BlockDAG Closes Presale Round, Earns Spot Among Binance Coin & Hedera's Achievements

In the swiftly evolving cryptocurrency market, leaders like Binance Coin and Hedera are making significant advancements.

BlockDAG has emerged as a top contender in the cryptocurrency market with its innovative technologies and dynamic marketing strategies, which have propelled it to the forefront of crypto presale discussions.

Having already made waves with its Keynote 2 presentation, which was delivered ‘from the moon,’ BlockDAG showcased key technological advancements during the presentation, including the trial distribution of X10 miners to important influencers.

This event set the stage for upcoming public reviews and highlighted enhancements being made to the Blockchain Explorer, which will soon support a variety of functionalities such as Smart Contract Transactions and Token Pages.

Following the presentation, there was a rapid presale rush, which quickly gathered over $3 million in a matter of hours. With 11.4 billion coins sold at $0.0122 each, the presale has accumulated a total of $49.5 million, indicating strong investor confidence in the project.

Furthermore, strategic displays in major global hotspots like Shibuya Crossing and Piccadilly Circus have significantly amplified BlockDAG’s presence, showcasing its dedication to reaching a vast audience.

In addition to its presale success, BlockDAG also generates income through various streams, including mobile mining rewards, sales of its ASIC-based X series miners, and a rewarding referral program.

With over 7,600 miners already sold, generating $3.2 million in revenue, BlockDAG is shaping up as a promising investment with a unique value proposition and a diverse range of products and services.

Binance Coin (BNB) has soared to an unprecedented $716, following a 17% increase.

This surge comes as Bitcoin (BTC) has finally managed to cross the $71,000 mark, boosting the market enthusiasm and driving up the prices of several major cryptocurrencies.

Binance Coin, the native token of the world’s largest cryptocurrency exchange, has seen a substantial uptick in value, thanks to Bitcoin’s rally past $71,000.

According to CoinMarketCap, BNB has rallied by 17% over the past 24 hours, reaching a high of $716 during the early hours of Wednesday.

This surge has pushed Binance Coin’s market cap past the $100 billion mark, making it the fourth-largest cryptocurrency by market cap.

The trading volume for BNB has also seen a significant increase, reaching $3.5 billion.

This surge is largely due to the growing enthusiasm around Binance’s innovative offerings, particularly its Launchpool, which has attracted a large number of users and investors.

According to several analysts, this strong momentum could continue to propel BNB’s price higher, especially with the exchange planning to burn another batch of tokens from its profits.

Hedera has been making strides in enhancing its cybersecurity measures, having recently joined forces with the Crypto Information Sharing and Analysis Center (CISA) to protect its decentralized applications (dApps) and their transactions from potential threats.

A recent analysis by Santiment shows that Hedera is leading the pack in development activity among the top 20 cryptocurrencies by market cap.

This indicates a strong dedication by the Hedera team to network improvement and continuous development, which could bode well for the long-term success of the project.

Currently, HBAR trades at $0.1021, marking a 3.78% rise in the last 24 hours.

However, market sentiment remains cautiously optimistic, with the 24-hour trading volume decreasing by 31.66%.

Despite this, HBAR’s price is still significantly above its 200-day SMA, which could provide support and potentially lead to a rebound in buying pressure.

With the increasing adoption of Hedera’s dApps and the anticipation of further network enhancements, demand for HBAR could increase substantially, potentially driving its price up to $2.48 by the end of the year.

News source：https://www.kdj.com/cryptocurrencies-news/articles/blockdag-closes-presale-round-earns-spot-binance-coin-hedera-achievements.html

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