BlockDAG’s Record-Setting $3M Presale Day – Is a Shift Towards BDAG on the Horizon for Chainlink and Litecoin Enthusiasts?
The post BlockDAG’s Record-Setting $3M Presale Day – Is a Shift Towards BDAG on the Horizon for Chainlink and Litecoin Enthusiasts? appeared on BitcoinEthereumNews.com.
The market sentiment for Chainlink (LINK) is currently upbeat, with projections indicating a potential 20% increase in price if it remains above the $13.10 mark. Simultaneously, Litecoin (LTC) has experienced a significant uptick, surging over 15% following a breakthrough past critical resistance levels, fueling anticipation for a substantial rally. The cryptocurrency landscape is witnessing unprecedented enthusiasm around BlockDAG’s presale, which successfully amassed more than $3 million within just 24 hours. This surge in participation is largely attributed to a significant influx from crypto whales, propelled by the project’s strategic 50% bonus offer, set to conclude in just nine days on October 14. As BlockDAG prepares to launch its revamped website and platform, the crypto community is abuzz, positioning BlockDAG as a potential major player in the market. Chainlink’s Market Outlook Appears Strong The outlook for Chainlink (LINK) is robust, with predictions leaning towards a 20% uplift in its price, contingent on its ability to maintain a position above $13.10. Chainlink’s recent formation of a bullish double-bottom pattern suggests a possible ascent to $15. However, despite the positive market ratios and a favorable Long/Short ratio, the Relative Strength Index (RSI) indicates a slight downward trend, suggesting some potential volatility ahead. Further, a noticeable 25% reduction in trading volume indicates a cooling interest among traders, with Chainlink currently trading around $12.65, marking a modest 1.2% increase over the last 24 hours. Traders are advised to monitor the $12.12 and $13.16 levels closely, as these represent critical thresholds where significant liquidations could disrupt the upward momentum. Litecoin Shows Promising Signs of a Major Rally In tandem with Chainlink, Litecoin (LTC) has recently surged over 15% after breaking through key resistance levels, igniting speculation about an upcoming major rally. This movement marks a pivotal moment for Litecoin, suggesting a renewed enthusiasm among participants eager…
Filed under: News - @ October 5, 2024 5:21 pm