BlockDAG: A Rising Star in the Crypto Realm as Fantom and Aevo Navigate Market Dynamics
- WBOYOriginal
- 2024-07-20 15:31:37491browse
Fantom (FTM) is on a quest to reclaim the $1 level after slipping below critical support, while Aevo’s forecast hints at potential growth despite recent declines.
Cryptocurrency prices experienced varied shifts on Monday, with some coins showing signs of recovery while others faced further declines. Among the notable movements, FTM encountered difficulties, slipping below crucial support, while Aevo’s price encountered a 7% decrease. In contrast, BlockDAG garnered attention with a $2 million giveaway and the early release of its X1 mining app.
As the presale progresses, BlockDAG has already secured over $57.1 million in investments.
Amidst these dynamics, several coins showcased resilience, including FTM, which remained above the $0.500 level despite slipping below the 200-day EMA. At the time of writing, FTM was priced at $0.52, encountering a 3.03% loss over the last 24 hours.
However, some analysts remained optimistic, highlighting FTM’s potential for a near-term recovery as it tests the $0.500 support. According to their analysis, indicators like the RSI and MACD hinted at a possible price turnaround, suggesting that FTM could rally if it manages to break above the $0.600 resistance.
On the other hand, Aevo’s price encountered a 7.23% decline over the last 24 hours, bringing its value down to $0.48. Despite this short-term setback, longer-term forecasts remained more optimistic.
According to some predictions, Aevo has the potential to reach $1.35 by 2024 and $1.03 by 2025. Technical analyses revealed Aevo’s struggle to hit higher price marks, although recent bullish movements pushed its value close to $1.06.
Prediction models were even more bullish, projecting an average price of $5 by 2030, signaling a potentially robust long-term growth despite present-day volatilities.
In other developments, BlockDAG’s announcement of a $2 million giveaway sparked a surge in community participation. With only 36 days remaining for followers to engage with social media, submit their wallet addresses, and complete various quests to enhance their winning odds, this initiative has spiked enthusiasm significantly.
Moreover, BlockDAG has accelerated the launch of its X1 Miner app on the Apple App Store, advancing the mining start by two months. Initially planned for August, users can now commence mining on the Devnet immediately through the X1 app. This early move pushes BlockDAG’s timeline forward, allowing users to start accumulating BDAG coins sooner.
To begin mining BDAG coins, users need to register on the BlockDAG app, verify their phone number via OTP, and swipe right on the “Swipe Me” button to activate the mining process, directly generating BDAG coins.
The presale has surged, with the price moving from $0.001 in Batch 1 to $0.014 in Batch 19, marking a 1300% increase. So far, BlockDAG has raised $57.1 million from the presale and an additional $3.6 million from selling over 8,800 miners.
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