The post BlockDAG Gets Influencer Boost, Beats Polkadot & Solana Trading Volume Coin Edition appeared on BitcoinEthereumNews.com.

The Solana trading volume has seen a significant uptick recently, indicating heightened market activity. Polkadot (DOT) price, on the other hand, has experienced fluctuations with increased selling pressure at key resistance levels. Amidst this volatility, BlockDAG has emerged as a top altcoin to invest in. Crypto Infinity, a YouTube influencer, played a crucial role in enhancing BlockDAG’s visibility and credibility. This has made BlockDAG burst into a massive presale success of $28.3 million. Polkadot Faces Technical Challenges in Recent Days Polkadot recently encountered significant selling pressure at the 200-day moving average, leading to a downward trajectory towards the lower boundary of its sideways trading range. Despite a bullish ascent earlier, the rejection at $7.4 has resulted in consolidation, with the price currently hovering around $6. A breach below this critical support could accelerate the bearish trend, potentially pushing the price towards $5.5. The market’s future direction hinges on whether it can sustain itself above this key support zone or succumb to further declines. Solana Trading Volume Climbs Amid Economic Uncertainty Solana’s price has rebounded to $150, climbing from lows under $140, driven by a spike in trading volumes exceeding $2.5 billion. This movement comes as traders anticipate key U.S. economic data releases that might influence interest rates. Despite this rise, Solana remains within the $120-$160 trading range it has maintained over the past month. The market’s attention is now on meme coins, especially with Roaring Kitty’s recent comeback and low gas fees on major blockchains, potentially heralding a new meme coin season where Solana could play a significant role. Influencers Fuel BlockDAG’s Presale Success into $28.3M BlockDAG’s pre-sale figures have surged dramatically. A large part of this goes to strategic influencer endorsements. Crypto Infinity, a YouTube influencer, shared his positive views on BlockDAG and forecast a potential rise to $30…

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Filed under: News - @ May 19, 2024 11:22 am