This week in the crypto market has been a mix of rapid growth and sharp declines. Avalanche has suffered a significant price fall, with more decreases likely on the horizon. Cardano has also reached its lowest trading volume this year and could drop even further.
On the brighter side, BlockDAG has rapidly gained $10 million from presale activities in just 72 hours, fueled by large-scale interest. This influx came right after they offered a 50% bonus to celebrate their successful Testnet launch. BlockDAG is stacking up victories, keeping traders eager about its future prospects.
Avalanche Faces Major Price Drop Concerns
The Avalanche (AVAX) price has plummeted 21% from its recent high of $30, indicating possible market instability. After peaking at $65 earlier in the year, AVAX is now adjusting downward, with current prices testing the $20 support level.
Despite a short recovery, there’s uncertainty about whether this uptick is the start of an upward trend or merely a brief pause before further drops. Analysts are watching the $30 resistance level closely as it will play a key role in deciding AVAX’s next moves. Failure to surpass this mark could lead to continued price drops for Avalanche in the weeks to come.
Cardano in Trouble: Potential 30% Price Drop Ahead
Recent developments suggest Cardano might see a 30% price reduction, driven by growing selling pressure, according to on-chain data from Santiment. Since early September, daily active addresses for Cardano have decreased from 52,000 to 22,000.
Moreover, trading volume has reached its second-lowest point in 2024 at $458 million, and ADA’s price has fallen 17% in the past month. Although there is some activity from large holders, the overall negative trends might push Cardano’s price down further if it doesn’t overcome the $0.41 resistance level. Continuing this trend, ADA could reach a new low of $0.27 this year, presenting significant challenges for the cryptocurrency.
$10M in 72 Hours: BlockDAG’s Presale Jumps to Over $92M
BlockDAG has seen a remarkable increase in its presale, collecting $10 million in just 72 hours. This sharp rise in funds is due to significant interest from large traders, who are quick to grab this chance for high returns.
BlockDAG’s position as a major beneficiary of the recent market upturn has boosted this trend, drawing substantial investments into the project. Currently priced at $0.0206 in its 24th batch, BlockDAG has raised over $92 million through the sale of 14 billion coins, surpassing expectations.
BlockDAG’s attractive 50% bonus offer on coin purchases, which lasts for seven more days, has played a big part in the presale’s recent success. This deal has motivated large holders to move fast, keen to make the most of the high return potential that BlockDAG’s presale presents. Traders wanting to join can use the code BDAG50 until October 14th.
Early supporters are excited to see the presale pick up speed. With swift expansion and strong backing from large traders, BlockDAG’s presale has quickly become one of the fastest-growing cryptos in its early stages. The mix of market confidence and this limited-time offer has created an ideal scenario, attracting attention from both major traders and the wider crypto community.
Final Thoughts On Fastest Growing Crypto
While Avalanche & Cardano face potential price drops that keep their communities on edge, BlockDAG stands out with substantial activity from large traders that has boosted its presale figures. BlockDAG saw a $10 million increase in just 72 hours, aided by their 50% bonus offer which allowed large traders to get more BDAG for their money. With the presale gaining momentum and the bonus ending in 4 days, traders are keeping a close eye on BlockDAG to see how it performs in the coming week.
Join BlockDAG Presale Now:
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