Cardano’s (ADA) price has fallen below its 20-day exponential moving average, reflecting reduced buying interest and waning confidence. Meanwhile, speculation about a Chainlink-SWIFT partnership is driving LINK to a six-week high. On the other hand, BlockDAG‘s presale has skyrocketed to $38.2 million, fueled by its viral keynote appearances at iconic locations like Tokyo’s Shibuya Crossing. The keynote highlighted BlockDAG’s integration with major DeFi exchanges and showcased profitable opportunities, boosting its global prominence. Experts predict a 30,000x ROI, making BlockDAG a top Layer 1 crypto.
Cardano Price Decline Signals Lower Demand
Cardano (ADA) has seen its price drop over the past week, dipping below both the 20-day exponential and 50-day simple moving averages, indicating decreased buying pressure. After peaking at $0.51 on May 21, ADA’s price has fallen 11%, now trading at $0.45. This decline is linked to reduced demand, with active address transactions down by 17% and new demand dropping by 22%.
The overall crypto market saw a 2% decrease in capitalization. ADA whale activity also fell by 69%, suggesting diminished confidence among large investors. Both the Elder-Ray Index and Accumulation/Distribution Line indicate weakening buyer strength, hinting at ongoing bearish pressure.
Chainlink Surges on SWIFT Partnership Speculations
Chainlink (LINK) has surged to a six-week high amid speculation about a potential SWIFT partnership announcement at the Consensys 2024 conference. This rally, driven by rumors of a significant collaboration, has boosted LINK’s price. Despite this rise, caution is advised as the Chaikin Money Flow (CMF) shows a bearish divergence. The upcoming conference session led by key figures from SWIFT and Chainlink has heightened expectations for advancements in tokenized assets.
BlockDAG’s Global Dominance After Tokyo Keynote
BlockDAG has gained significant traction in the crypto market, enhancing its visibility through strategic appearances at iconic global locations like Tokyo, Las Vegas, and London.
The journey began with the launch of its keynote video at Tokyo’s Shibuya Crossing, which provided detailed insights into BlockDAG’s project and products. This strategic move emphasized BlockDAG’s integration with major DeFi exchanges like Bitget and CoinEx and introduced its user-friendly mining devices and crypto payment card, accepted by 38 million merchants worldwide.
The tour continued at the Las Vegas Sphere with the release of the DAG paper, explaining BlockDAG’s unique protocol. The global tour concluded at Piccadilly Circus, celebrating BlockDAG’s listing on CoinMarketCap and generating substantial hype around its $100 million liquidity plan.
Notably, the launch of batch 16 has seen BlockDAG raise an impressive $38.2 million, selling over 10.3 billion coins and 6,624 mining rigs. This rapid progress has excited investors, with predictions of a potential 30,000x ROI. Expectations are high, with forecasts suggesting BlockDAG’s price could reach $30 by 2030. This remarkable growth trajectory positions BlockDAG as the top presale crypto for 2024.
Final Thoughts
While Cardano’s (ADA) price has declined due to reduced buying pressure, the Chainlink-SWIFT partnership speculation is driving LINK’s price up. BlockDAG’s strategic keynote at Shibuya Crossing and other iconic locations has propelled its presale to $38.2 million, selling 10.3 billion coins and 6,624 miners. This cutting-edge ASIC technology, combined with strategic promotional efforts, has led experts to predict a staggering 30,000x ROI potential, positioning BlockDAG as a leading Layer 1 cryptocurrency.
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Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
