Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges
The post Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges appeared on BitcoinEthereumNews.com.
The cryptocurrency market is bustling with activity, marked by significant price movements. Bitcoin has soared to $99,445, encountering resistance around the $99,000 mark, a reflection of similar patterns observed in the tech sector. Meanwhile, Avalanche has crossed the $30 threshold, driven by increasing trade volumes and growing confidence among participants. BlockDAG (BDAG), however, has captured significant interest through a well-received AMA session, enhancing its transparency and strengthening community trust. With a presale that has collected $5 million in the last 24 hours, reaching $136 million in just 26 batches, BlockDAG is establishing itself as a visionary project with robust community involvement, differentiating it from others in the industry. Bitcoin Price Approaches $99K Bitcoin recently reached a high of $99,445 but is now hovering near a significant resistance level at $99,000. This resistance is integral, aligning with a trendline from its dual peaks in 2021. The movements in the Nasdaq-to-S&P 500 (NDX/SPX) ratio, which often prelude shifts in Bitcoin, reflect similar trends seen in traditional tech sectors. Noted in a recent CoinDesk report, this ratio’s increase from below $30,000 in BTC has been linked to broader tech sector dynamics. In July, the NDX/SPX ratio peaked, surpassing the pivotal 2021 trendline before declining, which now appears to influence Bitcoin’s current position. Should this ratio recover, Bitcoin might have the potential to breach the $100,000 barrier, sparking optimistic projections for its near future. AVAX Exceeds $30 Milestone Avalanche has recently achieved a significant upturn, with a 23% weekly rise pushing its price beyond $30, now standing at $32 despite a minor daily decline. This surge is supported by a substantial 78% increase in trading volume, totaling over $1.11 billion in the last 24 hours. The trading sentiment is decidedly positive, as indicated by a long/short ratio of 1.40, suggesting that many anticipate further…
Filed under: News - @ November 22, 2024 5:26 pm