BlockDAG's Viral Keynote Fuels $38.3M Presale; Cardano Slips While Chainlink Climbs

Cardano’s (ADA) price has dipped below its 20-day exponential moving average, reflecting reduced buying interest and decreasing confidence. Meanwhile, speculation about a Chainlink-SWIFT partnership is propelling LINK to a six-week high. In contrast, BlockDAG‘s presale has surged to $38.3 million, fueled by its viral keynote appearances at iconic locations like Tokyo’s Shibuya Crossing. The keynote highlighted BlockDAG’s integration with major DeFi exchanges and showcased lucrative opportunities, boosting its global prominence. Experts predict a 30,000x ROI, positioning BlockDAG as a top Layer 1 crypto.

Cardano Price Decline Signals Lower Demand

Cardano (ADA) has experienced a price drop over the past week, falling below both the 20-day exponential and 50-day simple moving averages, indicating decreased buying pressure. After peaking at $0.51 on May 21, ADA’s price has fallen 11%, now trading at $0.45. This decline is linked to reduced demand, with active address transactions down by 17% and new demand dropping by 22%. The overall crypto market saw a 2% decrease in capitalization. ADA whale activity also fell by 69%, suggesting diminished confidence among large investors. Both the Elder-Ray Index and Accumulation/Distribution Line indicate weakening buyer strength, hinting at ongoing bearish pressure.

Chainlink Rises Amid SWIFT Partnership Rumors

Chainlink (LINK) has climbed to a six-week high amid speculation about a potential SWIFT partnership announcement at the Consensys 2024 conference. This rally, driven by rumors of a significant collaboration, has boosted LINK’s price. Despite this rise, caution is advised as the Chaikin Money Flow (CMF) shows a bearish divergence. The upcoming conference session led by key figures from SWIFT and Chainlink has heightened expectations for advancements in tokenized assets.

BlockDAG’s Worldwide Impact Following Tokyo Keynote

BlockDAG has made a notable impact in the cryptocurrency arena, boosting its visibility through strategic displays at renowned global landmarks in Tokyo, Las Vegas, and London.

The campaign kicked off with the release of its keynote video at Tokyo’s Shibuya Crossing, delivering in-depth information about BlockDAG’s projects and products. This strategic presentation highlighted BlockDAG’s integration with leading DeFi exchanges like Bitget and CoinEx and introduced its user-friendly mining devices and crypto payment card, accepted by 38 million merchants globally.

The promotional tour then moved to the Las Vegas Sphere, where the release of the DAG paper explained BlockDAG’s unique protocol. The global tour concluded at Piccadilly Circus in London, celebrating BlockDAG’s listing on CoinMarketCap and generating significant excitement around its $100 million liquidity plan.

In its 16th batch, BlockDAG has successfully raised $38.3 million by selling over 10.3 billion coins and 6,624 mining rigs. This rapid advancement has thrilled investors, with forecasts of a potential 30,000x ROI. Projections are optimistic, suggesting BlockDAG’s price could hit $30 by 2030, establishing it as the top presale crypto for 2024.

Final Thoughts

While Cardano’s (ADA) price has declined due to reduced buying pressure, speculation about the Chainlink-SWIFT partnership is driving LINK’s price up. BlockDAG’s strategic keynote at Shibuya Crossing and other iconic locations has propelled its presale to $38.3 million, selling 10.3 billion coins and 6,624 miners. This cutting-edge ASIC technology, combined with strategic promotional efforts, has led experts to predict a staggering 30,000x ROI potential, positioning BlockDAG as a leading Layer 1 cryptocurrency.