Cryptocurrency

Crypto Whales Pick BlockDAG, as BDAG Presale Outshines Dogecoin Predictions and BTC Rally

Market Trends

Bitcoin's surge past the $60,000 mark for the first time since November 2021 has ignited a buying frenzy in the altcoin market. Meme coins are leading the pack, with Dogecoin as a top gainer. According to a top analyst's Dogecoin prediction, should this momentum persist, DOGE could reach $1 in the coming months.

The presale market is also booming, with BlockDAG (BDAG) emerging as a frontrunner. Some experts suggest that BlockDAG could even surpass the gains typically seen with meme coins upon its launch on exchanges.

BTC Rally Leaves 97% of BTC Addresses In Profit

The BTC rally, which has brought the asset's price to its ATH level, has led to a record level of Bitcoin addresses realising profit. Analytics firm IntoTheBlock reports that over 97% of BTC addresses are now profitable, marking the highest level of profitability since November 2021, when Bitcoin reached its ATH at $69,000.

An address is considered profitable or "in money" when the current market price of BTC exceeds the average cost at which it acquired its BTC. This means that most investors have purchased their BTC at prices below the current rate of around $65,000.

Dogecoin Prediction: Can DOGE Hit $1?

Dogecoin (DOGE) has witnessed a remarkable 114% increase over the last month after a breakthrough above the critical $0.15 resistance level. As this happened, speculation mounted on whether DOGE could reach $1 in this bull run.

HornHairs (@CryptoHornHairs) shared his opinion on the matter. According to HornHairs' Dogecoin prediction, if DOGE manages to end the week above $0.10, it stands a strong chance of hitting $1. His analysis of the Dogecoin weekly chart highlights a decisive break above the previous high of $0.107, which had led to a drop to $0.070.

BlockDAG – Where Speed Meets Security

BlockDAG emerges as a holistic ecosystem for decentralised solutions, featuring advanced smart contract capabilities and seamless DApps integration, aligning it with behemoths like Solana, BNB, and Ripple. However, what sets BlockDAG apart is its unparalleled transaction confirmation speed and top-tier security, which were made possible thanks to the DAG protocol integration.

With a confirmation speed of 10 blocks per second – slated to increase to 100 blocks in the future – BlockDAG stands poised to be the fastest PoW network.

Another key highlight is BlockDAG's commitment to environmental sustainability. BlockDAG's X-Series crypto mining rigs are designed to consume the least energy, addressing the critical challenge in the crypto mining sector.

In response to the overwhelming early investor interest and the $2 million raised quickly, BlockDAG has announced a $2 million mega giveaway to be won by 50 lucky community members. To participate in the giveaway, follow BlockDAG's social media channels, submit your wallet address, increase your chances by completing all tasks, and bring friends for additional entries!

In Summary

The BTC rally continues its strong momentum, with 97% of Bitcoin addresses currently in profit. Dogecoin prediction is at $1, according to a top analyst. Outshining these developments, BlockDAG emerges as a game-changer, poised to rival crypto giants like Solana with its unparalleled transaction speed of 10 blocks per second. BlockDAG is currently in the second batch of its presale, trading for $0.0018, while the listing price is $0.05. The price is slated to increase with each subsequent batch, so hurry up and seize this opportunity while the project is still early in its presale!

Invest In BlockDAG Today

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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