BlockDAG Presale Hits $45.7M, Fading the Hype Around Cardano and Chainlink Rises

Explore why BlockDAG, with its $45.7M presale and unique features, stands out as a top crypto compared to the growth potential of Cardano and Chainlink.

Hand touching a glass cube up into a digital sky.
Created by Kornelija Poderskytė from DailyCoin

Both Cardano and Chainlink are poised for notable growth in the near future. Indicators for LINK suggest ongoing expansion, while Cardano is on the path to recovery. Amid these developments, BlockDAG is gaining traction as a leading crypto, thanks to its outstanding presale performance and potential for substantial growth. The recent dashboard update by BlockDAG aims to improve community engagement and transparency, helping its presale raise over $45.7 million, making it a strong contender.

Cardano’s Path to Recovery: Future Predictions

In April, Cardano (ADA) experienced a 40% drop, leaving over 60% of investors in the red. Now trading at $0.4554, ADA has seen a 1% decline over the last 24 hours, at the time of writing. However, a 70.6% increase in trading volume to $416 million indicates robust investor interest. For ADA to turn bullish, it must break above $0.467, as there is a risk of increased liquidation pressures.

Despite recent challenges, the outlook for Cardano shows signs of improvement. The MVRV ratio has recovered since the crash, indicating more frequent transactions. Large investors have increased their holdings by 11% in the last month, expecting a price rebound. The Chaikin Money Flow (CMF) suggests possible price growth, although the Relative Strength Index (RSI) remains a hurdle. Investors are watching ADA’s price closely for signs of a rebound.

Chainlink (LINK) saw a significant increase, surpassing $17.70 on May 24 and reaching a 45-day high. This surge was driven by whale investors reacting to the approval of the Ethereum (ETH) spot ETF. Chainlink’s market cap rose to over $10 billion, overtaking Bitcoin Cash (BCH), which remained at $9.75 billion. Top 100 wallets added 1.2 million LINK tokens, equating to an $18 million investment.

Currently, LINK is priced at $17, up 15% in the past 48 hours. If LINK can maintain support above $17.50, where 8,190 addresses hold 27.9 million LINK tokens, it could reach the $20 mark. This accumulation trend indicates strong investor confidence. Analysts predict continued demand for LINK, due to its essential role in providing off-chain data for smart contracts, positioning Chainlink for further growth.

BlockDAG: A Leading Crypto with Innovative Features

BlockDAG has made significant progress with its recent dashboard update, which enhances the community experience and increases transparency. The new dashboard includes features like Hot News for the latest updates, user rank displays, a wallet interface, and previews of top purchasers and recent transactions. Additionally, the referral section shows purchases made through referral links and earned bonuses. The leaderboard page ranks the top 30 users based on USD purchases, ranging from Crab ($0 – 99) to Whale ($50,000 – ∞).

The transactions section is divided into “My Transactions,” showing purchase history by stage and currency, and “Live Transactions,” displaying real-time purchases and rank order by USD amount. Supported currencies include Ethereum, BNB, USDT, BTC, KASPA, DOGE, SHIB, SOLANA, XRP, Phantom, MATIC MAINNET, and Cardano. The profile section allows users to view their rank and update delivery addresses, which change based on selected country details and wallet signature, ensuring a comprehensive and user-friendly experience.

BlockDAG’s X10 miner is another key innovation, designed for efficient and home-friendly mining. Similar in size to a Wi-Fi extender, it offers a 100 MH/s hash rate and can mine up to 200 BDAG daily, operating quietly at 40 watts. This plug-and-play device supports both Wi-Fi and Ethernet connections and utilizes ASIC technology optimized for BlockDAG mining. Its presale raised over $45.7 million.

Key Takeaways

While Cardano and Chainlink present significant opportunities, BlockDAG stands out with its remarkable $45.7 million presale, innovative dashboard update, and X10 crypto miner. The dashboard enhances user experience with features like real-time transaction tracking and rank displays. The X10 miner, efficient and home-friendly, offers a 100 MH/s hash rate and daily mining of 200 BDAG. With these advancements and promising growth projections, BlockDAG is a crypto worth watching. Given its potential to surpass market leaders, this makes BlockDAG an attractive alternative in the crypto market alongside Cardano and Chainlink.

Join BlockDAG Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

This article contains sponsored content from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tags
Author
Sponsored Content

The opinion of DailyCoin’s partners in a single voice.