BlockDAG (BDAG) Steals the Spotlight as Fantom (FTM) Eyes Breakout and Cardano (ADA) Community Debates $500M Burn Proposal

Fantom (FTM), Cardano (ADA), and blockdag are grabbing attention as the crypto market shows signs of recovery. Fantom’s price is approaching the $0.50 mark

As the crypto market shows signs of recovery, several coins are grabbing attention, including Fantom (FTM), Cardano (ADA), and BlockDAG.

Here's a closer look at each:

- Fantom (FTM) is approaching the $0.50 mark, signaling a potential breakout.

Recently, FTM has risen by 11%, now trading at $0.4905. This key psychological barrier could lead to a potential surge in FTM’s price, aiming for $0.76. Currently, the coin is ranked 51st by market capitalization, valued at over $1.3 billion.

notably, analysts have observed a “falling channel” pattern forming in FTM’s recent price action. Typically, this formation signals a breakout when accompanied by bullish momentum.

- BlockDAG is generating excitement with its X10 miner, offering a unique opportunity to multiply BDAG earnings.

During a recent AMA, CEO Antony Turner discussed the X10-X1 mining combo, which allows users to increase their mining rewards tenfold.

Turner explained that the X10 miner, when paired with the X1 miner app, enables users to multiply their daily BDAG coin earnings by an impressive 10x—jumping from 20 to 200 coins a day.

This strategic advantage has sparked enthusiasm across the community, with miners eager to implement the method and maximize their gains.

With $77.2 million raised and over 13.2 billion BDAG coins sold, BlockDAG’s presale is already a major success, driving its price up by 1820%.

Currently BDAG is dominating the presale space with unprecedented momentum. To date, the project has sold over 5 million ASIC miners, a testament to the strong demand for PoW mining. Still in its presale phase, BDAG has already raised over $77.2 million, and experts are forecasting significant ROI and predicting the coin’s value could hit anywhere between $1 and $20 which is all the more reason to start mining BDAG.

- Cardano (ADA) is facing heated debates over a $500 million ADA burn proposal.

The Cardano community is discussing a proposal to burn $500 million worth of ADA coins from its treasury.

Proponents of the burn, such as Lark Davis, argue that reducing the coin supply could increase ADA’s price by following the classic demand-supply principle.

However, Charles Hoskinson, the founder of Cardano, strongly opposes the proposal, calling it a move that would harm the builders and developers working on the ecosystem.

Hoskinson points out that the treasury is funded through the activity of the Cardano community, and burning these funds would be akin to stealing from those who contribute to the network’s growth.

“They put the money in the treasury for the builders. If you burn the treasury, you’re stealing from the builders to pay for your lambo,” he said.

To the surprise of many, the community seems to be largely in favor of the proposal, with over 70% voting ‘Yes’ in the snapshot vote.

This development comes as ADA has seen a significant rise in value, now trading at $0.389, up by 4.2% over the last 24 hours.

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