The post $10M in 72 Hours! Whale Frenzy Propels BlockDAG to $92 Million — BNB Stumbles as Solana Gears Up for a Major Rebound appeared on BitcoinEthereumNews.com.

The cryptocurrency landscape has been highly volatile recently, witnessing certain currencies facing challenges and others making significant advances. BNB is under severe downward pressure, with recent analyses suggesting it may decline further. In contrast, Solana has suffered setbacks, yet many believe it could make a robust recovery by the end of 2024. On the flip side, BlockDAG has emerged as a standout performer, amassing an impressive $10 million in a mere 72 hours owing to substantial contributions from crypto whales. As the presale rapidly progresses, accumulating over $92 million, BlockDAG is increasingly recognized as a potential leading force in the cryptocurrency sector. BNB Price Woes BNB’s value is contending with escalating downward pressure. It has decreased by 8.72% over the past week, and indicators point toward further potential declines. Critical technical measures such as the ADX and Ichimoku Cloud highlight a robust downtrend, suggesting a potential additional 12% drop if it breaks below the pivotal $527 support level. The ADX reading of 40.88 underscores strong bearish momentum, while the weakening Ichimoku Cloud forecasts sustained losses. Should the price drop below $527, it might descend to $471, although a rally could propel BNB towards resistance levels at $562 and $598. Solana’s Possible Rebound in 2024? Despite a 9% decrease, bringing Solana down to $134 per unit, some analysts are optimistic about a powerful recovery, potentially hitting $330 by year-end. Solana’s attributes, such as low transaction fees and efficient processing, continue to attract attention, particularly for stablecoin transactions. Significant cuts in interest rates by the Federal Reserve have also buoyed riskier assets like cryptocurrencies. As stablecoins gain traction as a reliable option during economic uncertainty, Solana is anticipated to grow considerably through 2024. BlockDAG’s Impressive $92M Milestone in 72 Hours BlockDAG has rapidly ascended as a leading cryptocurrency contender, with a staggering…

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Filed under: News - @ October 9, 2024 5:27 pm