Can Fee Increases Stabilise DAI? MakerDAO’s Latest Measures and Insights on the Best Ongoing Presales in 2024

In the fast-paced world of cryptocurrency, staying updated with the latest developments and identifying promising investment opportunities is essential for investors looking to maximise their returns. Two projects that have recently garnered attention in this dynamic market are MakerDAO and MoonBag.

Each project has taken distinct paths to secure its place among the best ongoing presales in 2024, offering unique strategies and potential benefits for investors. While MakerDAO focuses on stabilising its DAI stablecoin amid market volatility, MoonBag has captured investor interest with its structured presale and appealing referral program.

MakerDAO, which manages the DAI stablecoin, has faced significant challenges due to market fluctuations and external pressures. In response, MakerDAO has implemented fee hikes to stabilise DAI’s value, increasing the DAI savings rate from 5% to 15% and raising stability fees on core vaults by 9-10%. These measures are designed to reinforce DAI’s peg to the US dollar and address liquidity issues by maintaining a system of over-collateralization with assets such as ETH and USDC.

In contrast, MoonBag has generated significant excitement with its presale, currently in stage 7, pricing each coin at $0.0005 and raising $3.8 million to date. Analyst Jacob Crypto Bury’s prediction that MoonBag could reach $1 by 2025 highlights its growth potential. Moreover, MoonBag’s referral program, which offers 50% bonus coins and additional USDC rewards, further enhances its attractiveness as a top investment opportunity in the cryptocurrency landscape.

MakerDAO Implements Fee Hikes to Stabilise DAI Amid Market Volatility

DAI, a stablecoin managed by the MakerDAO protocol, has faced recent challenges due to market volatility and external pressures. To stabilise its value, MakerDAO has implemented fee hikes, including increasing the DAI savings rate from 5% to 15% and raising stability fees on core vaults by 9-10%. These measures are aimed at reinforcing DAI’s peg to the US dollar amid a drop in reserves from $5 billion to $4.4 billion. Despite these pressures, DAI maintains its value through a system of over-collateralization, requiring users to deposit collateral like ETH or USDC into smart contracts, ensuring its decentralised nature while addressing potential liquidity issues.

Best Ongoing Presales in 2024: MoonBag Raises $3.8M in Lightning Speed

MoonBag’s (MBAG) presale has reached stage 7, pricing each coin at $0.0005 and successfully raising $3.8 million to date. The project has captured considerable attention in the crypto community, with analyst Jacob Crypto Bury forecasting that MoonBag could potentially reach $1 by 2025. This optimistic projection is fueled by the structured presale strategy and strong market engagement, positioning MoonBag as a notable player in the evolving cryptocurrency landscape. The combination of affordable entry points and promising future valuations highlights MoonBag’s potential for substantial growth, appealing to both new and seasoned investors.

Get 50% Extra Coins and Top Bonuses with MoonBag’s Referral Magic!

Are you looking to maximise your earnings in the crypto space? MoonBag’s referral program offers an exciting opportunity for users and influencers to enjoy significant bonuses. By participating in this program, you can earn 50% bonus coins and additional rewards in USDC, making it one of the most attractive referral schemes in the market.

To get started, securely connect your wallet to the MoonBag platform. Once connected, you’ll receive a unique referral code that you can share with friends, family, or your wider crypto community. When someone uses your referral code to make a purchase of $25 or more, they receive an additional 50% bonus coins on top of their purchase. This incentive not only benefits your referrals by giving them extra value for their investment, but it also encourages them to participate in the MoonBag ecosystem.

As your referrals make purchases using your code, the total amount purchased will accumulate and place you on the leaderboard. This leaderboard is a dynamic way to track the most successful referrers each month. The top 20 referrers at the end of each month receive an additional reward: 10% of the total amount purchased using their code in USDC. This means that the more your referrals invest, the more you earn in USDC, creating a win-win situation for both you and your community.

For influencers, the MoonBag referral program is particularly advantageous. By leveraging your existing audience, you can share your referral code across various platforms, such as social media, blogs, or video channels. This not only helps you grow your audience by offering them a valuable investment opportunity but also increases your chances of ranking high on the leaderboard. The additional USDC rewards can be a substantial boost to your earnings, especially if you have a large and engaged following.

Furthermore, the referral program is designed to be transparent and easy to monitor. MoonBag provides regular updates and announcements on their social media channels, ensuring you stay informed about your position on the leaderboard and any upcoming opportunities to maximise your rewards.

Conclusion

In conclusion, both MakerDAO and MoonBag are making significant strides in the cryptocurrency market, securing their positions among the best ongoing presales in 2024. MakerDAO’s recent fee hikes aim to stabilise the DAI stablecoin amidst market volatility, with increases in the DAI savings rate and stability fees on core vaults. These measures ensure that DAI maintains its peg to the US dollar, utilising a system of over-collateralization with assets like ETH and USDC to address liquidity challenges and reinforce its decentralised nature.

MoonBag, on the other hand, has captured significant attention with its presale, raising $3.8 million overall and currently in stage 7, pricing each coin at $0.0005. The project’s potential is highlighted by analyst Jacob Crypto Bury’s forecast that MoonBag could reach $1 by 2025. MoonBag’s referral program further enhances its appeal by offering 50% bonus coins and additional USDC rewards, making it an attractive investment opportunity. With a structured presale strategy, robust market engagement, and generous referral incentives, MoonBag stands out as the best crypto project of the year. Investors looking to maximise their returns should consider joining the MoonBag presale now to participate in this promising and rapidly growing venture.