The crypto market has seen huge growth and massive drops this week. Avalanche has seen a big price drop with further drops seeming inevitable. Cardano has also hit its lowest trading volume in 2024 and may see a further fall.
On the opposite side of the coin, BlockDAG has seen a $10 million surge in presale in only 72 hours due to the massive whale activity. It seems to have come off the back of the 50% bonus offer that BlockDAG announced as a celebration of their successful Testnet launch. BlockDAG is collecting wins and traders are excited to see what the future holds for the altcoin.
The Huge Avalanche Price Drop Raises Concerns
The Avalanche (AVAX) price has dropped 21% from its recent peak of $30, signalling potential market volatility. After reaching a high of $65 earlier in the year, AVAX has entered a downward correction, testing support levels near $20.
Even with a brief recovery, concerns remain about whether this price bounce marks the beginning of a new uptrend or just a temporary relief before further declines. Analysts believe the $30 resistance level is crucial in determining AVAX’s future momentum. If AVAX fails to break this level, the Avalanche price drop may continue, leading to lower values in the coming weeks.
Cardano News: ADA Faces a 30% Price Drop
Recent Cardano news points to a potential 30% price drop, as on-chain metrics highlight increasing selling pressure. According to Santiment, Cardano’s daily active addresses have fallen from 52,000 to 22,000 since early September.
Additionally, trading volume has hit its second-lowest level in 2024 at $458 million, and ADA has seen a 17% price decline over the past month. While whale activity shows some interest, these broader negative trends could push Cardano’s price further down if it fails to break the $0.41 resistance level. If the current trend continues, ADA could hit a yearly low of $0.27, posing significant challenges for the cryptocurrency.
$10M in 72 Hours: BlockDAG’s Presale Booms to Over $92M
BlockDAG has experienced an impressive surge in its presale, raising $10 million in just 72 hours. This rapid influx of capital has been driven by growing whale interest, as large traders seize the opportunity to maximise their returns.
BlockDAG’s strong position as a key beneficiary of the recent market upswing has further fueled this momentum, drawing major capital inflows into the project. With the coin price currently at $0.0206 in batch 24, and over $92 million raised through the sale of 13.8 billion coins, BlockDAG’s presale continues to outperform expectations.
BlockDAG’s enticing 50% bonus offer on all coin purchases, which is still available for seven more days, has contributed to the presale’s success over the last 3 days. This bonus has incentivized large holders to act swiftly, eager to capitalise on the significant returns potential that BlockDAG’s presale offers. Traders looking to join the movement can use code BDAG50 until October 14th.
Early backers are especially thrilled to see the presale gaining traction. With such rapid growth and major whales backing the project, the BlockDAG presale has positioned itself as one of the fastest-growing cryptos in the presale phase. The combination of market confidence and the limited-time bonus offer has created the perfect storm, getting noticed by whales and the larger crypto community.
Fastest Growing Crypto
In an expected turn, Avalanche & Cardano have looming price drops hanging over them and their community, while only time will tell which way it will go for them. But in stark contrast, BlockDAG sees huge whale activity that has shot up the coin’s presale number. BlockDAG presale saw $10 million in just 72 hours with the help of their 50% bonus offer which allowed large traders to acquire more BDAG for the same cost. Watching the presale gain momentum and the bonus offer ending in 7 days, traders are watching BlockDAG closely to see the movement over the next week.
Join BlockDAG Presale Now:
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