Best Cryptocurrency to Buy: BlockDAG Gains Investor Interest Amid Ethereum Liquidations and Aptos Dip with 30,000x Profit Forecast
As the month ends, market concerns are growing about a possible downturn. Ethereum sell-offs and Aptos news point to stress and upcoming challenges. In this context, BlockDAG, a layer-1 project with a successful presale, has attracted significant investment.
Its advanced DAG technology and promising long-term potential make it a top crypto to buy. The BlockDAG presale has soared past $53.7 million, driven by rising investor interest. Analysts predict BDAG could yield more than 30,000x ROIs, emphasizing its market appeal.
What you'll learn 👉
Ethereum Liquidations and Market Trends
On June 11th, Ethereum (ETH) saw a sharp increase in long liquidations, with $62 million in long liquidations and $7.3 million in short liquidations, according to Coinglass. Liquidations happen when a trader’s position is closed due to insufficient funds. This marks the highest level of liquidations since May 23rd. Despite these sell-offs, Ethereum’s Funding Rate remains positive at 0.0069%, indicating continued demand for long positions.
In the last 24 hours, Ethereum’s derivatives market has weakened. The total trade volume in its options market dropped by 52% to $321 million. Open Interest, which measures outstanding contracts, fell by 2% to $15.73 billion. These declines suggest reduced market activity and potential liquidity issues.
Aptos Crypto News: Growth and Hurdles
Recent Aptos news highlights notable growth in the first quarter. The circulating market cap grew by 127% to $6.6 billion, outpacing similar projects. However, the native token APT saw a modest 76% gain. Aptos’ revenue rose by 37% to $475,000, though revenue in APT terms fell by 10%.
Network activity increased, with daily transactions and addresses growing by 66% and 97%, respectively. The average transaction fee dropped by 45% to 0.0006 APT ($0.007). However, APT’s price struggled, currently at $8.46, facing resistance at $8.80. The staked market cap grew by 68% to over $14 billion, yet APT’s price remains under pressure.
BlockDAG: Advanced DAG Tech Boosts Presale
BlockDAG’s advanced Directed Acyclic Graph (DAG) technology sets it apart from traditional blockchain networks. Unlike Bitcoin and Ethereum’s Proof of Work (PoW) systems, which use a sequential block chain, BlockDAG uses a DAG structure allowing multiple references per block. This design boosts transaction capacity and network throughput, solving scalability issues other cryptocurrencies face.
The BlockDAG presale coin has garnered significant investor interest, raising over $53.7 million. Now in its 18th batch, BDAG is priced at $0.0122, with over 11.8 billion coins sold. Analysts believe BlockDAG’s unique technology and market strategy could yield a 30,000x return on investment, making it a top crypto to buy.
BlockDAG’s compatibility with Ethereum Virtual Machine (EVM) allows easy integration of Ethereum-based contracts, enhancing its appeal. The project plans a mainnet launch within six months, showing its commitment to rapid innovation. These factors make BlockDAG a strong contender in the cryptocurrency market, appealing to both new and seasoned investors.
Final Say
While Ethereum and Aptos face challenges, BlockDAG stands out as a promising investment. With its advanced DAG technology, BlockDAG has raised over $53.7 million in its presale, selling more than 11.8 billion coins.
Analysts project BlockDAG’s technology could yield a 30,000x ROI, making it a top crypto to buy. Despite concerns like Ethereum sell-offs and Aptos news, BlockDAG’s strong growth projections and technological edge position it favorably. For investors seeking substantial returns, BlockDAG offers a compelling case for investment.
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