SOL, XRP, MATIC, and others showcase BlockDAG’s commitment to inclusivity and adaptability. This forward-thinking initiative expands the platform’s utility and underscores its dedication to facilitating seamless transactions across multiple digital assets, solidifying its position as a pioneer in decentralised finance.

Conclusion

Amidst Uniswap investors fleeing their positions and downward pressure on Bitcoin Cash price, BlockDAG emerges as a beacon of innovation. In Batch 10, it secured $22.4 million in presales, selling over 8.4 billion coins in just a few weeks.

Adding to this success, the recent integration of 10 diverse currencies into its payment system, including SHIB, SOL, XRP, and MATIC, further underscores its adaptability and inclusivity.

With a clear roadmap aiming for a mainnet launch in six months and a target of $600 million by 2024, analysts predict significant returns, with estimates reaching up to 30,000x ROI. This firmly positions BlockDAG among the top breakout cryptos of 2024.