August witnessed the most severe market downturn of 2024, with major cryptocurrencies including Bitcoin plummeting. Driven by recession fears, geopolitical tensions, and harsh market corrections, the initial gains of the bull market have been completely erased, slashing the overall market cap by 20%.
Read CRYPTONEWSLAND on
google news
In this downturn, Cardano (ADA) has seen its growth stall significantly. Its development activity plummeted by 75% within just a month. Similarly, PEPE’s prospects are dimming, with its price now nearly 40% below its peak.
In stark contrast, BlockDAG emerges as a top contender for success. Its presale, spanning 45 stages, has bucked the negative trend. From its first batch, BlockDAG’s price has surged by 1600%. Now, with $67.7 million raised in presale revenue, forecasts suggest it could reach $1 in the years, potentially yielding a 5800% ROI for early investors.
Significant Slowdown in Cardano (ADA) User Growth
Cardano’s user expansion has plateaued, with the count of ADA wallet addresses static at 4.45 million for nearly a year. Despite the competitive crypto landscape where platforms like Solana are rapidly gaining new users, Cardano’s development efforts have significantly diminished, decreasing by 75% in a month.
ADA’s price has also fallen by nearly 23% over the past 30 days. However, signs like a bullish pennant formation and stabilizing Relative Strength Index (RSI) might hint at a possible upturn, though Cardano currently grapples with challenges from more dynamic rivals.
PEPE Price Projections: Possible Climb to $0.000012?
Currently, PEPE trades 38.29% below its highest ever price. Despite the recent drop, it maintains an impressive growth for the year. August 2024 could be pivotal for PEPE’s price as it teeters on the edge of rising to $0.000010.
Should the momentum falter, the price may dip to $0.0000060. Looking forward to the third quarter of 2024, a breakthrough to $0.000012 is feasible if bullish trends persist, though a bearish trend might lower it to $0.0000070.
BlockDAG’s Resilience Amidst Market Turbulence
The recent market downturn severely impacted many cryptocurrencies, leaving investors reeling from the losses. Market downturns are an inevitable part of the investment landscape, and it’s uncertain when the next one might strike. However, steering clear of investing due to fear isn’t a viable strategy.
Instead, the key is to identify cryptos that can weather the storm, and here, BlockDAG emerges as a robust choice. Since its first batch, BlockDAG’s value has surged by 1680%—a return on investment hard to match. Currently, each BDAG is valued at $0.0178, and the BlockDAG community now boasts over 100,000 holders spread across more than 30 countries.
What sets BlockDAG apart? It’s the technology. The unique Block & DAG architecture tackles the significant challenges of speed, security, and decentralization—issues that even well-established giants like Bitcoin and Ethereum face.
With transaction speeds reaching between 10,000 to 15,000 transactions per second, BlockDAG is exceptionally fast. Additionally, BlockDAG is revolutionizing the market with its crypto payment card, which functions like a typical debit card, making it possible to use crypto for purchases anywhere.
These innovations have propelled BlockDAG to impressive new heights. Following robust presale results and continuous technological advancements, BlockDAG is anticipated to hit $1 in the coming years.
For those considering getting in on batch 22, there’s a potential for a 5800% return on investment. But hurry—the window is closing fast, as this batch is nearly sold out, with some stakes as high as $2.4 million already claimed.
The Final Call
The crypto market is really rough in 2024, and a lot of coins are struggling. Cardano (ADA) is trying hard to pick up speed again, but things aren’t looking great as its growth slows and fewer people are working on it. At the same time, PEPE is barely getting by as it tries to deal with these tough market swings.
But even with all this chaos, BlockDAG is standing strong. It had a really good presale, bringing in $67.7 million, and everyone is starting to notice its strength. Right now, each BDAG coin is worth $0.0178, and there’s a good chance it could go up to $1 in the coming years. That means people who purchased early in batch 22 could see their money grow by as much as 5800%.
However, there’s not much time left. This batch is selling out fast, with some big buys up to $2.4 million. Once it’s gone, the next batch will cost more, so now’s the best time to get in for a big potential return.
Learn About BlockDAG – Act Now Before Prices Increase:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
