BDAG\'s Presale Escalates as Bitcoin Cash and Avalanche\'s Market Value Increase

As 2023 ended, Avalanche's market value saw a remarkable rise, indicating vigorous growth and increased transaction volumes. Simultaneously, Bitcoin Cash's valuation fluctuated, challenging significant resistance points while striving for steadiness.

BlockDAG’s presale has escalated to $52.3 million, making it one of the leading altcoins to watch in 2024. As 2023 ended, the crypto market experienced shifts, with Bitcoin Cash encountering resistance at crucial points and aiming for stability. Meanwhile, BlockDAG’s second keynote pushed presale numbers, sparking a wave of interest.

Here’s a closer look at the market shifts and BlockDAG’s presale success.

Avalanche’s market value saw a remarkable rise, indicating vigorous growth and increased transaction volumes. A Messari analysis reveals that due to its scalable platform and strong infrastructure, Avalanche’s market capitalisation rose by 344% quarterly and 326% annually, reaching a new peak of $14.4 billion.

This growth coincides with a notable increase in on-chain activities, with daily transactions on Avalanche soaring by 450% quarter-over-quarter, peaking at 1.5 million transactions per day. Moreover, a record-setting day on Avalanche’s C-Chain saw 6.3 million transactions, primarily inscriptions.

Bitcoin Cash began a positive trend recently, surpassing the $245 mark and breaking through several resistance levels. This upward movement echoes trends in other leading cryptocurrencies, overcoming the $250 and $265 thresholds and briefly reaching nearly $283.

After this surge, Bitcoin Cash now encounters a significant resistance level of around $275, with prospects for further gains if it stabilises above the $282 mark. Essential support is found along a bullish trend line at $258, aligning closely with the 50% Fibonacci retracement of the recent increase from $233 to $283.

BlockDAG’s latest keynote 2 has reignited interest throughout the cryptocurrency community, leading to positive expectations for its future. Initiated in Tokyo, the presentation aimed at a price target of $0.05 by its official release.

Highlights included endorsements from renowned publications such as Forbes and Bloomberg and support from notable figures in the crypto sector. The presentation also discussed the beta launch of the X1 Crypto Miner App, advances in blockchain technology, the planned rollout of a fully human team, global marketing strategies, and updates to the development roadmap.

The latest engagement in BlockDAG’s presale saw a massive 1120% price increase from the introductory price of $0.001 per coin to $0.0122 by the 18th batch. This presale, touted as one of the best crypto presales of 2024, has already raised $52.3 million from the sale of 11.6 billion BDAG coins, with an additional $3.3 million generated from sales of over 7,999 miners.

As the Avalanche market value and Bitcoin Cash valuation fluctuate, BlockDAG distinctly emerges with its promising presale achievements. With $52.3 million gathered and projections of significant returns, BlockDAG stands out as a primary altcoin for investment in 2024, presenting an enticing presale that promises a strong future in the dynamic cryptocurrency sector.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bdag-presale-escalates-bitcoin-cash-avalanche-market-increase.html

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