2024-10-15 19:13 |
Ethereum’s inflows stopped on October 7, with no new funds coming in and trading volumes dropping noticeably. Meanwhile, Avalanche (AVAX) has gained 23% this month but struggles to break the $30 resistance, keeping its momentum in check.
On the flip side, only a few days are left to take advantage of BlockDAG’s 50% bonus. The urgency is only getting more real every day, and the crypto community is in a frenzy to get in on it before it’s gone.
Ethereum Inflows Stall as Bitcoin Continues to DominateEthereum ETFs have hit a pause, with no new inflows recorded on October 7, a stark contrast to Bitcoin’s surge in ETF activity. After seeing a modest $7.39 million in inflows the previous day, Ethereum ETFs have come to a standstill. Trading volumes also dropped from $148 million to $118 million, reflecting a slowdown in interest.
Ethereum’s price matched this trend, falling 2.9% to $2,417. The current market uncertainty, combined with Bitcoin’s dominance in ETF inflows, has led traders to favor Bitcoin more during this period. While Ethereum remains a powerful player in the crypto world, traders are holding back, waiting for more favorable conditions before resuming strong support for Ethereum-related assets.
AVAX Shows Steady Growth With Price RiseAvalanche (AVAX) is hovering around $27, showing solid progress with a 23% gain over the past month. However, AVAX is struggling to break through the $30 resistance level, slowing its momentum. Despite these challenges, Avalanche remains strong with bullish indicators, which suggests it could keep moving upward.
Recent developments, such as a $40 million grant on the Avalanche9000 Testnet, have boosted confidence in its ecosystem. Many are closely watching AVAX, waiting for a decisive breakout above $30 that could push the price higher. While AVAX faces resistance, it remains a popular choice, supported by its innovative blockchain technology and continued ecosystem growth.
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Ethereum’s inflows have stalled as Bitcoin dominates, leaving traders cautious. Meanwhile, Avalanche (AVAX) shows steady growth but struggles to break the $30 resistance. Now, as Ethereum slows and AVAX hits resistance, traders are flocking to BlockDAG for the 50% bonus before it’s gone.
With only a few days left, the window of opportunity to secure BlockDAG’s 50% bonus is quickly closing, and the buzz around this final push has crypto enthusiasts scrambling to take advantage. The presale has already raised an impressive $96.8 million, and early adopters are seeing substantial gains. Now is the time to act before this incredible offer is gone.
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Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
origin »Ethereum (ETH) на Currencies.ru
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