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Huge BDAG Demand Post BlockDAG’s Testnet Launch — Pulling in $77M Revenue! XMR Price Rises & Stacks Ecosystem Grows

Bitcoinist
by Bitcoinist
11 months ago
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

When it comes to money, everyone looks for the next big opportunity, and crypto enthusiasts are no different. For Monero (XMR) traders, that opportunity might be just within reach as the coin hovers around the $180 mark, a key resistance level it has struggled to break through for over two years. Meanwhile, the Stacks ecosystem is gaining momentum with its Bitcoin Layer 2 solutions.

On the other hand, BlockDAG is taking a bolder approach. Following the rollout of its recent Testnet launch, BlockDAG’s presale has skyrocketed, driving a wave of demand for BDAG coins. Requiring 7,500 BDAG to access the Testnet has sparked a surge in presale revenue, pushing it to $77 million.

Crypto enthusiasts and developers are rushing to explore the platform’s capabilities, positioning BlockDAG as the top bullish crypto to watch in 2024.

Monero Price Prediction: Will it Move Toward $260?

Monero (XMR) is closing in on a key resistance level near $180, where it has struggled to break through for more than two years. This privacy-focused crypto has traded in a tight range between $100 and $180, with multiple failed attempts to push beyond this upper limit. Monero sits just below $175, and many investors are closely watching for signs of a breakout.

Analysts say if Monero breaks $180, it could rally to $260, based on a common method adding the two-year range to the breakout. However, the risk of another pullback remains, as past attempts to pass $180 have led to sharp reversals.

Stacks Ecosystem Revolutionises Bitcoin Layer 2

Stacks (STX) is impacting the Bitcoin Layer 2 space, transforming how Bitcoin transactions occur. With the upcoming Nakamoto Upgrade, Stacks is set to reduce block times from 10 minutes to seconds. This improvement will allow faster, more efficient transactions while maintaining Bitcoin’s security.

One of the key innovations in the Stacks ecosystem is sBTC, a decentralised bridge that allows Bitcoin holders to move their assets onto the Stacks network without relying on centralised services. Stacks’ native token STX is trading around $1.82, having seen an 8.38% rise over the last week.

1820% Surge: BDAG Demand Soars as Testnet Goes Live

BlockDAG’s presale has gained significant momentum following the launch of its Testnet on September 20, 2024. The Testnet gives users and developers a chance to explore BlockDAG’s blockchain and test out features like its blockchain explorer, faucet functionality, and support for smart contracts. These tools are creating a buzz in the crypto community, with developers eager to see what BlockDAG’s blockchain can deliver.

However, there’s a catch: to join the Testnet, users must hold at least 7,500 BDAG coins, which allows them to migrate their assets from the Devnet to the Testnet. This requirement has created an influx of demand for BDAG coins as crypto enthusiasts and blockchain developers rush to secure their place in the Testnet.

The presale has already pulled in $77 million, with over 13.2 billion BDAG coins sold across 23 batches. The coin’s price has surged from $0.001 in its initial presale phase to $0.0192 in batch 23, showing early backers an 1820% increase in their funds.

As more traders recognise the potential of BlockDAG’s innovative blockchain, existing BDAG holders are well-positioned to see substantial returns. The rising demand for the coin, fueled by the excitement of the Testnet launch, is pushing prices higher.

With the presale nearing its $600 million target, the race to accumulate BDAG before the next price jump is in the greatest swing. This momentum shows no signs of slowing down, making BlockDAG one of the top bullish crypto projects to watch. So, now could be the perfect time to grab it at just $0.0192.

Final Thoughts

Monero is nearing a critical point at $180, and traders are waiting to see if it can break through to trigger a rally toward $260. Meanwhile, Stacks is quickly expanding its ecosystem, bringing new possibilities for Bitcoin scalability with its upcoming Nakamoto Upgrade.

As these two projects make strides in their respective areas, BlockDAG is pulling ahead in the presale market. With a successful Testnet launch and demand for BDAG coins hitting new heights, BlockDAG is positioning itself as a game-changing crypto project. For those looking for the top bullish crypto, BlockDAG offers a compelling opportunity that continues to gain traction across the market.

Join BlockDAG – Act Now Before Prices Increase:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
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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