VeChain (VET) has recently seen a significant price increase, attracting investor interest due to speculation about a potential VeChain ETF. However, ONDO has dropped by over 7% in the past 24 hours, despite earlier positive signals.
In contrast, BlockDAG (BDAG) has unveiled its “moon-themed” Keynote 2, featuring major updates like the beta release of the X1 Miner app and improvements to blockchain infrastructure. The excitement surrounding the keynote and BlockDAG’s low-code/no-code platform has driven presale figures close to $42.4 million, with over 10.8 billion coins sold.
What you'll learn 👉
VeChain Price Rises Amid ETF Speculation
VeChain (VET) is experiencing a notable price increase, driven by rumours of a potential VeChain ETF and its increasing adoption in real-world applications. VeChain’s price has recently surged, breaking out of a technical pattern and generating excitement about a possible major price rally.
Analysts believe that a potential ETF listing could push VeChain’s price past its all-time high of $1. VeChain has also partnered with the Shanghai Environment Exchange to develop solutions for managing carbon emissions. Additionally, the recent “The HiVe” event has garnered attention within the Web3 community, highlighting VeChain’s dedication to innovation.
ONDO Price Falls Amid High Buying Pressure
ONDO has been in the spotlight due to significant price gains, with speculation it could soon reach $2. However, in the last 24 hours, ONDO’s price has dropped by more than 7%, now trading at $1.20 with a market cap of $1.66 billion. Despite a substantial rise over eleven days and increased buying pressure, the token faces bearish trends.
The sentiment indicates high buying pressure, but its NVT (Network Value to Transactions) and MVRV (Market Value to Realized Value) ratios suggest overvaluation and potential further declines. Analysts predict that if the price drops below $1.14, it could fall to $0.97. However, it needs to surpass $1.24 to maintain a rally.
BlockDAG’s Keynote 2 & Innovative X1 Mining App
BlockDAG recently launched its moon-themed Keynote 2, generating significant interest in the project. The presentation unveiled key updates, including improvements to the X1 Crypto Miner App and the release of its beta version, advancements in blockchain technology, and plans to introduce BlockDAG’s all-human team and comprehensive global marketing strategy.
Powered by its innovative Directed Acyclic Graph (DAG) implementation, BlockDAG efficiently executes concurrent operations while ensuring data persistence, enhancing both speed and security. These updates highlight BlockDAG’s superior scalability and transaction speed, setting it apart from traditional blockchains. This advancement enables users to mine BDAG coins and boosts earnings in anticipation of the mainnet launch.
Additionally, the keynote revealed updates to BlockDAG’s X1 Miner app, a mobile crypto-mining application now available in beta on both Android and Apple platforms. This app transforms smartphones into efficient BDAG coin-mining devices with an energy-saving algorithm that preserves battery life and data.
It features an intuitive interface, a referral system to boost mining rates, and daily engagement incentives, allowing users to mine up to 20 BDAG coins per day, equivalent to $1 at launch. Future modules, including Wallet, Send/Receive, Leaderboard, and Community Section, will further enhance the app’s functionality.
Final Thought
While VeChain’s (VET) price is rising amid speculation about a potential ETF, ONDO’s price has dropped by more than 7% in the last 24 hours, facing bearish trends. However, BlockDAG is capturing the crypto world’s attention with its moon-themed Keynote 2, driving its presale to new heights.
With BlockDAG’s presale nearing $42.4 million from selling over 10.8 billion coins, the cryptocurrency’s surge is fueled by its latest keynote and the launch of the cutting-edge X1 Miner app’s beta version. As a result, BlockDAG is emerging as one of the most promising new cryptocurrencies in the current bull market.
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