Pepe and Bitcoin are top assets with recent inflows, but Bitcoin is losing momentum while Pepe’s growth is slowing. Amidst these developments, crypto investors are backing BlockDAG, a layer 1 project with a stellar presale. BlockDAG’s new dashboard enhances community experience and transparency. With over $40.8 million raised already, this presale is gaining massive traction as more and more investors rush to become a part of this upcoming sensation. BlockDAG’s second keynote highlights its technical prowess, making it one of the best blockchain projects. For those watching PEPE Price and Bitcoin Trading, BlockDAG presents a promising investment opportunity.
PEPE Price Surge and Market Impact
Pepe (PEPE) has recently seen a 13% price increase, trading around $0.0000168, marking a new all-time high. This surge has pushed PEPE’s market cap above $7 billion, surpassing Polygon (MATIC) and entering the top 20 cryptocurrencies. Crypto analyst Patel, with a following of 64,000 on X, highlighted PEPE’s surprising rise over Polygon, given PEPE’s status as a meme coin.
Technical analysis by altFINS suggests a bullish breakout for PEPE, with its price breaking above $0.000012 and $0.000015 resistance levels. The next resistance zones are at $0.0000164 and $0.0000211. The Relative Strength Index (RSI) indicates an overbought condition but not overly extended, suggesting momentum might sustain without immediate correction. The nearest support zones are at $0.000012 and $0.0000092, with the next resistance at $0.000021.
Bitcoin Trading: Facing Resistance and Consolidation
Bitcoin Trading is currently experiencing a slowdown, with the price struggling below $70,000. BTC faces resistance near $69,500 and is consolidating, unable to break through key levels. A bearish trend line with resistance at $69,100 on the BTC/USD hourly chart indicates continued challenges. Immediate support levels are at $68,000 and $67,500, with potential further drops to $65,500 if these supports fail.
Bitcoin found support above $66,000 and rose past $68,000, but bears were active near $69,500 and $70,000. The price corrected below the 23.6% Fib retracement level of the $66,250 swing low to the $69,608 high, testing $68,000 support. If Bitcoin breaks above $69,500, it could retest $71,200 and possibly $72,000. However, the RSI for BTC/USD is below 50, suggesting bearish momentum.
BlockDAG: A New Frontier for Crypto Investors
BlockDAG has made significant strides in the crypto world, recently launching its second keynote from the moon, a bold move highlighting its ambition. This keynote covered several updates, including the release of the beta version of the X1 Miner App. The X1 app, now in beta, is available for Android and Apple platforms and features user onboarding and presale functionality. This development marks a significant milestone, reflecting BlockDAG’s commitment to innovation and user engagement.
The keynote also emphasized BlockDAG’s advanced technical features. The project has released over 45 development updates, showcasing its robust development framework. BlockDAG employs a Detailed Acyclic Graph (DAG) implementation, supporting concurrent operations, disk persistence, and data integrity. Its DAG-based Proof of Work (PoW) consensus eliminates the need for traditional miners, confirming multiple transactions simultaneously, improving scalability, and ensuring transaction security. These technical advancements position BlockDAG as a leader in blockchain technology.
In addition to these technical updates, BlockDAG has raised over $40.8 million in its presale already, demonstrating strong investor confidence. The project has also received recognition from prestigious publications like Forbes and Bloomberg. With a roadmap that includes a testnet scheduled for mid-August and a mainnet launch within the next four months, BlockDAG is poised to become a major player in the cryptocurrency market. Crypto investors looking for the next big opportunity should consider BlockDAG’s promising potential.
Key Insights
Pepe’s recent PEPE Price surge highlights its potential for short-term gains, though its volatility is a concern for crypto investors. Bitcoin Trading continues to face challenges but remains a foundational asset with long-term stability. However, BlockDAG stands out with its $40.8 million presale success and advanced technical features. The second keynote from the moon and the X1 app beta launch underline its innovative approach. With a strong roadmap and significant growth potential, BlockDAG offers a compelling opportunity for investors looking for the next big thing in the crypto market.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Credit: Source link
