The post Highest ROI Crypto: Whales Buy into BlockDAG As Arweave and Ethereum Classic Price Predictions Show Stress appeared on BitcoinEthereumNews.com.

As the market goes into a correction, concerns about a downtrend have arisen, with Ethereum Classic and Arweave showing bearish trends. Amidst these developments, BlockDAG, a layer 1 project with a stellar presale, has become the preferred destination for inflows. Its high-tech ecosystem has fueled its growth, giving BDAG the potential to yield more than 30,000x ROIs. The presale has surged to over $54.3 million due to rising investor interest. For those seeking the highest ROI crypto, BlockDAG’s impressive performance makes it a compelling option, outpacing market leaders with its long-term potential. Ethereum Classic Prediction: A Bearish Outlook Ethereum Classic (ETC) has long been a mainstay in the cryptocurrency market but is not expected to achieve dramatic gains like 100x. Recent market trends for ETC have been bearish, with the price making lower highs and lower lows since late May. This classic downtrend pattern is further confirmed by a death cross, where the 50-day moving average crosses below the 200-day moving average, signaling a prolonged decline. Previous support levels around $25 have now turned into resistance, with the next key support likely around the $20 mark. Trading volume has also decreased, indicating reduced investor interest. This lack of volume suggests that fewer buyers are present to push the price back up. Despite a hike of +5.56% in ETC derivatives trading, speculative rushes have not sustained, leading to price retraction. The Ethereum Classic prediction remains bleak for the rest of the year, with the prevailing bearish trend showing no signs of reversal. Arweave Price: A Potential Rebound Arweave (AR) has shown resilience, with the Arweave price recently rising by 8.28% to $27.57. Despite facing downward pressure in previous sessions, the daily chart indicates a recovery phase. The MACD indicator remains below the signal line, suggesting that bullish momentum might be building.…

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Filed under: News - @ June 29, 2024 10:26 am