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BlockDAG’s $38.2M Presale Boost from Viral Keynote; Cardano Drops, Chainlink Rises
The post BlockDAG’s $38.2M Presale Boost from Viral Keynote; Cardano Drops, Chainlink Rises appeared on BitcoinEthereumNews.com. Cardano’s (ADA) price has fallen below its 20-day exponential moving average, reflecting reduced buying interest and waning confidence. Meanwhile, speculation about a Chainlink-SWIFT partnership is driving LINK to a six-week high. On the other hand, BlockDAG‘s presale has skyrocketed to $38.2 million, fueled by its viral keynote appearances at iconic locations like Tokyo’s Shibuya Crossing. The keynote highlighted BlockDAG’s integration with major DeFi exchanges and showcased profitable opportunities, boosting its global prominence. Experts predict a 30,000x ROI, making BlockDAG a top Layer 1 crypto. Cardano Price Decline Signals Lower Demand Cardano (ADA) has seen its price drop over the past week, dipping below both the 20-day exponential and 50-day simple moving averages, indicating decreased buying pressure. After peaking at $0.51 on May 21, ADA’s price has fallen 11%, now trading at $0.45. This decline is linked to reduced demand, with active address transactions down by 17% and new demand dropping by 22%. The overall crypto market saw a 2% decrease in capitalization. ADA whale activity also fell by 69%, suggesting diminished confidence among large investors. Both the Elder-Ray Index and Accumulation/Distribution Line indicate weakening buyer strength, hinting at ongoing bearish pressure. Chainlink Surges on SWIFT Partnership Speculations Chainlink (LINK) has surged to a six-week high amid speculation about a potential SWIFT partnership announcement at the Consensys 2024 conference. This rally, driven by rumors of a significant collaboration, has boosted LINK’s price. Despite this rise, caution is advised as the Chaikin Money Flow (CMF) shows a bearish divergence. The upcoming conference session led by key figures from SWIFT and Chainlink has heightened expectations for advancements in tokenized assets. BlockDAG’s Global Dominance After Tokyo Keynote BlockDAG has gained significant traction in the crypto market, enhancing its visibility through strategic appearances at iconic global locations like Tokyo, Las Vegas, and London. The journey…
The post BlockDAG’s $38.2M Presale Boost from Viral Keynote; Cardano Drops, Chainlink Rises appeared on BitcoinEthereumNews.com.
Cardano’s (ADA) price has fallen below its 20-day exponential moving average, reflecting reduced buying interest and waning confidence. Meanwhile, speculation about a Chainlink-SWIFT partnership is driving LINK to a six-week high. On the other hand, BlockDAG‘s presale has skyrocketed to $38.2 million, fueled by its viral keynote appearances at iconic locations like Tokyo’s Shibuya Crossing. The keynote highlighted BlockDAG’s integration with major DeFi exchanges and showcased profitable opportunities, boosting its global prominence. Experts predict a 30,000x ROI, making BlockDAG a top Layer 1 crypto. Cardano Price Decline Signals Lower Demand Cardano (ADA) has seen its price drop over the past week, dipping below both the 20-day exponential and 50-day simple moving averages, indicating decreased buying pressure. After peaking at $0.51 on May 21, ADA’s price has fallen 11%, now trading at $0.45. This decline is linked to reduced demand, with active address transactions down by 17% and new demand dropping by 22%. The overall crypto market saw a 2% decrease in capitalization. ADA whale activity also fell by 69%, suggesting diminished confidence among large investors. Both the Elder-Ray Index and Accumulation/Distribution Line indicate weakening buyer strength, hinting at ongoing bearish pressure. Chainlink Surges on SWIFT Partnership Speculations Chainlink (LINK) has surged to a six-week high amid speculation about a potential SWIFT partnership announcement at the Consensys 2024 conference. This rally, driven by rumors of a significant collaboration, has boosted LINK’s price. Despite this rise, caution is advised as the Chaikin Money Flow (CMF) shows a bearish divergence. The upcoming conference session led by key figures from SWIFT and Chainlink has heightened expectations for advancements in tokenized assets. BlockDAG’s Global Dominance After Tokyo Keynote BlockDAG has gained significant traction in the crypto market, enhancing its visibility through strategic appearances at iconic global locations like Tokyo, Las Vegas, and London. The journey…
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