If you’re still considering investing in Bitcoin, it might be time to reconsider. A recent bearish signal suggests a prolonged downturn for Bitcoin. On the other hand, Cardano (ADA) is making a strong recovery, climbing back into the top ten cryptocurrencies by market value.
But there’s a new crypto that has taken the market by surprise – BlockDAG! Its presale has raised $10 million in just 72 hours, bringing the total to an impressive $90 million. This surge in demand positions BDAG coins as potentially lucrative, marked as a top crypto to buy in 2024. With the BDAG’s prices expected to rise, buyers are rushing to join the booming project.
Cardano (ADA) Eyes Recovery Amid Positive Trends
Cardano (ADA) recovery is underway as it makes a notable comeback into the top 10 cryptocurrencies by market value, following a recent 12% increase. Currently trading at $0.38, ADA shows signs of a strong upward trend. The Logarithmic Moving Average Convergence Divergence (LMACD) cross supports this optimistic outlook, hinting at potential future gains.
The pathway for Cardano (ADA) recovery appears promising with the shift towards fully decentralised governance. The adoption of the Cardano Constitution could increase community involvement in updates and sustainability, boosting investor confidence. As the Cardano (ADA) recovery continues, some analysts believe it may reach as high as $3 by 2025, reflecting significant potential for long-term holders.
Bitcoin Faces a Cautionary Tale: The “Three Blind Mice” Signal
The crypto world is buzzing about a bearish signal for Bitcoin spotted by famous trader Peter Brandt. He warns that Bitcoin might be heading into a prolonged bearish period. Brandt shared a chart on X (formerly Twitter), pointing to a pattern he calls “the three blind mice and a piece of cheese,” which traditionally signals a continuation of a bearish trend.
This Bitcoin bearish signal emerges as Bitcoin’s price has fallen more than 7% over three days, wiping out nearly two weeks of gains. While some in the crypto community debate the pattern’s meaning, calling it a twist on the “three black crows,” Brandt’s Bitcoin bearish signal suggests that caution is the watchword for now.
BlockDAG’s $10M in Just 72 Hours Shakes Up the Market
BlockDAG has taken the presale market by storm. It has earned a reputation as the “Bitcoin of presales” in terms of demand and value. BlockDAG has captivated the crypto community as it saw a massive boost in its presale, which now stands at a remarkable $90 million—becoming the biggest presale of the decade.
The massive surge came when BlockDAG presale raised an astounding $10 million in just 72 hours. This surge has sent shockwaves across the crypto market. Analysts had predicted a significant surge for BlockDAG when its presale started showing incredible growth and progress a few months back. Now, as the year draws to a close, these predictions have proven accurate.
BlockDAG’s allure isn’t just in its numbers but also in its innovative approach. It merges the best aspects of traditional blockchains and Directed Acyclic Graphs (DAGs). This combination offers high scalability and fast transaction speeds.
This unique hybrid concept has not only driven its presale success but has also significantly impacted the price of BDAG coins. As BlockDAG enters batch 24, the price has surged to $0.0206. This increase has delighted early buyers, whose returns have skyrocketed to 1960%. The presale has already sold over 13.8 billion coins!
For those looking for the top crypto to buy in 2024, BlockDAG presents a compelling case. Its groundbreaking technology and impressive presale performance suggest that BDAG coins might not stay affordable for long. This makes now a potentially ideal time to get involved.
Weighing Crypto Options for the Long Haul
So, which crypto would be better to buy in the long run? Clearly, it’s not Bitcoin, as it’s currently dipping. Meanwhile, the Cardano (ADA) recovery is making it an appealing option. However, the ADA’s volatile nature doesn’t promise growth in the longer run.
On the other hand, BlockDAG’s presale is consistently showing growth. Reviewing the data from 2024, it has surged significantly. Buying now could be a smarter move for the long term rather than opting for more volatile coins. With BlockDAG being the biggest presale in history, it backs up the fact that it stands as a solid option as 2024 comes to an end.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.