BlockDAG Backed By Youtubers To Hit $20 By 2027, Overshadowing Dogecoin and Gaining Avalanche Investors’ Interest
The post BlockDAG Backed By Youtubers To Hit $20 By 2027, Overshadowing Dogecoin and Gaining Avalanche Investors’ Interest appeared on BitcoinEthereumNews.com.
BlockDAG is rapidly gaining traction in the cryptocurrency market, having raised $27.6 million in its presale, thanks to endorsements from technology leaders and prominent YouTubers like CryptoDexWorld. With a detailed strategic plan, BlockDAG is poised to hit a market cap of $600 million and reach a price of $20 by 2027, presenting a lucrative opportunity for investors. Dogecoin’s Current Market Performance Dogecoin is currently witnessing a positive trend in its market value, with a recent increase of 10% bringing its price to $0.16. This uptick comes after a 20% drop earlier in the month. The market shows a strong preference for bullish bets on Dogecoin, with leveraged long positions totaling $41.2 million, overshadowing the $12.7 million in short positions. Expectations for Dogecoin’s price to rise to $0.20 are high, particularly if the upcoming U.S. CPI and PPI data are favorable. This optimistic sentiment is underpinned by a solid support level at $0.15, though the overall future of Dogecoin will depend on broader economic factors and market responses to new data. Concerns Among Avalanche Investors Meanwhile, Avalanche is experiencing a downturn, with its price hovering around $36, a significant drop from its peak of $146. This decline has led to growing unease among investors, particularly those who entered the market during its high. The lack of expected gains post-Bitcoin’s halving has further dampened spirits, leading to doubts about Avalanche’s potential to revisit its former highs in the current economic cycle. BlockDAG’s Strategic Growth Plan To $20 by 2027 BlockDAG’s roadmap is meticulously crafted to foster trust and enthusiasm among its investors. The plan includes the development of a powerful P2P engine that supports both Block and DAG structures under a Proof of Work consensus. This engine will be compatible with the Ethereum Virtual Machine and include features such as command line…
Filed under: News - @ May 20, 2024 2:14 am