The post BlockDAG’s Alluring Bonuses Draw Traders in as Hedera & Avalanche Struggle appeared on BitcoinEthereumNews.com.

Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned. This week in the crypto market has been anything but smooth, with Hedera and Avalanche suffering sharp declines. Hedera (HBAR) has plummeted over 22% since June, while Avalanche (AVAX) has tumbled by more than 5% in just the past week. With the looming threat of further losses, traders are jumping ship, searching for more promising prospects. Enter BlockDAG, a Layer 1 blockchain in the midst of its presale—a beacon of stability amid the storm. Despite the overall market gloom, BlockDAG has raised an impressive $66 million, with its price skyrocketing by 1600% from the first to the 21st batch, now standing at $0.017. The BlockDAG community has seen explosive growth, fueled by an automatic bonus system that rewards holders with up to an 8% bonus based on their ranking on the BDAG leaderboard. Hedera (HBAR) Battles to Stay Afloat Hedera (HBAR), backed by industry giants like IBM, Boeing, and Hitachi, is fighting an uphill battle. After peaking at $0.156 in May, HBAR’s price has been in a freefall, with a sharp 6.35% drop recorded in the second week of August. Since June, HBAR has shed 22.10% of its value, raising serious questions about its ability to recover and maintain investor confidence. Avalanche (AVAX) Faces a 14% Decline Avalanche (AVAX) has had a rough ride, with its value sinking by 14% in July, including a 5% drop in the last week…

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Filed under: News - @ August 18, 2024 8:22 pm