The crypto landscape is buzzing with activity, with the upcoming Bitcoin halving event taking centre stage. Not to be outdone, the recent completion of the Bitcoin Cash halving has been making headlines, sparking a significant 37% increase in BCH’s value. Meanwhile, the Avalanche (AVAX) price has demonstrated remarkable resilience amid market correction, with projections of the bullish trend continuing.
All eyes are on BlockDAG (BDAG) in the presale market after the project unveiled its V2 technical whitepaper at the Las Vegas Sphere, attracting a tidal wave of investments into its presale. BlockDAG has raised $16.4M at press time and is offering BDAG coins at $0.0045 each. However, the price is rising steadily with each presale batch, so investors should hurry up to take advantage of the discounted rates while the presale is still in the early stages.
What you'll learn 👉
Avalanche (AVAX) Price Demonstrates Resilience Amidst Market Volatility
Avalanche (AVAX) has shown a positive trend in the market, with prices oscillating between $47.94 and $50.5 and trading at $50.37 at the time of writing. Despite a battle between bulls and bears, Avalanche (AVAX) price bullish momentum is gradually strengthening, with the market showing a balance between buyers and sellers and slight bullish tendencies.
Technical indicators highlight a state of equilibrium for Avalanche (AVAX) price, with the Relative Strength Index (RSI) at 49.14, suggesting a neutral momentum, and the Chaikin Money Flow (CMF) at 0.00, indicating balanced buying and selling pressures. The Money Flow Index (MFI) nearing oversold conditions at 29.95 points towards a potential reversal or pause in selling pressure, suggesting AVAX might be undervalued.
Good News for Bitcoin Cash Traders
Bitcoin Cash (BCH) experienced its second halving on April 5, 2024, decreasing the block rewards to 3.125 BCH. This milestone event for the project gave Bitcoin Cash traders a cause for celebration, propelling BCH to a new high and securing a 37% gain over the last 30 days despite not reaching its ATH setback in 2017.
Looking forward, analysts’ projections regarding BCH surpassing its all-time high soon are mixed, though the overall outlook remains positive. This optimism is underscored by the BCH Fear & Greed Index, which shows signs of extreme greed.
BlockDAG – 100X – 20,000X Crypto Potential
BlockDAG (BDAG), a self-proclaimed “Kaspa Killer”, has achieved significant success in its presale, securing an impressive $16.4 million in funding thus far. The project aims to raise $600 million by the end of 2024 and launch its mainnet within six months.
Its DAG architecture is at the core of BlockDAG’s network, enabling swift and efficient transaction processing with near real-time confirmations and minimal delays. This efficiency and low transaction fees enhance accessibility for individuals and businesses without incurring high costs. With a remarkable transaction throughput of 10,000-15,000 transactions per second (TPS), BlockDAG offers unmatched potential for scalability and speed. Furthermore, its compatibility with the Ethereum Virtual Machine (EVM) accelerates project development by allowing developers to deploy existing smart contracts.
The recent release of BlockDAG’s V2 technical whitepaper has generated considerable excitement in the crypto community. Its showcase at the Las Vegas Sphere has led analysts to make highly bullish predictions, foreseeing a potential 20,000x ROI by 2025-2026.
Final Words
Avalanche (AVAX) price continues to demonstrate resilience amidst market volatility, with technical indicators suggesting a state of equilibrium and potential undervaluation. Bitcoin Cash (BCH) experienced a notable rally following its second halving, giving Bitcoin Cash traders a cause for celebration.
BlockDAG (BDAG) has emerged as a frontrunner in the presale market, projected to blow up to 20,000X or 30,000x in the coming years. Analysts urge investors to hurry up as BlockDAG’s presale is forecasted to sell out within just three months!
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