In Q4, Ethereum remains stable between $2.6K and $2.7K, facing resistance that could trigger a rally toward $2.8K if overcome. On the other hand, Toncoin struggles under bearish conditions, trading below the Ichimoku Cloud and showing no new highs, as its Aroon Up Line is stuck at 0%. While some cryptocurrencies are facing hurdles, others are gaining momentum, paving the way for fresh opportunities.
Amid these fluctuations, BlockDAG (BDAG), a Layer 1 cryptocurrency, is attracting attention with its presale going past the $100 million mark, thanks to a successful Testnet launch. Early supporters have enjoyed impressive gains of 1960%, as BDAG’s price has surged from $0.001 to $0.0206 across 24 batches. To further excite the community, the network has also unveiled a major brand release.
What you'll learn 👉
Ethereum’s Path to $2.8K: Can It Break Free?
Ethereum currently sits between $2.6K and $2.7K, testing an important resistance level. If it manages to break through this zone, it may trigger a move toward $2.8K. But if it fails, a pullback is likely, opening up fresh opportunities for buyers to jump in. A recent bounce from the $2.3K support pushed ETH above the middle trendline of a descending channel, hinting at a possible reversal.
Currently, the price meets resistance at a key point where the Head and Shoulders (H&S) neckline lines up with the 100-day moving average. A breakout here would confirm a bullish trend. On the 4-hour chart, a double-bottom pattern at $2.3K has fueled optimism. If ETH clears the $2.7K resistance, it could pave the way toward $2.8K. Otherwise, another retreat to $2.3K may occur, potentially offering a new entry point for traders.
Toncoin Battles Bearish Pressures
Toncoin remains under pressure, with its price trading below the Ichimoku Cloud, signaling a downtrend. This cloud indicates resistance, and breaking above it would require significant buying power. Right now, sellers seem to be in control, making it difficult for the market to shift directions.
Adding to the downward pressure, Toncoin’s Aroon Up Line is stuck at 0%, meaning no new highs have been reached in the past 14 days. This lack of momentum is a sign that buyers are struggling to gain traction. The Elder-Ray Index, currently at -0.11, further confirms that selling pressure is stronger than buying.
BlockDAG’s Presale Races Toward the Finish Line
BlockDAG is rapidly gaining traction, fueled by strong marketing efforts and innovative technology. This Layer 1 network has raised $100 million so far, with its testnet launch making a noticeable impact on the crypto scene. The project has also seen significant activity from large holders, contributing to its growth.
The numbers tell a compelling story. The price of BDAG has surged by 1960%, climbing from $0.001 to $0.0206 over 24 batches. So far, 14.3 billion coins have been sold, with the miner sales reaching $5.3 million, and over 13,210 miners purchased. This rapid growth has created a community of 140,000 holders who are excited about the project’s future.
At the current pace, the presale could wrap up in the next two months as the project works toward a $600 million target. As each batch sells out, prices increase, which could make now a great time to get in before the coin lists on major exchanges. Experts believe BDAG’s value could reach $30 per coin by 2030, offering a potentially rewarding opportunity for those who act early.
Recently, the project rolled out a major brand update, including an upgraded website designed to enhance user experience. The new site has been well-received by the community, adding another layer of excitement to the ongoing presale.
Why 2024 Could Be a Year for Layer 1 Networks
With Ethereum testing resistance and Toncoin facing bearish sentiment, BlockDAG shines due to its $100 million presale milestone, showcasing strong growth and increasing momentum. The testnet launch brought 1960% returns for early participants, with BDAG’s price climbing from $0.001 to $0.0206 across 24 batches.
The project has already sold over 14.3 billion coins to 140,000 holders, setting the stage for its $600 million target. As prices continue to rise with each new batch, this could be the perfect time to consider joining the presale before future gains are missed.
Join BlockDAG Presale Now:
Presale | Website | Telegram | Discord
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