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BlockDAG’s Keynote Video Ignites Excitement: Cardano and PEPE Prices React to Potential 30,000x ROI While the Cardano price is climbing up from $0.4620, it still lags behind industry giants like Bitcoin and Ethereum. Concurrently, PEPE has reached a new all-time high, prompting a wave of profit-taking. Amid these market shifts, BlockDAG asserts itself as a leading layer 1 crypto.  Its progressive approach was showcased in a recent keynote, alongside prominent advertising in Piccadilly Circus, driving its presale to a remarkable $34.9 million. This strategic placement highlights its technological superiority and its immense ROI potential, sparking significant interest among crypto enthusiasts. Cardano’s Price Confronts Major Resistance Cardano’s price is coming back from the $0.4620 mark but still trails behind Bitcoin and Ethereum. It recently entered a bullish phase, breaking through the $0.4750 and $0.480 barriers, even spiking past $0.50. However, it met resistance near $0.510, leading to a slight pullback. Currently, Cardano is trading over $0.480, sustained by a crucial bullish trend line. Immediate resistance is close at $0.4980, with additional hurdles at $0.510 and $0.5250. If Cardano surpasses the $0.5250 mark, it might escalate towards $0.5450 or $0.5650. Conversely, failing to overcome $0.4980 could result in a decline, testing supports at $0.480 and possibly $0.4620. Thus, Cardano stands at a pivotal crossroads, with potential for both growth and further declines. PEPE Hits Peak, Signals Profit-Taking PEPE has achieved a new all-time high at $0.00001430, hinting at upcoming significant sell-offs. As the Network Realized Profit/Loss metric indicates, investors are beginning to reap profits, typically a precursor to increased selling. This is further supported by the Market Value to Realized Value (MVRV) Ratio, showing a 38% profit margin, suggesting a tilt towards profit-taking. Historical data reveals that PEPE often adjusts after surpassing MVRV levels between 15% and 36%. Currently, beyond this bracket,…

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Filed under: News - @ May 29, 2024 2:18 am