In the cryptocurrency market, BlockDAG is making significant advances, having raised $72.5 million in its presale and forging a $10 million partnership with Borussia Dortmund to enhance its global visibility. This move positions BlockDAG well against competitors, especially as Cardano and Litecoin face challenges, with Cardano’s price likely to drop to $0.30 and Litecoin struggling against a $69 resistance level.
The partnership with Dortmund not only boosts BlockDAG’s exposure to a broad audience but also underpins potential returns, with predictions pointing towards a 30,000x ROI.
What you'll learn 👉
Cardano Faces Downward Pressure as User Engagement Drops
Cardano (ADA) is experiencing a decline in market activity, with the number of active addresses dramatically reducing from 54,800 to 24,900. This significant drop in user engagement coincides with ADA’s recent price increase to $0.34.
However, with a bearish MACD divergence signaling potential reversals, the price might soon fall toward $0.30. The presence of substantial liquidity at $0.33 suggests further downward pressure on ADA’s price, potentially complicating any near-term recovery despite recent improvements in its ecosystem.
Litecoin Confronts Key Resistance Amidst Potential for Price Drop
Meanwhile, Litecoin (LTC) shows a slight increase in its price, bolstered by positive signals from the Relative Strength Index (RSI), indicating overbought conditions. Despite this, Litecoin encounters strong resistance at the $69 mark, coinciding with its 50-day Simple Moving Average (SMA) and a pivotal downward trend line.
If this resistance remains unbreached, Litecoin might see a decline towards the support level at $55, underlining the importance for traders to monitor these resistance levels closely as they could dictate the cryptocurrency’s next significant price movements.
BlockDAG Strikes $10M Deal with Borussia Dortmund, Eyes Presale Milestone
BlockDAG is making waves in the cryptocurrency market, having already secured $72.5 million in what’s shaping up to be the largest presale the industry has seen, targeting an ambitious $600 million. At the heart of its growth strategy is a significant $10 million partnership with Borussia Dortmund, a move designed to increase its visibility among the German soccer club’s vast fanbase.
This partnership not only puts BlockDAG at the forefront of sports and blockchain integration but also sets the stage for 30,000x potential ROI that are capturing the attention of traders globally.
So far, the strategy seems to be paying off, with more than 12.9 billion BDAG coins sold and prices climbing from $0.001 to $0.0178—a staggering 1680% increase since the first batch. This rapid ascent is a clear sign of growing trust in BlockDAG’s roadmap and its ongoing efforts to expand its market presence.
Choosing the Right Crypto in Today’s Market
Amidst the current market dynamics, where Cardano struggles with dropping user engagement and Litecoin battles resistance at $69, BlockDAG presents itself as a compelling alternative. The project’s presale momentum is undeniable, with prices consistently rising across 22 batches.
As CEO Antony Turner spearheads further partnerships, the recent $10 million collaboration with Borussia Dortmund is poised to significantly enhance BlockDAG’s profile. With the presale drive pushing toward the $600 million target, potential buyers are encouraged to act swiftly, seizing the opportunity for potential 30,000x ROI as BlockDAG’s influence in the crypto space continues to grow.
Discover More About BlockDAG:
Website – Presale – Telegram – Discord
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