Ethereum, the backbone of decentralized finance, has seen notable changes in its supply dynamics, impacting its market performance. Meanwhile
As the cryptocurrency market continues to evolve, several notable developments have emerged, impacting the supply, price, and community engagement strategies of three prominent coins.
Fresh off its hard fork, Ethereum's (CRYPTO: ETH) supply dynamics have shifted. Over the last seven days, Ethereum’s net supply increased by 16,975 ETH, pushing the total supply up by roughly 18,099 ETH. While 1,124 Ethereum coins were destroyed, the coin’s annual supply growth rate currently stands at 0.736%.
In the last 24 hours, Ethereum's price increased by 3.64%, trading at an average price of $2,558. This recent price increase comes as the crypto market experienced a slight recovery, following a week of downturn.
Meanwhile, Bitcoin Cash's (CRYPTO: BCH) price decreased by 3.76% in the last 24 hours to an average price of $346.46. This follows a week of gains, where BCH rose by 3.0% from an average price of $336.39.
The coin's price volatility is evident on its price chart, with Bollinger Bands indicating a standard deviation of around $200 from the moving average. Despite this price fluctuation, BCH's trading volume increased by 24.0% over the past week.
At the same time, Bitcoin Cash's circulating supply decreased slightly by 0.12% to 19.75 million coins, which now comprises around 94.06% of its total supply of 21 million coins.
Currently, Bitcoin Cash is ranked #19 by market cap, with a total market capitalization of $6.84 billion, according to CoinMarketCap data. BlockDAG's TG Tap Miner Game Drives Presale SuccessBlockDAG (CRYPTO: BDAG) is making headlines with its successful presale, which has already seen a massive seven-figure sum being raised, with the total now exceeding an impressive $72.5 million.
A key factor in this achievement is the engaging Telegram-based game known as TG Tap Miner. This game serves a dual purpose, promoting BDAG coin purchases and fostering a strong community.
In TG Tap Miner, players engage in one-minute sessions, bursting different types of falling balls to earn Tap Points, which vary depending on the ball type. For instance, bursting a Gold Ball earns 100 Tap Points, while bursting a Diamond Ball earns 2000 Tap Points.
Moreover, the game features a referral system, where players can earn 4000 Tap Points for each friend they invite, further expanding the BlockDAG community.
To maintain engagement, new sessions begin every two hours, and players can utilize boosters like Thunderstorm, Time Travel, and Rocket to enhance gameplay and maximize Tap Points. These boosters can be earned through gameplay or by purchasing BDAG coins, directly linking the gaming experience to BlockDAG's ecosystem.
With the potential to earn around 6000-7000 Tap Points daily, TG Tap Miner serves as a powerful tool for driving BDAG coin sales and maintaining community engagement.
These developments highlight the diverse strategies employed by crypto projects to navigate the dynamic market landscape. Whether it's adjusting supply dynamics, navigating price fluctuations, or engaging communities through innovative initiatives, these stories offer a glimpse into the ever-evolving world of cryptocurrencies.
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