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October presents as a pivotal month in the cryptocurrency sector. XRP recently saw a 4% decline following Ripple’s token release event, even as Bitwise submitted a proposal for an XRP-centric ETF.
On another front, Sui (SUI) is approaching its historical high of $2.18, thanks to a 65% boost in Total Value Locked (TVL).
While both XRP and SUI display promise, BlockDAG is cementing its status as a premier Layer 1 crypto through a notably successful presale, accumulating $2 million in a single day due to significant whale participation following a successful testnet debut.
This surge in presale funding has brought the total to $84.2 million, clearing the path for BlockDAG to aim for a $600 million presale goal in less than 3 months.
XRP's price recently fell after Ripple initiated a 1 billion token release this October. From a high near $0.66, XRP has found it challenging to keep its ascending trajectory. In the past week, the token fell from its peak of $0.6336 to $0.584.23, showing a 4% drop.
Despite Ripple’s strategic timing of the token release to minimize market disruption, it typically triggers a short-term downward market trend. With trading volume up by 63%, more than $2.79 billion in XRP was transferred between wallets. Nonetheless, XRP has demonstrated some resilience, achieving a 2% rise.
Sui (SUI) is bolstering its position as it nears its record high of $2.18, propelled by a remarkable 65% increase in Total Value Locked (TVL) over the last month, surpassing the $1 billion threshold. This influx of capital into the network has fostered a positive market outlook, propelling SUI’s price upward.
The expansion of Sui's ecosystem, particularly with the introduction of the Sui Bridge, along with an increase in open interest to $750 million and enhanced liquidity, positions SUI to potentially surpass previous resistance levels. However, should SUI's momentum falter, it may experience a downturn, prompting some investors to remain cautious about its immediate future despite recent gains.
BlockDAG has achieved a monumental $3 million in its presale within just one day, spurred by increased whale activity following a fruitful Testnet introduction. The presale tally now exceeds a remarkable $84.2 million. This outstanding performance underscores the rising trust in BlockDAG’s prospects as whales eagerly invest in the project.
The recent success of BlockDAG’s Testnet is a significant factor in this momentum, showcasing its scalability and user-centric features. These developments are attracting both new and existing BDAG holders, positioning BlockDAG as a distinguished choice in the current crypto landscape.
The substantial whale involvement not only elevates market trust but also amplifies the demand for BDAG coins. With an increasing number of participants in the presale, the speculation around the coin’s potential to reach $30 by 2030 is intensifying.
The project now boasts over 140,000 unique holders, with each presale batch demonstrating considerable growth—from $0.001 in batch 1 to the current $0.0192 in batch 23, reflecting a 1820% increase in value, highlighting the project’s robust potential.
BlockDAG has now amassed $84.2 million across 23 presale batches, rapidly progressing towards its $600 million goal. With presale batches quickly selling out and BDAG's price escalating, traders are capitalizing on the opportunity to invest before the next major price jump. Now is an opportune time for buyers to acquire their stakes at a more accessible price before it escalates.
While XRP deals with setbacks following Ripple’s token release, leading to a temporary price dip, Sui (SUI) thrives on positive momentum, driven by a TVL surge and ecosystem expansion, nearing its all-time high. Amidst these market dynamics, BlockDAG’s presale has successfully raised a significant $3 million in just one day, driven by whale investments.
With presale batches being quickly purchased and demand for BDAG coins rising, early participants might witness substantial returns as BlockDAG affirms its place as a leading Layer 1 crypto project in the field.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
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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.
