There’s a cloud of uncertainty over Polygon, as MATIC has fallen below the pivotal $0.50 mark. Meanwhile, TAO traders are caught in a peculiar situation; despite TAO’s significant price jump, a negative funding rate of -0.01% casts a shadow over its recent gains.
Yet, not all hope is lost. BlockDAG emerges as the standout cryptocurrency, with participantss keenly watching its progress.
BlockDAG, a Layer 1 protocol, is on the verge of a transformative mainnet launch in two months. With the community abuzz, there’s speculation that BlockDAG’s value might leap from $0.0178 to an impressive $1 per coin, marking a potential 5800% return.
Polygon (MATIC) Forecast: Big Dips Ahead?
In the rough seas of the market, Polygon is weathering a storm after dipping below its crucial support level of $0.50, now trading near $0.41. Despite the downward pressure, signs of resilience are showing through a 12.34% price increase since August 5, hinting at a possible recovery.
A surge in transactions from major participantss suggests a growing belief in MATIC’s potential. Although resistance lingers between $0.48 and $0.52, a breakthrough here could set the stage for reaching the $0.70 mark, painting a hopeful future for Polygon’s trajectory.
Bittensor (TAO) Traders Bail Despite a 36% Rise: Why?
Bittensor’s journey has been nothing short of a rollercoaster with a dramatic 36% rise in price accompanied by a 14% boost in derivatives trading volume and a 32% increase in open interest. Yet, this surge might not be as positive as it seems.
Despite the upswing, the prevalent short-selling, indicated by a negative funding rate of -0.01%, paints a picture of anticipated decline. The Elder-Ray Index confirms this bearish outlook with a score of -64.2.
However, a sliver of optimism remains as a bullish divergence between TAO’s price and its Chaikin Money Flow hints at potential upward movement.
BlockDAG’s Mainnet Launch: 5800% ROI Ahead?
BlockDAG is gearing up for an early mainnet launch, showcasing its commitment to cutting-edge blockchain and Directed Acyclic Graph (DAG) technologies. This launch is set to redefine digital transactions with unmatched efficiency and reliability, benefiting both users and developers through a robust ecosystem and advanced toolsets.
The excitement is bolstered by a wildly successful presale, with the coin price surging 1,680% across 22 batches, totaling $67 million in revenue. With over 100,000 supporters from 30 countries, the recent viral interview with BlockDAG’s CEO further solidified confidence in its future.
Looking ahead, the immediate goals include concluding the presale, initiating the mainnet, and ensuring BDAG is listed on at least five exchanges. Long-term, the focus shifts to nurturing third-party development, cultivating a thriving community, and managing presale proceeds through a newly established foundation in Switzerland.
For backers, the imminent mainnet presents a golden opportunity. Current holders might see an increase from $0.0178 to $1, a potential 5800% ROI, with the latest batch nearly sold out following the launch announcement.
Grab the Highest Trending Crypto Now!
While Polygon and Bittensor navigate through tougher times, all eyes are turning towards BlockDAG’s anticipated mainnet debut. The crypto community stands at the precipice of a significant shift, with the potential for a staggering 5800% price increase driving interest in the concluding Batch 22, priced at $0.0178. With each approaching batch, the price is set to climb, marking an optimal moment for investment before the mainnet launch.
Buy the BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
