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3 months ago
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ARTICLE AD BOX
The Ethereum (ETH) price continues to navigate resistance levels, subtly influencing market dynamics. Concurrently, Cardano’s DEX volume reflects Cardano’s transaction slowdown. Meanwhile, BlockDAG has executed a masterstroke by bringing on board UFC champion Alex Pereira as its brand ambassador. This move has escalated its market presence, as BlockDAG captivates both crypto enthusiasts and sports fans. As a result, BlockDAG’s presale is inching closer to the $60M presale mark. This strategic alignment sparks anticipation for its potential as the crypto gem in 2024, especially with the excitement around the new partnership topped with its $2M giveaway.
Ethereum Price: Analyzing Current Market Resistance
The Ethereum (ETH) price has maintained its bullish stance, hovering above the critical $3,350 resistance level. Recently, ETH surpassed the $3,400 mark, moving into a stronger bullish territory. Despite this positive movement, the Ethereum (ETH) price faces stiff resistance near the $3,500 mark, where it appears to be consolidating its gains.
Continuing its trajectory, the Ethereum (ETH) price has slightly adjusted, retesting lower support levels, including the 23.6% Fibonacci retracement from its rise starting at $3,350. Ethereum (ETH) price remains well-positioned above $3,400 and the 100-hourly Simple Moving Average, backed by a key bullish trend line at $3,350. While the $3,500 level poses a challenge, the next significant barriers are $3,520 and $3,550.
Cardano’s DEX Volume Increase
The recent surge in Cardano DEX volume, crossing the 50 million ADA mark, signals a heightened interest in DeFi on the Cardano blockchain. Despite this impressive Cardano DEX volume, there’s a notable decrease in network activity. The number of daily active addresses has dropped from 39,300 to 31,000, reflecting a downturn in user engagement.
Simultaneously, daily transaction counts have halved from 94,000 to 49,500, indicating a slowdown across the network. Although ADA’s price has shown a modest increase, trading at $0.444 with a 1.89% rise, the broader market trend for Cardano remains bearish with consistent lower lows and lower highs.
BlockDAG’s Knockout Partnership with UFC Champ Alex Pereira
BlockDAG continues to redefine its market strategy and trustworthiness in the competitive crypto world. With a masterstroke of marketing genius, BlockDAG announced UFC champion Alex Pereira as its Brand Ambassador. This move not only heightened its visibility but its has also bridged the gap between sports enthusiasts and crypto adherents. When Pereira spoke on Instagram about his partnership with BlockDAG, it sparked a viral trend, positioning BlockDAG at the forefront of both the crypto and sports communities.
The momentum doesn’t stop there. BlockDAG’s presale has reached staggering heights as it nears the $60 million mark by selling an impressive $12.2 billion (and counting) coins. This rapid sale pace underscores BlockDAG’s growing appeal and positions it as a potential crypto gem in 2024. The enthusiasm around the presale indicates a robust interest, signaling a bright future for this emerging crypto entity.
Furthermore, the excitement around BlockDAG extends to its promotional strategies, like the massive $2 million giveaway. With over 95,000 entries and counting, the giveaway is a brilliant move to maintain engagement and excitement, keeping the community on its toes. With only 23 days left until the giveaway announcement, anticipation is building.
Crypto analysts are buzzing about the potential for a significant market breakout following BlockDAG’s official launch. This sentiment, combined with strong marketing and a solid presale performance, suggests that BlockDAG could indeed be the crypto gem 2024 adherents are searching for.
Which Crypto Will Stand Out in 2024?
As Ethereum (ETH) price maneuvers through market resistances and Cardano reflects a decline in network activity, BlockDAG emerges distinctively ahead. With UFC champion Alex Pereira elevating its appeal and the presale nearing the $60 million milestone, BlockDAG is poised as the promising crypto gem 2024. This dynamic sets BlockDAG apart, suggesting a stronger breakthrough potential in the evolving crypto landscape.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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