The post BDAG Achieves $66.7M in Presale Amid STX and LINK Challenges  appeared on BitcoinEthereumNews.com.

Biggest Crypto Presale–BlockDAG Raises $66.7M Amid Stacks and Chainlink Market Challenges The cryptocurrency market is experiencing notable developments, with attention focused on projects like Stacks (STX), Chainlink (LINK), and BlockDAG. Stacks is currently facing headwinds despite a recent Binance listing, while Chainlink has seen a downturn, touching its lowest price of the year.  Meanwhile, BlockDAG is making headlines by surpassing $66.7 million in its presale, with over 12.6 billion BDAG coins sold and a 1600% return for early contributors. This presale is shaping up to be a significant event, highlighting BlockDAG’s potential in the evolving crypto market. Stacks (STX) Faces Post-Binance Listing Challenges Stacks (STX) has been struggling to gain traction, reflecting broader market trends tied to Bitcoin’s influence. Even with a recent listing on Binance, which included a USDC trading pair, Stacks has had difficulty sustaining its upward momentum. The coin is currently trading around $1.65, with analysts noting bearish signals from the Relative Strength Index (RSI), which suggests the price may be nearing critical support levels. The performance of Bitcoin continues to cast a shadow over Stacks, leading to an uncertain near-term outlook. Contributors are advised to stay informed and monitor the situation closely, looking for any indications of price stabilization before taking action. The current environment presents challenges for Stacks, and the possibility of further declines cannot be ruled out. Chainlink (LINK) Declines to 2024 Lows Chainlink (LINK) has recently experienced a decline, reaching some of the lowest prices observed in 2024. After a strong rally earlier this year that saw LINK appreciate by 87%, the token has now fallen to around $11.59, approaching its June low. This downturn has sparked discussions about whether LINK is currently undervalued, with some analysts suggesting it may offer a buying opportunity if market conditions improve. Despite this, the prevailing sentiment…

---

Filed under: News - @ August 19, 2024 12:02 am