Cardano’s (ADA) price has declined over the past week, falling below its 20-day exponential moving average, indicating reduced buying pressure and lower confidence. Meanwhile, speculation about the Chainlink-SWIFT partnership is driving the LINK price to a six-week high. On the other hand, BlockDAG‘s presale has grossed $37 million, significantly boosted by its viral appearances in iconic locations around the world, which started off with its exclusive keynote’s display at Shibuya Crossing. The keynote highlighted BlockDAG’s integration with major DeFi exchange platforms and showcased lucrative profit opportunities and passive income streams. The global dominance of BlockDAG has led to the experts predicting a 30,000x ROI, positioning it as a top Layer 1 crypto.
Cardano Price Declined Reflecting Lower Demand
Cardano (ADA) price has declined over the past week, falling below its 20-day exponential and 50-day simple moving averages, indicating reduced buying pressure. After peaking at $0.51 on May 21, ADA’s price has dropped 11%, now trading at $0.45. This decline is due to decreased demand, with active address transactions down 17% and new demand falling by 22%.
The overall cryptocurrency market also saw a 2% drop in capitalization. ADA whale activity dropped by 69%, indicating waning confidence among large investors. The Elder-Ray Index and Accumulation/Distribution Line both show weakening buyer strength, suggesting continued bearish pressure.
Chainlink Surges Amid SWIFT Partnership Speculations
Speculation about a potential Chainlink-SWIFT partnership announcement at the Consensys 2024 conference is driving Chainlink (LINK) to a six-week high. This rally is fueled by rumors of a demo and partnership reveal, which could bridge traditional finance with the multi-chain economy.
Strong on-chain data supports this positive sentiment, with several LINK holders currently profitable. Despite the price surge, 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 significant advancements in tokenized assets.
BlockDAG’s Global Dominance After Keynote’s Tokyo Release
BlockDAG has gained significant momentum globally and in the cryptocurrency market, enhancing its visibility through special appearances at iconic locations around the world – from Japan to Las Vegas and London.
It all began with the special launch of its exclusive keynote video at Tokyo’s Shibuya Crossing. This keynote video provided detailed insights into its project and products, attracting widespread attention with prominent billboards at Tokyo’s Shibuya Crossing, a globally renowned pedestrian area. This strategic marketing move underscores the power of effective branding in the fiercely competitive crypto industry.
The keynote showcased BlockDAG’s integration with prominent DeFi exchange platforms such as Bitget and CoinEx, alongside the introduction of its mining devices and a user-friendly crypto payment card. Developed in collaboration with top banking-as-a-service providers, this card allows effortless spending of BDAG and other cryptocurrencies like Bitcoin, without the need for transaction approvals or intricate KYC procedures. The card is accepted by 38 million merchants worldwide and exemplifies BlockDAG’s dedication to innovation.
Moreover, the keynote also provided detailed insights into its project and products, including the ASIC X mining series, which demonstrates a commitment to user-friendly mining experiences. The range includes the X1 mobile app and the X10, X30, and X100 machines, catering to miners of all levels of miners. BlockDAG’s focus on user-friendliness, energy efficiency, and reward structures underscores its dedication to inclusivity and ease of use, making it an attractive option for a broad audience. BlockDAG has sold over 6481 miners in its ongoing presale, which has crossed a massive $37 million. Each BDAG coin is currently priced at $0.0095 in the ongoing batch 16.
Final Thoughts
While Cardano’s (ADA) price declined over the past week due to reduced buying pressure, the Chainlink-SWIFT partnership is driving speculation and causing a surge in LINK’s price. On the other hand, BlockDAG’s keynote showcase at the bustling Shibuya Crossing and the other appearances at iconic locations around the globe have skyrocketed its presale to new heights. Entering Batch 16, it has sold 10.2 billion coins and 6,481 miners, amassing $37 million, with $2.83 million from the X miners’ sales alone. This cutting-edge ASIC technology, combined with strategic promotional efforts and remarkable presale success, has led experts to predict a staggering 30,000x ROI potential, positioning BlockDAG as a top layer-1 cryptocurrency.
Join BlockDAG Presale Now:
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.