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Home » PEPE price, Bitcoin trends, and crypto investors turn their attention to BlockDAG » The Merkle News
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PEPE price, Bitcoin trends, and crypto investors turn their attention to BlockDAG » The Merkle News

i2wtcBy i2wtcJune 4, 2024No Comments4 Mins Read
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Crypto Whales Join BlockDAG Presale as Moon Keynote 2.0 Announcement Continues, while Pepe and Bitcoin Price Predictions Lose Momentum

Pepe and Bitcoin have recently become popular among investors, but Bitcoin’s growth has slowed and lost momentum. Amid these changes, Block DAGLayer 1 projects with successful presales are seeing increased investor support. BlockDAG’s new dashboard increases transparency and community engagement.

With over $40.8 million raised so far, the presale has garnered a lot of attention, with many investors rushing to get in on this emerging sensation. BlockDAG’s latest keynote highlighted its technical capabilities, positioning it as one of the most promising blockchain projects. For those keeping an eye on PEPE price and Bitcoin trading, BlockDAG offers an attractive investment opportunity.

PEPE price rise and its impact on the market

Pepe (PEPE) is currently trading at an all-time high of around $0.0000168, driven by a 13% price increase. As a result of this surge, PEPE’s market cap has surpassed $7 billion, overtaking Polygon (MATIC) into the top 20 cryptocurrencies. Patel, a crypto analyst with 64,000 followers on X, noted that PEPE’s rally against Polygon has been impressive, especially considering PEPE’s status as a meme coin.

According to altFINS technical analysis, PEPE appears to have made a bullish breakout, with the price rising above the resistance levels at $0.000012 and $0.000015. The next resistance zones are $0.0000164 and $0.0000211. The Relative Strength Index (RSI) is indicating overbought conditions, but not excessive, suggesting that the momentum may continue without an immediate correction. The nearest support zones are $0.000012 and $0.0000092, while the next resistance level is $0.000021.

Bitcoin Trading: Fighting Resistance and Consolidation

Bitcoin price is struggling to drop below $70,000 and trading is slowing. Bitcoin is consolidating and facing resistance near $69,500. It is unable to break through the key level. The bearish trend line with resistance at $69,100 on the hourly chart of BTC/USD shows a continuing challenge. The immediate support levels are $68,000 and $67,500 and if these support fail, a drop to $65,500 is possible.

While sellers were active around $69,500 and $70,000, Bitcoin found support above $66,000 and rallied above $68,000. The price corrected below the 23.6% Fib retracement level of the swing low of $66,250 to the high of $69,608 and then tested the support at $68,000. If Bitcoin manages to rise above $69,500, it could retest $71,200 and possibly $72,000. However, the RSI of BTC/USD is below 50, suggesting bearish momentum.

BlockDAG: A Fresh Start for Crypto Investors

BlockDAG has made great strides in the cryptocurrency space. The company recently demonstrated its ambitions by holding its second keynote, launching from the surface of the moon. During the keynote, several updates were announced, including the beta version of the X1 Miner app. Currently in beta, the X1 app is available on both Android and Apple platforms and features user onboarding and presale capabilities. This development is a significant milestone that reflects BlockDAG’s commitment to innovation and user engagement.

The keynote also highlighted BlockDAG’s advanced technical features. The project has released over 45 development updates, demonstrating a powerful development framework. BlockDAG implements a detailed acyclic graph (DAG) that supports concurrent operations, disk persistence, and data integrity. DAG-based Proof-of-Work (PoW) consensus eliminates the need for traditional miners to simultaneously confirm multiple transactions, improving scalability and ensuring transaction security. These technical advances have established BlockDAG as a leader in blockchain technology.

In addition to these technical updates, BlockDAG has already raised over $40.8 million in its presale, demonstrating strong investor confidence. Prestigious publications such as Forbes and Bloomberg have also recognized the project. With a testnet scheduled for mid-August and a roadmap to launch the mainnet within the next four months, BlockDAG is set to become a significant player in the cryptocurrency market. Cryptocurrency investors looking for the next big thing should consider BlockDAG’s promising potential.

The principle of profit

While volatility in Bitcoin remains a concern for crypto investors, the recent price surge highlights the potential for short-term profits. Bitcoin remains a reliable and essential asset, even if it can be difficult to trade. However, BlockDAG stands out due to its advanced technical features and successful $40.8 million presale.

The company’s second keynote from the moon and the beta release of the X1 app highlight its innovative approach. With a strong roadmap and significant growth potential, BlockDAG represents a compelling opportunity for investors looking for the next big thing in the cryptocurrency market.

Join the BlockDAG presale now:

Disclosure: This is a sponsored press release. Always do your research before buying cryptocurrency or investing in any project. Read our full disclosure here.



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