The post BDAG Draws Influencer Support; Updates on Solana ETFs & SEI appeared on BitcoinEthereumNews.com.

Amid the uncertainty of the upcoming U.S. elections impacting Solana’s ETF ambitions, and as Sei confronts a bearish market outlook, BlockDAG (BDAG) thrives, spurred by a surge of influencer endorsements and a consequent influx of investors. BlockDAG is experiencing substantial growth, fueled by notable endorsements from leading crypto influencers. Analysts are setting ambitious targets, predicting BlockDAG could hit $10 by 2025 and $30 by 2030, highlighting its potential as a standout cryptocurrency investment.  Solana ETFs: Overcoming Regulatory and Electoral Challenges The U.S. investment scene for cryptocurrencies might see changes with a potential new altcoin ETF, though regulatory and political challenges are prominent, particularly with the 2024 U.S. presidential election looming. This section evaluates Solana’s potential in the ETF market. Following the SEC’s approval of spot Ether (ETH) ETFs on May 23, the focus has shifted to Solana, supported by institutional interest and its high-performance blockchain. Despite facing regulatory and political uncertainties, the demand for Solana ETFs is significant. Still, investors are advised to manage their expectations, as comprehensive approvals for altcoin ETFs may not be imminent. Sei (SEI) Braces for a Possible Sharp Downturn Sei’s market pricing is teetering on the brink, signaling a potential sharp downturn. Currently, SEI is showing a descending triangle pattern, hinting at a possible 42% fall from its breakout point of $0.467 to a projected low between $0.350 and $0.265—an ideal buy-in range for investors. With the Relative Strength Index (RSI) staying below 50, indicating minimal bullish momentum, the bearish scenario seems probable unless offset by a significant rise in Bitcoin (BTC) prices. A decisive climb in SEI above $0.560 could form a new high, challenging the current bearish forecast. BlockDAG Captivates Crypto Influencers’ Focus   BlockDAG’s presale, now at its 18th batch priced at $0.0122, demonstrates a remarkable 1120% growth from the beginning. This surge,…

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Filed under: News - @ June 17, 2024 9:22 am