BlockDAG Poised for $20 by 2027: CEO, Executive Advisory Team Reveal Looms as ETH ETFs Await Approval and BNB Declines
The post BlockDAG Poised for $20 by 2027: CEO, Executive Advisory Team Reveal Looms as ETH ETFs Await Approval and BNB Declines appeared on BitcoinEthereumNews.com.
Anticipation is building within the BlockDAG community as two major events approach: the CEO and executive team reveal on July 29, with a live Q&A session on July 30. These events, highlighted in the recent Keynote 2, are designed to enhance transparency and trust and are expected to generate significant market momentum. Amidst the buzz around Ethereum ETF approval awaiting the Sec approval and BNB price analysis showing a sharp decline, BlockDAG’s presale has surged to $57.1 million, marking it as one of the best crypto investments for 2024. The upcoming events could drive BlockDAG’s price high boosting the projection of $20 by 2027. Ethereum’s ETF Approval Prospects The crypto community awaits the SEC’s decision on Ethereum ETFs, with Matrixport predicting a favourable outcome this week. The approval could propel Ethereum to new heights, enhancing confidence in the cryptocurrency market. Financial giants like BlackRock, Fidelity, and Grayscale are preparing to submit their S-1 forms, anticipating swift ETF approval. Nate Geraci, President of ETFstore, noted that the SEC’s requested adjustments in previous reviews were minor, suggesting ETFs could begin trading within two weeks of approval. Bloomberg experts predict approval as early as July 15. SEC approval of Ethereum ETFs may boost its price to $3,400, says Matrixport, despite a bearish market. BNB Price Analysis Hints at a Sharp Decline Binance Coin (BNB) has recently experienced significant price volatility, causing investor concern. After hitting an all-time high of $720.67, BNB saw a sharp 10.11% decline in early July. This drop was largely due to large-scale sell-offs and decreased on-chain activity within the BNB ecosystem. Data from Dapp Radar indicated a 9.14% decrease in Unique Active Wallets (UAWs) on the BNB Chain, highlighting reduced user engagement. Additionally, the Total Value Locked (TVL) in BNB’s DeFi protocols dropped from over $5 billion, further impacting…
Filed under: News - @ July 11, 2024 7:14 am