The post BlockDAG Shocks the Market With $1 Million Giveaway as Presale Explodes—Ethereum ETFs Drop as Fantom Surges appeared on BitcoinEthereumNews.com.

In cryptocurrency market, Ethereum ETFs experienced a significant drop on Monday, with a staggering $79 million moving out. This shift highlights a growing trend where enthusiasm is cooling off due to Ethereum’s recent slow pace in rolling out new developments. On the flip side, Fantom (FTM) is buzzing with a nearly 90% surge in value since the debut of its Sonic testnet. Now, it’s at a crucial juncture, grappling with a key resistance level that could either catapult its price to $1 or see it struggle to maintain the momentum. Meanwhile, BlockDAG is making waves with its whopping $84.2 million presale, fueled further by a tantalizing $1M giveaway. With analysts whispering about a potential 20,000x return, the big question is: will this surge in presale activity lead to an explosive increase in price sooner than many might expect? Ethereum ETFs Face Major Outflows It was a rough start to the week for Ethereum ETFs, seeing over $79 million pulled out, marking the most significant exit since July. The lion’s share of this exodus came from Grayscale’s Ethereum Trust (ETHE), though Bitwise’s ETHW managed to snag some modest inflows. Despite Ethereum’s price enjoying an 11% uptick recently, the mood remains wary among those holding Ether. The lack of fresh and exciting developments has many reallocating their assets, looking towards what’s next on the horizon. With the Pectra update slated for 2025 aiming to inject new life into Ethereum’s capabilities, the hope is to rekindle interest. Yet, for now, the focus for many is shifting towards fresher opportunities. Fantom’s Price on the Cusp: Could $1 Be in Sight? Fantom is on a tear, with its value nearly doubling since the Sonic testnet went live on September 6. After overcoming a long-standing resistance level, FTM now faces another challenge at the $0.75 to…

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Filed under: News - @ October 6, 2024 3:10 pm