The post Cardano Slumps, Bitcoin ETFs Rise: Could. BlockDAG’s Premier League Deal Elevate Its Price to $30? appeared on BitcoinEthereumNews.com.

As the crypto currents shift, Spot Bitcoin ETFs are capturing fresh investor interest with significant inflows, marking a positive trend reversal, while Cardano’s trading volume has shrunk by 20%, prompting caution among its investors. Amid these mixed market signals, BlockDAG stands out for its steady and impressive growth. Recently solidifying its position with strategic partnerships with Borussia Dortmund and Inter Milan, BlockDAG’s presale now boasts a remarkable $73.5 million. Stirred by whispers of a forthcoming collaboration with a Premier League club, analysts suggest a potential 30,000x ROI and envision a valuation of $30 by 2030—forecasts that dangle the possibility of massive returns for early backers. Cardano’s Market Challenges: A Closer Look Cardano’s trading activity has dipped significantly, with a 20% drop in the past day alone, positioning it behind crypto rivals like XRP and Solana. After reaching a high of $3.10 in 2021, Cardano has been on a downward trajectory, marked by a series of descending peaks suggesting a bearish outlook. Despite occasional upticks, the broader trading structure for Cardano remains underwhelming. Market spectators are monitoring the $0.45 resistance level for any signs of an upward pivot. However, lacking any robust driving force, Cardano’s market performance may continue to be erratic. Spot Bitcoin ETFs Experience Revival In contrast, Spot Bitcoin ETFs enjoyed a robust resurgence on September 12, with new investments totaling $39.02 million, effectively offsetting the prior day’s $43.97 million loss. Leading the pack was ARK 21Shares’ ARKB, which recouped $18.3 million following a significant outflow. Fidelity’s FBTC also contributed positively with an $11.5 million influx. While other ETFs reported modest gains, Grayscale’s GBTC saw a reduction of $6.5 million. Overall, trading volumes across these ETFs declined, falling to $896 million, a slight dip from the previous day. BlockDAG’s Anticipated Premier League Strategy BlockDAG is making headlines and shows…

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Filed under: News - @ September 22, 2024 12:13 am