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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act
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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Global Leader in the Making – BlockDAG Raises $100M – Ethereum & BNB Investors Stream into Presale

Bitcoinist
by Bitcoinist
Last Updated: October 22, 2024 10:00 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Presale heavyweight BlockDAG just made a bold statement on its journey to tier 1 status, smashing past the $100 million milestone from 24 batches of its red-hot presale. This achievement has catapulted BlockDAG into the spotlight, outshining updates about Ethereum validators and Binance Coin price movements, making it the top bullish crypto this week. The network’s recent testnet rollout has been praised for its efficiency and security, even being rated as a potential Kaspa or Solana rival. Early backers have already seen massive 1960% profits. With Ethereum validators showing strong growth and Binance Coin price trending upwards, BlockDAG’s presale success signals a new leader on the rise in the crypto world.

Ethereum Validators See Significant Growth

Ethereum validators have grown substantially in the past year, marking an increase of over 30%, with the total number surpassing one million for the first time in June 2024. This rise, from 824,300 in September 2023, highlights the growing institutional adoption of Ethereum. Key factors driving this growth include the rise of liquid staking and restaking protocols, which allow validators to maximize capital efficiency and earn yield across decentralized finance (DeFi) platforms.

The total amount of staked Ether has also seen impressive growth, increasing by 27% in the past year. With over 34.7 million ETH now staked, this boost is largely attributed to the Shanghai upgrade in April 2023, which enabled Ether holders to unstake their tokens for the first time since the network’s shift to Proof-of-Stake.

Binance Coin Price Gains Momentum

The Binance Coin price has been on an upward trend, recently surpassing $600 for the first time since September 29, 2024. Currently trading at $601, BNB shows strong buying pressure, with a potential breakout targeting $800—a 35% increase from its current level. Analysts are watching closely as BNB’s price forms an ascending triangle pattern, signaling potential continued bullish momentum.

Market sentiment remains positive for BNB, with $64.98 million in long positions compared to $34.04 million in shorts, indicating traders are optimistic about further price gains. The relative strength index (RSI) is just below overbought territory at 66.72, leaving room for additional upward movement. Should the price break the $605-$620 resistance zone, the next major target is $800. However, failure to hold support near $580 could invalidate this bullish outlook.

BlockDAG Storms into Crypto History

BlockDAG has achieved what many thought was impossible, surpassing the monumental $100 million mark in record time during its presale. This impressive feat, completed across 24 batches, has set BlockDAG apart as one of the top bullish crypto assets to watch. Its rapid growth and overwhelming success have pushed BlockDAG to the forefront of discussions, even overshadowing big names like Ethereum and Binance Coin this week.

On September 20, 2024, BlockDAG launched its testnet and blockchain explorer, giving the community a first-hand experience of its capabilities. The testnet includes key features such as real-time transaction monitoring, smart contract testing, and EVM support. This hands-on functionality is designed to attract both developers and everyday users, offering transparency and ease of use.

The presale performance has been nothing short of extraordinary, with early backers already seeing 1960% returns. At the current presale price of $0.0206 in batch 24, the momentum continues to build as the project aims for a $600 million goal. Experts predict this target could be reached within the next three months, further fueling interest in the network.

BlockDAG’s ability to draw in significant inflows has sparked predictions that it could rival major blockchains like Kaspa and Solana. With its unmatched scalability and security, and projections suggesting BDAG could hit $30 by 2030, this presale is shaping up to be one of the most successful of the decade.

The Final Take

While Ethereum validators and Binance Coin price continue to capture attention, both networks face volatility that has slowed inflows. BlockDAG, on the other hand, is making waves as the top bullish crypto, pulling off the impossible by surpassing the $100 million mark in record time during its presale. Early backers have already seen 1960% returns, and with predictions of BDAG hitting $30 by 2030, BlockDAG is quickly becoming the asset to watch. As inflows surge, BlockDAG has proven itself a standout project, potentially outperforming even the biggest names in the crypto space.

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.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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