BlockDAG Named the 'Top Altcoin of 2024' by Yahoo Finance & Fox News-web3.0-php.cn

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BlockDAG Named the 'Top Altcoin of 2024' by Yahoo Finance & Fox News

Susan Sarandon

Oct 04, 2024 am 03:58 AM

BlockDAG Cardano ICP Yahoo Finance Fox News

Discover why BlockDAG is named the top altcoin of 2024 by Yahoo Finance & Fox News and delve into the future price predictions of Cardano and ICP.

BlockDAG Named the 'Top Altcoin of 2024' by Yahoo Finance & Fox News

Cardano (ADA), Internet Computer (ICP), and BlockDAG are among the cryptocurrencies grabbing attention for different reasons this week. While Cardano faces potential challenges, ICP enjoys recent gains, and BlockDAG is grabbing headlines.

Cardano (ADA) is facing potential challenges, with forecasts suggesting it could decline by 20%, reaching the $0.31 mark. The daily chart indicates a bearish pattern, and traders are wary of similar declines as ADA has touched this resistance multiple times since April 2024.

Technical analysis shows that if ADA closes a day below $0.3912, it may trigger further downward movement. On-chain metrics also support the bearish outlook, with 51% of top traders holding short positions.

Currently trading around $0.385, ADA has seen a 1.4% decline in the past 24 hours, alongside a significant drop in trading volume, reflecting cautious investor sentiment.

On the other hand, Internet Computer (ICP) is enjoying a 16% surge over the past week, as the broader market takes a slight dip. Investors remain optimistic, with many eyeing “Uptober” for potential gains.

However, a looming rejection at the $9.90 resistance level could spell trouble, potentially pushing the token below $9.23 if bearish sentiment prevails.

ICP's upward trend began in August, and the current market dynamics might lead to losses in the coming days. The Relative Strength Index (RSI) suggests that bulls could hit their threshold soon, prompting a pullback.

Meanwhile, BlockDAG is grabbing headlines after being named the ‘top altcoin of 2024’ by Yahoo Finance and Fox News. This recognition highlights the project's community-driven focus and modern tech.

Currently in batch 23 and priced at $0.0192, BlockDAG has already raised a staggering $79.5 million in presale, with 13.3 billion coins sold.

As more contributors join BlockDAG, early backers stand to benefit from this excitement. Batch 23 is on the brink of selling out and the price of the coin will rise with the launch of batch 24.

This article is brought to you in partnership with BlockDAG. Join the BlockDAG community on Telegram for the latest updates on BDAG’s presale and upcoming Testnet launch.

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