Market Turbulence Shakes Dogecoin and Ronin, BlockDAG Prepares for Leadership Reveal
- PHPzOriginal
- 2024-07-22 17:40:201013browse
Recent market turbulence has led to significant events for Dogecoin and Ronin. Despite a sharp price drop, a major Dogecoin investor has shown confidence
Recent market turbulence has brought about significant developments for Dogecoin and Ronin. Despite a sharp price drop, a major Dogecoin investor is making a substantial purchase, while Ronin's Goda upgrade and the launch of Pixels aim to stabilise its native token, RON. Meanwhile, BlockDAG is preparing to announce its CEO and executive team, promising increased transparency and community trust.
Dogecoin Whale Invests $10 Million Amid Market Decline
A major Dogecoin investor recently purchased 90 million DOGE tokens, valued at about $10 million, during a significant market decline. This substantial investment comes as Dogecoin's price experienced a 27% drop over three days, reaching a low of $0.0916 before bouncing back to $0.099.
This recovery was driven by demand at the lower trendline of a bull-flag formation, indicating a possible temporary counter-trend. If this pattern persists, Dogecoin could see a further 23% rise, potentially challenging higher resistance levels. This activity highlights the ongoing interest and strategic moves of major market players.
Ronin's Goda Upgrade and Pixels Game
Ronin recently launched the Goda upgrade to improve its platform and attract more users. Despite this, the price of its native token, RON, has been fluctuating, raising concerns that it may fall below $2. The decline of Axie Infinity, once Ronin’s flagship game, has been mitigated by the rise of a new game, Pixels.
With its unique single-token economy, Pixels has renewed interest, helping RON reach a new all-time high of $4.56 in March. The Goda upgrade's success and Pixels' popularity could help maintain positive momentum and stabilise RON's value moving forward.
BlockDAG to Announce Leadership Team, Prepare Your Questions
Get ready for an exciting event in the crypto world as BlockDAG announces its CEO and executive team on July 29, followed by an engaging “Ask Me Anything” (AMA) session on July 30.
This event aims to enhance transparency and build trust within the BlockDAG community by introducing the strategic leaders driving the platform's innovation and growth. The AMA session will allow community members to interact directly with the new leaders, ask questions, and gain insights into BlockDAG's future plans, deepening community engagement.
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