BlockDAG Presale Soars with Support from Over 100,000 Backers Despite Falling Prices of Chainlink & Ethereum
The post BlockDAG Presale Soars with Support from Over 100,000 Backers Despite Falling Prices of Chainlink & Ethereum appeared on BitcoinEthereumNews.com.
Advertisement     The price of Ethereum recently endured a sharp 23% fall, coinciding with the launch of the first U.S. spot, Ethereum exchange-traded funds. This significant drop stabilized around $2,300 amid extensive global crypto sell-offs and daunting economic data. Meanwhile, Chainlink (LINK) grapples with instability, its recent dips mirroring ongoing market uncertainties. Despite the shaky market atmosphere, BlockDAG has captured impressive community engagement, amassing over 100,000 supporters in its dynamic presale phase. This surge in interest cements trust and marks a fertile path for growth, propelled by BlockDAG’s dedication to transparency and a community-centric development model that may boost the value of its offerings. Ethereum’s Market Dynamics Ethereum saw its value plummet 23% in a day following the introduction of America’s inaugural spot Ethereum exchange-traded funds. From a high near $2,900, it swiftly declined to $2,240 by Monday morning in Asia, its lowest since the year’s start, positioning it as the weakest among the top 15 cryptocurrencies by market cap. As Ethereum’s price settled around $2,300, the downturn was shaped by a substantial offload by Jump Crypto and disheartening economic updates from the U.S. and Asia. These elements and a dip in tech stock prices have moderated expectations and helped stabilize Ethereum’s price after the initial fall. Advertisement   Chainlink (LINK) News: Facing Market Headwinds Chainlink’s pricing has been turbulent, as recent reports show a drop from $13.76 to $12.44. This reduction mirrors wider market hesitations and consistent worries, especially after a hopeful climb to $15 in July, sparking expectations of a solid rebound. However, ongoing developments and market signals indicate potential continued hurdles for LINK. Latest updates reveal a significant fall in Realized Capitalization from $75.51 million to $11.14 million, a vital on-chain indicator that gauges market mood and actions. This marked decline suggests a recalibration of assets,…
Filed under: News - @ August 14, 2024 10:20 pm