As Mantle (MNT) and Filecoin (FIL) Face Market Turmoil, BlockDAG (BDAG) Shines With a 1600% ROI and a 100k+ Community

The market is facing tough times, especially for Mantle and Filecoin. Mantle (MNT) has seen a sharp 23% price drop, which could derail its upward trend

As the crypto market continues to experience turbulence, several promising altcoins are making headlines with their price movements and partnerships. Here's a closer look at the latest updates on Mantle (MNT), Filecoin (FIL), and BlockDAG.

Mantle (MNT) Price Drops 23% from July High

Mantle (MNT) has seen a significant price drop of 23% from its July high, putting its bullish trend to the test. After a promising 47% rise to $0.90, the price faced resistance and began to reverse due to selling pressure, slipping to $0.70.

This decline tests the previously broken descending resistance, which could now serve as support. If the price holds at this level, it would reaffirm a bullish trend. However, falling through this support could indicate a re-entry into a descending pattern that has been in place since March. The hourly RSI suggests oversold conditions, hinting at a potential rebound.

Filecoin's TVL Hits All-Time High Despite a 55% Price Decrease

Filecoin (FIL) had a rough second quarter as its price plummeted by 55%, largely influenced by the bearish market and the saying “sell in May and go away.” Despite this price decrease, the network achieved an all-time high in total value locked (TVL) at $213 million, driven by over 3,700 unique contract deployments.

However, Messari's report reveals a mixed picture as active storage deals dipped by 6% from the previous quarter, and storage utilization grew by only 3%, compared to 5% in Q1. Revenue from fees doubled to $4 million, while the altcoin’s price ranged from $6.3 to $5.2, eventually dropping to $4.0.

BlockDAG's Brand Ambassador Contributes to 100k Community

BlockDAG has made a bold move by partnering with UFC star Alex Pereira, marking a historic milestone in their journey to revolutionize the blockchain landscape. This partnership is a testament to Alex's dedication and hard work in the field of sports, which aligns perfectly with BlockDAG's goals.

With his impressive victories and unwavering determination, Alex Pereira injects dynamic energy into the BlockDAG community, inspiring innovation and resilience. This collaboration has boosted BlockDAG's profile and driven demand for its coin through the roof, with Batch 21 nearly sold out at $0.017 per coin.

BlockDAG's rise isn't just about high-profile partnerships; it's also about the stellar team behind the scenes. Led by CEO Antony Turner, a visionary with an impressive track record in fintech and blockchain, BlockDAG is built on a foundation of expertise and innovation.

The team includes Dr Prof. Youssef Khaoulaj, a cybersecurity authority with experience at Intelcia Group and the Central Bank of Morocco, and Senior Advisor Steven Clarke-Martin, who brings over two decades of strategic consulting experience in blockchain and digital transformation. Adding academic prowess to the team is Dr. Maurice Herlihy, a renowned scholar with degrees from Harvard and MIT and a recipient of the prestigious Dijkstra and Gödel Prizes

This illustrious team has already delivered a 1600% ROI for early BDAG investors. Furthermore, with its Mainnet launch set to take place in 2 months, the price of BDAG is expected to rise from $0.017 to $1.

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