A 5% drop in Bitcoin Cash prices followed the start of the Mt. Gox repayment initiative, while Chainlink’s (LINK) availability on exchanges fell from 23.0% to 21.4%, hinting at upcoming bullish trends. Amid these fluctuations, BlockDAG emerges as a standout with its leadership announcements causing a stir in the cryptocurrency community.

Subsequent to this unveiling, CEO Antony Turner provided key insights during an interview about BlockDAG’s objectives and capabilities. Following this event, the presale for BlockDAG surged, reaching a remarkable $64 million as it raised $1 million in just one day during Batch 21. The batch saw prices increase from $0.0164 to $0.017, marking BlockDAG as a prime crypto project to watch.

Bitcoin Cash Faces Downward Pressure from Mt. Gox Payouts

Recently, the price of Bitcoin Cash has felt the weight of increased selling, declining by 5% to $368 after Mt. Gox began disbursing BCH and BTC through Kraken. Kraken CEO David Ripley confirmed the distribution of 48,641 BTC, and a significant BTC transfer to Bitstamp also played a role in market fluctuations. Despite the downturn, a potential rally to $529, or 41%, could materialize if the bullish reversal pattern on the charts takes hold.

Over the past month, Chainlink’s (LINK) exchange-held supply dropped significantly from 23.0% to 21.4%, suggesting a likely bullish uptick. This supply reduction reflects historical trends where LINK previously surged by 123%. Current technical indicators, including the TD Sequential buy signal and a completed falling wedge pattern, signal a potential reversal to bullish momentum.

BlockDAG’s CEO Antony Turner Outlines Vision 

BlockDAG recently showcased its core leadership, including CEO Antony Turner, CSO, and board advisors, crucial to the network’s commitment to transparency and community involvement. Post-reveal, Turner delved into his crypto journey, highlighting the challenges and innovations that influenced his career. He stated that the project aims to launch a DAG chain overcoming current chains’ limitations in speed, decentralization, and efficiency, likening his role to a sports team captain steering his team through obstacles.

Turner’s extensive background from co-founding a crypto index fund to leading digital asset firms illustrates his vision for a blockchain that harmoniously integrates with traditional finance, promoting a unified and efficient system. He emphasized BlockDAG’s commitment to adopting top innovations from various chains to enhance transaction speed and efficiency while ensuring decentralization.

BlockDAG’s approach leverages directed acyclic graph (DAG) technology, facilitating concurrent transactions and addressing traditional chains’ speed and cost issues. With a focus on continuous improvement and transparency, BlockDAG aims to draw developers and build a strong ecosystem. A focus on technology gives BlockDAG continued utility which can boost its demand and make the project a top investment option. 

The presale’s success, with over 92,000 participants and $64 million raised, underscores strong investor confidence. Now in Batch 21, BDAG coins are priced at $0.017, showing a 1600% increase from Batch 1. As BlockDAG eyes a $600 million goal, Turner expresses appreciation for the ongoing support and outlines plans, including exchange listings and fostering third-party projects on BlockDAG’s platform.

Final Verdict

Under CEO Antony Turner’s guidance, BlockDAG is poised as a transformative blockchain project, committed to pushing the boundaries of innovation and efficiency. Amid the market dynamics of Bitcoin Cash and the bullish indicators for Chainlink, BlockDAG distinguishes itself as a leading crypto project with substantial growth prospects. As it continues its presale coin success, BlockDAG stands out as a project that can yield investors class leading returns as it races to its $600 million presale goal.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

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