BlockDAG’s Presale Hits $51.1M with Celebrity Backing; GameStop Shares Tumble as Fetch.ai Predictions Sour

Fetch.ai has faced downturns in its market forecasts following a significant merger, while GameStop’s share price has fallen dramatically. Contrastingly, BlockDAG has achieved a spectacular rise in its presale, reaching $51.1M, thanks to high-profile endorsements, captivating presentations, and its innovative X1 mining app that enables smartphone users to mine cryptocurrency.

Cryptocurrency markets experienced contrasting fortunes on Monday, with Fetch.ai encountering difficulties and GameStop shares plummeting. In contrast, BlockDAG achieved remarkable success in its presale, raising over $51 million.

Fresh developments: Fetch.ai market outlook anticipates recovery after 24% fall

Fetch.ai’s market value declined by 4% in one day and 24% over the week, currently priced at $1.60 with increased trading activity.

This follows the integration of Fetch.ai with Ocean Protocol and SingularityNET on June 13, and the renaming of $FET to $ASI on June 11.

Since May, the price has been declining, slipping below the lower edge of the wedge pattern. Despite current bearish trends and high selling pressure, as indicated by a Relative Strength Index (RSI) below 30, market bulls are aiming for a rebound at the $1.56 support level.

Should this rebound occur, Fetch.ai could climb to $1.9, meeting the 50-day Simple Moving Average (SMA).

GameStop shares dive 62% from recent high, impacting meme tokens

GameStop’s stock continued to decline, plunging 12% on Monday following a 40% drop on Friday, eventually settling at $24.89.

This marks a 62% reduction from its recent high of $61. In turn, this drop has affected related meme tokens that track GME’s movement.

The Solana-based GME token fell 25% to $0.01624 after a 200% rise the previous week.

Its market capitalization is now at $112.21 million with a trading volume of $110.14 million over 24 hours.

Other associated tokens, like Roaring Kitty (KITTY) and various pet-themed tokens, saw declines from 4% to 10%.

The volatility started in late May, triggered by retail trader Keith Gill’s substantial positions in GME and company decisions that shook investor trust.

BlockDAG presale soars with expert support, offering X1 mining app

BlockDAG’s presale has seen exceptional success, largely due to endorsements from well-known cryptocurrency experts.

These endorsements have brought significant attention to the project, contributing to the outstanding presale performance.

In a recent video, crypto expert Dapp Centre highlighted BlockDAG’s strengths, describing it as a formidable rival to Polygon.

He emphasized its DAG structure that facilitates simultaneous transactions and a proof-of-work consensus mechanism that ensures security, safety, and decentralization.

Moreover, the expert also commended the initial keynote presentation in Tokyo, which offered comprehensive insights into the project and its offerings.

Furthermore, a second keynote, presenting from the moon, outlined BlockDAG’s key achievements, including accolades from Forbes and Bloomberg, endorsements from key crypto figures, over 50 development updates, and forthcoming releases like a DOXing video and a development documentary.

This presentation also introduced the energy-efficient X1 mining app, a game-changer for mobile mining, turning smartphones into potent BDAG coin miners.

With X1, individuals can mine up to 20 BDAG daily, which is about $1 based on BDAG’s expected launch price of $0.05, and potentially $20 daily if BDAG’s value reaches $1.

News source：https://www.kdj.com/cryptocurrencies-news/articles/blockdag-presale-hits-m-celebrity-gamestop-shares-tumble-fetchai-predictions-sour.html

The above is the detailed content of BlockDAG’s Presale Hits $51.1M with Celebrity Backing; GameStop Shares Tumble as Fetch.ai Predictions Sour. For more information, please follow other related articles on the PHP Chinese website!