Despite predictions and historical trends, Bitcoin’s bull run may not last. On the other hand, Cardano’s outlook appears bullish after climbing above the 200-day moving average, but there’s caution over the sustainability of these gains. BlockDAG unveiled its 2 keynote from a celestial vantage point, revealing numerous pivotal updates. These included the debut of the X1 Miner app, enhancements to the blockchain infrastructure, the introduction of its fully human team, and additional innovations.
As a result, presale figures surged, accumulating nearly $40.8 million and advancing to batch 16 at $0.0095. This represents an 850% increase from the initial price of $0.001, positioning BlockDAG as a standout contender among the best altcoins for 2024.
Predictions on the Sustainability of the Bitcoin Bull Run
Bitcoin’s [BTC] bull run may be short-lived, despite predictions by crypto analyst Axel Adler. Data from CryptoQuant shows prices just 4.2% below the ATH from two months ago, and short-term holder profits suggest potential gains.
However, the 7-day moving average of Open Interest is only up 9%, compared to 20% during previous peaks. Additionally, the RSI remains below 70, indicating weak bullish momentum. Historical data suggests a potentially lasting bull run, but the current indicators raise doubts about its sustainability.
Cardano Predictions: Caution Over Sustainability
Cardano (ADA) has been a hot topic in crypto circles this week, with analysts like Sssebi predicting a potential bull run. However, while ADA has climbed above the 200-day moving average (200MA) on the 4-hour chart, suggesting a bullish signal, the sustainability of this trend remains uncertain.
Despite the recent retest and bounce from the 200MA with high trading volume, the market’s future direction is unclear. Increased trading volume indicates high market interest, but the recent gains may be short-lived. Sssebi’s analysis has resonated with the crypto community, but he emphasises the importance of independent research before investing.
BlockDAG’s Keynote 2 Unveils Revolutionary Updates
BlockDAG’s second keynote video, broadcasted from the moon, further fueled the already surging presale. Advancing to Batch 16, priced at $0.0095, marks an impressive 850% increase from the initial batch. The presale has garnered nearly $40.8 million, selling more than 10.6 billion BDAG coins. With daily earnings currently at $500,000, projections indicate that BlockDAG could reach $5 million daily, underscoring significant investor enthusiasm.
The keynote covered several crucial updates, including the X1 Mobile Miner app and the Beta version of the X1, accessible on both Android and Apple platforms. It also highlighted enhancements to the blockchain and the revelation of BlockDAG’s exclusively human team. Emphasising the effectiveness of BlockDAG’s Directed Acyclic Graph (DAG) implementation, the keynote showcased its superior scalability and transaction speed compared to conventional blockchains. These advancements enable users to mine BDAG coins and enhance earnings in preparation for the mainnet launch.
Moreover, the low-code and no-code functionalities streamline decentralised application development within the BlockDAG ecosystem. This method offers advantages to smart contracts, meme coins, and NFTs by empowering users to design and launch applications through intuitive drag-and-drop interfaces, eliminating the need for conventional coding. This facilitates quicker prototyping and diminishes development time, ensuring competitiveness in the rapidly evolving crypto market.
Final Word
Despite predictions and historical data suggesting otherwise, Bitcoin’s bull run might not be prolonged. Meanwhile, Cardano’s outlook appears bullish, but there’s caution over the sustainability of these gains.
In contrast, BlockDAG’s innovative advancements, highlighted in the lunar-streamed Keynote 2, have significantly boosted interest and investment in their ecosystem. The release of the X1 Miner app beta, low-code/no-code development features, and the emphasis on their efficient DAG implementation underscores BlockDAG’s commitment to scalability and user-friendly technology. With an impressive presale performance marking an 850% price surge and growing investor confidence, positioning BlockDAG as one of the best altcoins for 2024.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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