The post BlockDAG’s $56.9M Presale Success | Bitcoin Cash Price | Quant Updates appeared on BitcoinEthereumNews.com.

BlockDAG’s Innovative Technology Triggers $56.9M Presale Amid Bitcoin Cash Price Rally and Quant Updates Amidst fluctuations in Bitcoin Cash prices following Mt. Gox’s distribution of a substantial amount of BCH, Quant (QNT) trading is facing pressure from large transfers by whales. Conversely, BlockDAG has distinguished itself with a highly successful presale, drawing investors with its robust scalability, security measures, and rapid transaction speeds.  The presale garnered $56.9 million by selling over 12 billion coins, cementing BlockDAG’s position among the leading cryptocurrency projects. This achievement reflects strong investor confidence and highlights significant market potential. Quant Faces Selling Pressure from Whale Transfer Quant (QNT) trading has seen significant developments, notably with a whale transferring 118.09K QNT tokens to Kraken, indicating potential increased selling pressure. Consequently, QNT’s price has declined by about 20% over the past year.  Bearish technical indicators, with 27 signals in negative territory and QNT trading below its 50- and 100-day EMAs, further compound the situation. Market analysts maintain a cautious outlook, expecting QNT to stabilise by the end of Q2 2024 amidst these challenging market conditions. Bitcoin Cash Price Outlook Following Mt. Gox Distribution The current state of Bitcoin Cash price remains pivotal, with news of Mt. Gox’s imminent distribution of 143,000 BCH to creditors. Despite initial concerns about potential selling pressure, analysts believe this event may not significantly impact the Bitcoin Cash price due to the modest increase in circulating supply.  Recent technical indicators suggest a bullish stance, with BCH price resilience near crucial support levels. Traders closely monitor whether Bitcoin Cash will rebound from this support, potentially signalling a continuation of its upward trend. This resilience underscores market confidence in Bitcoin Cash despite external distribution pressures. BlockDAG Addresses Blockchain Challenges with Innovative DAG Structure BlockDAG emerges as a robust solution to the blockchain trilemma, which traditionally challenges…

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Filed under: News - @ July 9, 2024 10:12 pm