BlockDAG Steals the Spotlight as Ethereum and Dogecoin Face Downturns
- WBOYOriginal
- 2024-08-17 12:15:17654browse
Ethereum and Dogecoin are facing significant downturns, with Ethereum testing lows around $1,911 and Dogecoin dropping to $0.12, a decrease of 12% over three days. Amid these declines, crypto investors are shifting their focus towards more robust prospects.
BlockDAG is planning a huge move by partnering with three top European soccer teams, but their names are still a mystery. UFC champ Alex Pereira is already on board as their brand ambassador. BlockDAG has also raised an impressive $66.4 million and seen a 1600% price surge, with the current price at $0.017 per coin and batch 21 selling out quickly. BlockDAG is set to continue its exciting journey with more achievements on the horizon.
Meanwhile, Ethereum’s price dropped below the $3,000 mark, struggling to rise from the $2,000 area. This drop pushed Ethereum down over 20%, dragging Bitcoin below the $2,500 support level. The price dipped further after a drop below $2,200, testing lows around $1,920. A base formed at $1,911, and Ethereum is now trying to stabilise its losses. There’s a slight recovery underway, with the price moving back above $2,200. This recovery follows a decline from the recent high of $2,922 to the low of $1,911.
On the other hand, Dogecoin’s price has dropped to $0.12, a 12% decline in three days, prompting fears of falling below $0.10. Despite a rally in other major cryptocurrencies like Bitcoin, Dogecoin remains stagnant. This ongoing Dogecoin price drop began after it reached a high of $0.143 on July 21.
A significant imbalance between sell and buy orders could push the price lower, as sellers outnumber buyers dramatically. With over 730 million DOGE for sale and only a fraction being bought, Dogecoin could lose more value soon. Investors are now considering reallocating their funds to more profitable assets like BlockDAG.
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