BlockDAG CEO's Sizzling Interview Sparks $1 Million Presale Surge Overnight, Stealing Attention From ARB Whales & TON Price Rally!
- WBOYOriginal
- 2024-08-02 09:15:25825browse
Recent market trends show Toncoin (TON) struggling to maintain its bullish momentum, with prices hovering around $6.66 due to significant selling pressure.
BlockDAG, a promising cryptocurrency venture, has recently garnered attention with its impressive presale performance, which has seen the token surge by 1600%. In contrast, two other cryptocurrencies, Toncoin (TON) and Arbitrum (ARB), have faced challenges in maintaining momentum.
Recent market trends show Toncoin (TON) struggling to maintain its bullish momentum, with prices hovering around $6.66 due to significant selling pressure. Despite rallying by over 600% since the beginning of 2023, TON has faced a crucial resistance level at $7, leading to a correction.
Moreover, the selling pressure on TON is evident in its 12% decline this month, as traders have been cashing out at higher levels. However, if the selling pressure eases and a bullish trend resumes, a 40% increase is possible, bringing TON prices closer to $9.
On the other hand, Arbitrum (ARB) has seen a different story unfold despite facing challenges in 2023. While the token’s value has declined by 10% over the past 30 days, reaching $0.73,??? Arbitrum has seen a massive surge in whale activity.
According to data from IntoTheBlock, the number of whale addresses holding 100,000 to 1,000,000 ARB has reached an all-time high, with 10,100 addresses now holding significant amounts of the token. This large-scale accumulation could be a bullish sign, especially considering ARB’s current undervaluation, which is indicated by its negative market value to realized value (MVRV) ratio. This metric suggests that ARB may be a good buying opportunity, as it trades below its average purchase price.
Meanwhile, BlockDAG has experienced a massive boom in popularity following an in-depth interview with its CEO Antony Turner. The presale has raised an impressive $1 million in just one day, driven by the CEO’s announcement of forming a foundation to oversee the presale funds.
This rapid rise and the foundation’s establishment plans further solidify BlockDAG’s position among the top 10 cryptocurrencies in the market.
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