• Thursday, July 18, 2024
businessday logo


Dogecoin Liquidations & Fetch.ai Price Dip Push Investors Toward BlockDAG’s $52.9M Presale Amid its 1120% Value Surge


Dogecoin liquidations have recently surged, wiping out $60 million in futures, with Huobi accounting for most of these liquidations. Similarly, Fetch.ai (FET) has faced a sharp decline, dropping 48% in the last month alone. Amidst these turbulent times for other cryptocurrencies, BlockDAG has emerged as a standout performer attracting whales and investors.

The presale has reached Batch 18, priced at $0.0122, raising $52.9 million and showcasing a remarkable 1120% growth from Batch 1. BlockDAG’s innovative approach, highlighted in its first Keynote video, positions it as a promising investment with high mining profitability attracting significant interest.

Dogecoin’s Performance Amidst Market Fluctuations

Memecoin bulls braced for impact as Dogecoin, the market cap’s largest asset of its kind, dropped by over 10%. This resulted in $60 million in DOGE futures being wiped out, with Huobi accounting for more than $44 million of those liquidations. The data revealed that these liquidations were primarily associated with longs, positions harnessed by users speculating on DOGE’s price rise.

The magnitude of long contract liquidations associated with DOGE has been unseen since 2021, leaving its legion of supporters and broader memecoin enthusiasts concerned. The crypto market has been dealing with turbulence due to macroeconomic factors, drawing a wedge between investors and risky assets, pushing them toward less risky ones. Despite some positive inflation-related reports last week, the overall sentiment remained cautious, impacting assets like Dogecoin.

Fetch.ai (FET) Faces Market Pressure

Fetch.ai has faced considerable market pressure, mirroring the overall bearish sentiment in the cryptocurrency sector. The token has experienced a significant sell-off, driven by the recent decline in Bitcoin’s value, which has had a ripple effect on the entire market. Over the past week alone, Fetch.ai’s price has dropped by 30%, and over the last month, it has fallen by an alarming 48%. This downturn reflects broader market challenges and investor caution.

Despite the current setbacks, analysts suggest that Fetch.ai could find support around the $1.10 level, offering a potential rebound opportunity. Some analysts like Crypto Feras have hinted at a transformative event that could reshape the market dynamics for Fetch.ai, potentially involving a merger with a new token. This speculation adds a layer of unpredictability to Fetch.ai’s future, keeping investors on edge.

BlockDAG’s Keynote & 1120% Value Surge Gain Traction

BlockDAG’s keynote video, which went viral after being aired at the iconic Shibuya Crossing billboard, has solidified its position as a trailblazer in the crypto space. This event highlighted BlockDAG’s vision of creating a world where mining, building, earning, and spending know no bounds. With its user-friendly crypto payment card, BDAG coins, and state-of-the-art crypto miners, BlockDAG offers a comprehensive ecosystem designed to empower users. The presale, now in Batch 18 priced at $0.0122, has raised an impressive $52.9 million from the sale of over 11.7 billion BDAG coins, showcasing a remarkable 1120% price growth from Batch 1.

Additionally, the keynote term BlockDAG is not just a blockchain but a revolutionary platform combining ease of use with cutting-edge technology. The crypto payment card allows seamless transactions with BDAG coins and other cryptocurrencies at over 38 million merchants worldwide. Moreover, BlockDAG’s miners, ranging from the X1 Mining App to the powerhouse X100, provide diverse income streams and are equipped with undervolted A6 chips for prolonged use.

The presale’s impressive performance underscores strong investor confidence in BlockDAG’s potential. BlockDAG aims to maintain software quality, security, and competitiveness. The ambitious price predictions of $10 by 2025 and $20 by 2027 are supported by continuous advancements and a loyal community. As BlockDAG continues to attract significant investment, it is well-positioned to reach new heights and achieve its long-term goals.

Final Thoughts

BlockDAG is setting new standards in the crypto space, offering a visionary platform that blends ease of use with advanced technology. While Dogecoin liquidations and Fetch.ai (FET) price drop reflect broader market volatility, BlockDAG’s presale success, raising over $52.9 million, underscores strong investor confidence. The platform’s innovative products and mining profitability calculator provide diverse income opportunities. With ambitious price predictions and continuous advancements, BlockDAG is poised to transform the industry. Investing in BlockDAG now offers a promising opportunity to be part of a groundbreaking journey in the evolving cryptocurrency landscape.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu