Excitement is growing in the crypto space as Cardano’s price prediction aims for $1.67, Hedera faces resistance after a massive surge, and BlockDAG (BDAG) captures the attention of institutional traders and developers. Cardano’s (ADA) bullish double-bottom reversal suggests a potential year-end rally, while Hedera’s recent 220.7% surge has cooled, leaving traders focused on support levels for stability.
Meanwhile, BlockDAG (BDAG) is quickly emerging as one of the top crypto coins, especially in academic and VC circles. With an impressive $171.5 million raised in presale revenue and cutting-edge scalability through DAG technology and Ethereum-compatible tools, BlockDAG’s growth looks set to continue. The network is on track to reach $600 million in presale funds in just a few months, making its exponential growth increasingly likely.
Cardano Eyes $1.67 by the End of the Year
Cardano is showing signs of a potential breakout as analysts predict a move to $1.67. The ADA price is testing long-term resistance with support at $1.054. A double-bottom reversal pattern suggests a bullish breakout could push the price to $1.67 before the end of the year.
Growing network activity, such as a rise in large transactions and daily active addresses, supports this prediction. However, resistance at $1.327 may pose a challenge. If the bullish momentum continues, Cardano could surpass this barrier and reach its target of $1.67.
Hedera (HBAR) Faces Resistance as Momentum Weakens
Hedera (HBAR) saw an impressive 220.7% surge last month, placing it among the top crypto coins. However, recent technical indicators show that the upward momentum is losing steam. The ADX, which gauges trend strength, has dropped to 14.2, indicating weak momentum and the possibility of range-bound trading.
Bearish signals from the Ichimoku Cloud add to the pressure, with significant resistance at $0.33. Support at $0.275 is vital for maintaining stability, as a failure to hold this level could lead to further declines, potentially to $0.23 or $0.17. Despite some remaining bullish sentiment from directional indicators, consolidation seems more likely than a sharp rally in the near future.
Why BlockDAG Is Attracting Attention in VC & Academic Circles
BlockDAG is rapidly gaining attention in both academic and venture capital circles due to its scalable infrastructure. By offering seamless compatibility with Ethereum tools, it allows developers to deploy decentralized applications (dApps) more quickly. The network is positioned as a potential leader in the Layer 1 space, catching the eye of developers and institutional buyers.
Currently priced at $0.0234 in presale batch 26, BlockDAG has raised over $171.5 million, with more than 17.4 billion BDAG coins sold. Early participants have seen an incredible 2240% return on their purchases. Projections suggest the network is set to reach $600 million in presale revenue soon, an ambitious but achievable goal. BlockDAG’s partnership with Inter Milan continues to fuel its growing influence and momentum.
BlockDAG’s unique approach combines DAG scalability with Ethereum compatibility using tools like Remix and Hardhat, which help developers quickly get started without steep learning curves. This makes BlockDAG ideal for newcomers to the crypto space while also saving experienced developers time and effort.
With more institutional traders showing interest, BlockDAG is positioning itself for substantial growth in the coming months and years, solidifying its place as one of the top crypto coins.
Why Traders Are Turning to BlockDAG in 2024
Cardano’s bullish outlook and Hedera’s cooling off have made traders think hard about where to put their money. Increasingly, they are looking toward BlockDAG. While Cardano seeks a breakout and Hedera faces resistance, BlockDAG’s momentum and next-gen technology have captured the attention of both retail and institutional buyers.
With its developer-friendly ecosystem and compatibility with Ethereum, BlockDAG is poised for long-term growth. Given its outstanding presale performance and the $600 million milestone that’s quickly approaching, BlockDAG remains one of the top crypto projects to keep an eye on in the near future.
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