2024-7-18 23:00 |
Bitcoin & Ethereum ETF Hype Rises But BlockDAG Cruises As UFC Champion Alex Pereira Signs as Brand Ambassador
After a period of volatility, Bitcoin and Ethereum are making strong recoveries. Bitcoin has regained the $58,000 mark, and Ethereum is boosted by news of Ethereum ETF approvals. Amid these developments, BlockDAG, a Layer 1 project with a stellar presale, has attracted significant inflows. Its recent partnership with UFC champion Alex Pereira has also boosted its visibility. The presale has surged to more than $58.9 million, reflecting growing investor interest.
For those seeking the best crypto to buy today, considering Bitcoin price prediction and the impact of Ethereum ETFs, BlockDAG stands out with its long-term potential.
Bitcoin’s Current Market and Price PredictionsBitcoin (BTC) recently breached its weekly support level of $58,375 on Thursday. By Friday, it traded 2.8% lower at $55,314. Earlier in the week, Bitcoin faced resistance at the daily level of $63,956 on Monday, leading to a 9.2% decline over the next three days. The drop below crucial support thresholds indicates potential further downtrends.
If Bitcoin closes below its May 1 low of $58.9,522, it could decline by 7.3% to revisit its daily support at $52,266. Indicators like the Relative Strength Index (RSI) and the Awesome Oscillator (AO) support this bearish outlook. However, a close above $63,956 could trigger a 5% rise, offering a more optimistic Bitcoin price prediction.
Ethereum’s Market Outlook and ETF ImpactThe anticipated launch of the Ethereum ETF has created buzz in the market. Bloomberg ETF analyst James Seyffart predicted that spot Ethereum ETFs could launch around mid-July, although he expressed low confidence in the exact date. This prediction follows Bitwise’s amendment to its spot Ethereum ETF application, which included a six-month fee waiver for the first $500 million in assets.
The SEC’s Division of Corporate Finance is reviewing these applications, with no official timeline for approvals. However, recent developments suggest an imminent launch. Bloomberg ETF analyst Eric Balchunas noted that minimal changes were needed, indicating that the funds should have begun trading already. Galaxy Digital, with a pending application, expects the Ethereum ETFs to launch in a few weeks, supported by the SEC’s earlier approval for exchange listings.
BlockDAG’s Strategic Partnership and Presale SuccessBlockDAG has made headlines with its recent partnership with UFC champion Alex Pereira, boosting its presale to $58.9 million. This collaboration emphasizes BlockDAG’s commitment to resilience and innovation, mirroring Pereira’s qualities of excellence and determination. As a result, the presale has surged in popularity, attracting significant investor interest.
The presale has seen a 1400% price surge, from its initial batch price of $0.001 to its current batch price of $0.015 in batch 20. This impressive growth highlights BlockDAG’s potential as the best crypto to buy today. The partnership with Alex Pereira not only enhances BlockDAG’s visibility but also extends its influence beyond the typical tech sphere, attracting a diverse audience, including sports enthusiasts.
BlockDAG is acclaimed as the world’s most advanced layer-1 blockchain, employing Proof of Work technology for enhanced efficiency and speed. Its compatibility with the Ethereum Virtual Machine (EVM) allows for swift implementation of Ethereum-based contracts. With projections foreseeing BlockDAG’s coin value reaching $30 by 2030, it presents a promising investment opportunity.
Key InsightsBitcoin’s recent price movements suggest potential volatility, while Ethereum’s anticipated ETF approvals could bring significant inflows. However, BlockDAG stands out as the best crypto to buy today due to its impressive presale performance, strategic partnerships, and innovative technology. BlockDAG’s announcement of its partnership with UFC champion Alex Pereira has boosted its presale to $58.9 million. The presale has seen a 1400% price surge from its initial batch price of $0.001 to its current batch price of $0.015 in batch 20. Given these factors, BlockDAG presents a compelling investment opportunity amid the evolving crypto landscape.
Join BlockDAG Presale Now:
Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyuDisclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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