Ethereum (ETH) prices are consistently facing resistance levels, subtly shaping market behavior. Concurrently, Cardano’s transaction activity diminishes, mirroring a dip in its DEX volume. In a strategic play, BlockDAG has enlisted UFC champion Alex Pereira as its brand ambassador, significantly boosting its market presence and drawing attention from both cryptocurrency fans and sports aficionados. With this partnership, BlockDAG’s presale is steadily approaching the $60M target, igniting excitement for its future as a cryptocurrency leader in 2024, especially given the buzz from the new collaboration and a $2M giveaway.
Ethereum Price: Examining Current Market Obstacles
Ethereum (ETH) prices are retaining a bullish outlook, floating above the pivotal $3,350 resistance level. Recently, ETH prices climbed past $3,400, entering a more robust bullish phase. Despite these gains, Ethereum encounters tough resistance near $3,500, where it seems to be stabilizing its advances.
Further, Ethereum’s prices have adjusted slightly, revisiting lower support levels, including the 23.6% Fibonacci retracement starting at $3,350. Presently, Ethereum’s price remains strong above $3,400 and the 100-hourly Simple Moving Average, supported by a crucial bullish trend line at $3,350. While facing hurdles at $3,500, the next significant resistances stand at $3,520 and $3,550.
Cardano’s DEX Volume Growth
A recent spike in Cardano’s DEX volume, exceeding 50 million ADA, indicates growing interest in decentralized finance on its platform. Despite this surge in DEX volume, there’s a noticeable reduction in network operations. The daily count of active addresses has fallen from 39,300 to 31,000, showing a decline in user participation.
At the same time, daily transactions have decreased from 94,000 to 49,500, signifying a slowdown in network activities. Although ADA’s price has seen a slight uptick, trading at $0.444 with a 1.89% increase, the overall market direction for Cardano remains downward, with consistent declines.
BlockDAG’s Stellar Collaboration with UFC Champion Alex Pereira
BlockDAG is reshaping its market strategy and credibility in the competitive cryptocurrency arena. With a strategic marketing move, BlockDAG introduced UFC champion Alex Pereira as its Brand Ambassador, greatly enhancing its visibility and linking sports fans with cryptocurrency investors. Pereira’s Instagram announcement about his partnership with BlockDAG set off a widespread trend, putting BlockDAG at the center of attention in both the crypto and sports worlds.
The excitement continues as BlockDAG’s presale progresses impressively, approaching the $60 million target with over $12.2 billion coins sold. This brisk pace of sales highlights BlockDAG’s increasing popularity and positions it as a promising cryptocurrency for 2024. The enthusiasm for the presale reflects strong investor interest, indicating a bright future for this nascent cryptocurrency.
Moreover, BlockDAG’s promotional efforts, including a substantial $2 million giveaway, have garnered over 95,000 participants, effectively keeping the community engaged and eager. With just 23 days until the giveaway is announced, anticipation is mounting.
Crypto experts are optimistic about a significant market breakout following BlockDAG’s formal introduction. This outlook, combined with vigorous marketing and a solid presale showing, points to BlockDAG potentially being the standout cryptocurrency of 2024.
Which Crypto Will Shine in 2024?
As Ethereum maneuvers through market resistances and Cardano shows a drop in network engagement, BlockDAG distinctly takes the lead. With UFC champion Alex Pereira boosting its profile and the presale nearly hitting the $60 million mark, BlockDAG is set as the upcoming cryptocurrency star of 2024. This scenario distinguishes BlockDAG, suggesting it has a robust potential for market breakthroughs in the ever-evolving crypto landscape.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
The post BlockDAG Accelerates: UFC Champion Alex Pereira Joins Amid $60M Presale; Insights into Ethereum and Cardano appeared first on Crypto News Land.
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