BlockDAG (BDAG) Positioned for Breakout in 2024 Cryptocurrency Market, Backed by Influencer Endorsements and Ongoing Development Updates

Bitcoin Cash saw a significant price increase of over 4% this week, yet it has not achieved its peak historical price. Meanwhile, GameStop's stock has also surged, influencing a variety of cryptocurrency meme coins. BlockDAG (BDAG) has emerged prominently in this environment, backed by strategic influencer endorsements and ongoing development updates.

Bitcoin Cash saw a significant price increase of over 4% this week, yet it has not achieved its peak historical price. Meanwhile, GameStop’s stock has also surged, influencing a variety of cryptocurrency meme coins.

BlockDAG emerged prominently in this environment, backed by strategic influencer endorsements and ongoing development updates. It is positioning itself as a potential breakout cryptocurrency for 2024, with a presale tallying $50.4 million and an astonishing 1120% increase in price from batch 1 to batch 18.

Here are the key highlights for the week:

Bitcoin Cash Ascends Yet Remains Below Peak

This week, Bitcoin Cash has grown substantially by more than 4%. It has increased by more than 6% in the past week alone, indicating a robust upward momentum. However, it still has yet to reach its highest historical price.

The surge in trading activity and a slight dip in available supply underscores its strong market presence despite the ongoing market fluctuations.

GameStop’s Influence Expands into Crypto Meme Coins

The stock price of GameStop has risen notably, impacting specific cryptocurrency meme coins. A GameStop tribute coin, based on the Solana blockchain, jumped by 38% recently. This increase is partly due to the influence of the WallStreetBets community and “Roaring Kitty,” an influencer.

The rise in GameStop’s stock has consequently affected the broader cryptocurrency sector, impacting coins like $BRETT, $TRUMP, and $FLOKI, which are stabilising after a recent increase.

BlockDAG’s Presale Surges Past $50 Million with Influencer Endorsements

BlockDAG has become increasingly prominent in cryptocurrency, with weekly updates and significant influencer endorsements. The platform’s Keynote 2 has especially gained traction, boosting its presale to $50.4 million and an impressive 1120% value increase from its first to the eighteenth batch.

Influencer insights during Keynote 2 have spotlighted BlockDAG, attracting new investors and enhancing its market credibility.

Bleeves Crypto’s Analysis of BlockDAG Keynote 2

Bleeves Crypto, a well-known YouTube influencer, analysed BlockDAG’s Keynote 2 in a standout review. His comprehensive review covered the innovative aspects and developmental progress of BlockDAG, highlighting the platform’s transparent updates, robust DAG structure, and user-friendly features of the X1 crypto miner app. He praised BlockDAG’s efficient handling of concurrent operations, enhancing scalability and security. Additionally, he lauded the platform’s efforts to democratize blockchain technology with a no-code development environment and a streamlined mobile app.

BlockDAG Continues Development Releases

BlockDAG advances with regular development releases. The latest Dev Release 48 highlights the platform’s commitment to refining the user experience and performance of the X1 Mining App. This update addressed issues like phone number input, improved connectivity with Coinbase, and optimized app performance. BlockDAG is also set to launch its Blockchain Explorer soon, which is aimed at enhancing network transparency and helping users monitor transactions.

With strategic influencer endorsements, regular updates, and technological innovations, BlockDAG is poised to dominate the cryptocurrency market by 2024. The platform’s presale success and an 1120% price increase since its initial batch signals strong investor confidence and a growing interest in its potential.

News source：https://www.kdj.com/cryptocurrencies-news/articles/blockdag-bdag-positioned-breakout-cryptocurrency-market-influencer-endorsements-ongoing-development-updates.html

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