In cryptocurrency market, Ethereum ETFs experienced a significant drop on Monday, with a staggering $79 million moving out. This shift highlights a growing trend where enthusiasm is cooling off due to Ethereum’s recent slow pace in rolling out new developments.
On the flip side, Fantom (FTM) is buzzing with a nearly 90% surge in value since the debut of its Sonic testnet. Now, it’s at a crucial juncture, grappling with a key resistance level that could either catapult its price to $1 or see it struggle to maintain the momentum.
Meanwhile, BlockDAG is making waves with its whopping $84.2 million presale, fueled further by a tantalizing $1M giveaway. With analysts whispering about a potential 20,000x return, the big question is: will this surge in presale activity lead to an explosive increase in price sooner than many might expect?
Ethereum ETFs Face Major Outflows
It was a rough start to the week for Ethereum ETFs, seeing over $79 million pulled out, marking the most significant exit since July. The lion’s share of this exodus came from Grayscale’s Ethereum Trust (ETHE), though Bitwise’s ETHW managed to snag some modest inflows.
Despite Ethereum’s price enjoying an 11% uptick recently, the mood remains wary among those holding Ether. The lack of fresh and exciting developments has many reallocating their assets, looking towards what’s next on the horizon. With the Pectra update slated for 2025 aiming to inject new life into Ethereum’s capabilities, the hope is to rekindle interest. Yet, for now, the focus for many is shifting towards fresher opportunities.
Fantom’s Price on the Cusp: Could $1 Be in Sight?
Fantom is on a tear, with its value nearly doubling since the Sonic testnet went live on September 6. After overcoming a long-standing resistance level, FTM now faces another challenge at the $0.75 to $0.86 range. If it can break through, the pathway to $1 looks promising. However, failure to sustain this breakthrough could mean that the recent uptick is just a temporary peak rather than a sign of a long-term trend..
BlockDAG Launches Its Second $1M Giveaway—More Opportunities to Win Big!
BlockDAG is stirring up the crypto community once again with its second $1 million giveaway, marking another pivotal moment in its remarkable growth journey. For those looking to participate, the steps are straightforward: maintain at least $100 worth of BDAG coins, engage with BlockDAG on social media, and share the giveaway post. These simple actions could catapult participants into the ranks of the 50 lucky winners who will each snag $20,000. Plus, referring friends can significantly boost one’s odds by earning additional entries.
Since making a splash with its testnet debut, BlockDAG’s presale has reached a monumental $84.2 million, cementing its place as one of the major presales in cryptocurrency history. With such impressive figures, industry insiders are suggesting BlockDAG could rise to become a leading figure in the crypto sphere by 2027, with potential value reaching up to $20 per coin. The ongoing giveaway is expected to further skyrocket BlockDAG’s visibility and appeal.
But the giveaway does more than just reward a few lucky winners—it benefits the entire BlockDAG community. As more people join the giveaway, the demand for BDAG coins is likely to soar, potentially boosting the value of the holdings significantly. In fact, early participants have already witnessed their holdings skyrocket by 1820% across 22 presale batches.
As buzz about the giveaway spreads across social platforms, more and more traders are rushing to be part of the action, with the 23rd batch of the presale on the verge of selling out. Those eager to maximize their potential benefits are finding that early participation is crucial as each new batch sees rising prices due to growing demand.
Which Crypto Will Dominate 2024?
While Ethereum ETFs are seeing significant outflows, indicating a cooling interest due to recent stagnations, all eyes are now on whether the upcoming Pectra update in 2025 can reverse these fortunes. Meanwhile, Fantom is on an upswing, targeting the $1 mark if it can successfully navigate through key resistance levels between $0.75 and $0.86, potentially setting it up for a long-term upward trajectory.
Yet, amidst these developments, it’s BlockDAG’s $1 million giveaway that’s capturing the limelight. With the presale’s success and the increasing demand for BDAG coins, BlockDAG is quickly becoming the go-to narrative for those wondering which crypto will make the biggest splash in 2024. With the 23rd presale batch nearly sold out, getting in early appears to be a strategy many are eager to adopt for potentially substantial rewards.
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