Kaspa’s Downtrend, Ethereum Struggles at Resistance, BlockDAG Thrives with Sports Partnership; Will New Alliances Boost 30,000x ROI?
The post Kaspa’s Downtrend, Ethereum Struggles at Resistance, BlockDAG Thrives with Sports Partnership; Will New Alliances Boost 30,000x ROI? appeared on BitcoinEthereumNews.com.
Kaspa’s value has dropped by 3% in 24 hours to $0.15, reflecting a 7% decline over the week with a 22% reduction in trading volumes. Despite these challenges, it still boasts a $3.72 billion market cap. Ethereum is also struggling, facing possible declines if it fails to surpass the $2,327 resistance. In contrast, BlockDAG’s visibility is on the rise due to partnerships with major European soccer clubs, pushing its presale to $72.5 million. Rumors of a deal with a Premier League club could further enhance BDAG’s prospects, with predictions suggesting a potential 30,000x ROI and rise to $30 by 2030. Kaspa and Ethereum Face Market Challenges Kaspa’s price has fallen by over 3% in the last 24 hours, now sitting at $0.15, extending a week of losses that saw a 7% decrease from $0.16. This trend is reflected in a 22% drop in trading volume, despite a slight rise in the circulating supply to 24.61 billion KAS, which is 85.75% of its total supply. Despite the downward trend, Kaspa still maintains a market cap of $3.72 billion, ranking it 28th in the cryptocurrency market. The price has been fluctuating significantly, which has led to a cautious outlook regarding its immediate future. Ethereum’s Struggle with Key Resistance Level Meanwhile, Ethereum is wrestling with its own challenges as it tries to overcome the $2,327 resistance level. Following a 12.37% fall last week, Ethereum recorded a marginal increase of 0.22%, trading at $2,302. Should it fail to breach the $2,327 level, a further 9% decrease to $2,118 is expected according to analysts. Indicators like the RSI and AO suggest that the downward pressure might continue. However, if Ethereum manages to close above the $2,327 threshold, it could reverse the current negative trend and potentially increase by 5.8% to reach $2,564. The cryptocurrency community is…
Filed under: News - @ September 18, 2024 2:14 am