The post Alex Pereira Pushes BDAG, Overtaking Dogecoin & BCH appeared on BitcoinEthereumNews.com.

Dogecoin trading volumes are ballooning, fueled by speculation and growing market interest. At the same time, Bitcoin Cash (BCH) faces a decline, echoing wider market jitters. Amid these market shifts, BlockDAG stands out as a bullish cryptocurrency for 2024. With UFC champion Alex Pereira boosting its visibility, BlockDAG now ranks #1 on CoinSniper, and its presale is on the brink of hitting the $60.4 million milestone, sparking excitement among cryptocurrency enthusiasts. Dogecoin Sees Trading Boom Amid Market Excitement Recent trends show a sharp increase in Dogecoin trading volumes, particularly in derivatives and spot markets. This includes a remarkable turnover of $1.69 billion in Dogecoin perpetual futures. Additionally, spot market volumes for Dogecoin have jumped by about 65%, reaching $1.05 billion, as both traders and investors deepen their engagement with the meme-based cryptocurrency. This uptick in Dogecoin activity stems from speculative excitement and talks of new offerings like a potential Dogecoin ETF. The conversation around the impacts and possibilities of such an ETF has been reignited by notable cryptocurrency personalities, hinting at a launch in the near future. Bitcoin Cash (BCH) Faces Market Pressure Bitcoin Cash (BCH) has seen its price drop by 4.1% to $382.50, reflecting a downturn across the broader crypto market. This decline tracks a pattern across various altcoins, triggered by a fall in Bitcoin prices after unsettling industry news, including a significant Bitcoin transfer by the Mt. Gox exchange as part of its repayment efforts. As the market digests these developments, Bitcoin Cash’s price is especially sensitive due to its lower liquidity compared to Bitcoin. This situation means that even small sell-offs in Bitcoin can have a disproportionate effect on BCH, leading investors to shed their holdings in fear of further price drops. BlockDAG Partners with UFC Champ Alex Pereira: Aiming for $60.4M BlockDAG is establishing itself…

---

Filed under: News - @ July 23, 2024 10:24 pm