In 2024, BlockDAG is stealing the spotlight with its explosive presale success, nearing $70 million, and a string of multi-million dollar partnerships with major sports teams like Borussia Dortmund and Inter Milan. These deals are not just about branding—they’re strategic moves to expand BlockDAG’s influence beyond the blockchain space, positioning it as a potential powerhouse in the crypto world.
With its DAG-based algorithm promising superior speed and security over competitors, BlockDAG is quickly becoming a hot topic among investors who believe it could be the next crypto to hit $1. Meanwhile, Ethereum and Binance’s Total Value Locked (TVL) have grown significantly, but Ethereum is struggling to keep pace with Bitcoin’s dominance in the ETF market, facing outflows and lower investor enthusiasm.
Binance Coin (BNB) at a Critical Crossroad
Binance Coin (BNB) recently broke above a descending resistance line, climbing to $599 before pulling back to $567.30. This retracement is a crucial test to see if BNB can hold the breakout level as support, which could confirm a continued uptrend. If BNB maintains above this support, it might target higher levels around $598.90 and possibly $652.90.
However, technical indicators are sending mixed signals. The RSI is dropping but remains above 50, suggesting selling pressure is increasing. Meanwhile, the Chaikin Money Flow shows some traders pulling liquidity, which could pressure BNB’s price further.
Additionally, the Total Value Locked (TVL) on the Binance Smart Chain has decreased, indicating potential selling pressure on BNB. Investors should keep an eye on whether BNB holds this support, as a failure could lead to a drop toward $522.90.
Why Everyone’s Talking About BlockDAG: The $69 Million Presale You Can’t Ignore
BlockDAG Network is setting the crypto world on fire, and if you haven’t jumped on this yet, you might be missing the next big thing! The buzz is everywhere—BlockDAG’s presale coin is nearing a staggering $69.5 million, all thanks to its revolutionary DAG-based algorithm that outshines both Kaspa and Bitcoin in speed and security. Investors are scrambling to get in as BlockDAG is making headlines with jaw-dropping partnerships that are turning heads globally.
First, it teamed up with UFC champ Alex Pereira as a Brand Ambassador, but the real game-changers are the deals with soccer giants Borussia Dortmund and Inter Milan. For Borussia Dortmund, BlockDAG shelled out over $10 million for a three-year partnership, landing prime advertising spots on big screens and LED walls during home games and a massive social media presence. The exposure to millions of die-hard fans across Europe could be a rocket fuel for BlockDAG’s brand!
And it doesn’t stop there. With Inter Milan, BlockDAG is the official Blockchain partner, giving it access to the legendary San Siro for high-profile B2B meetings and exclusive events. This isn’t just a sponsorship—it’s a strategic move to expand BlockDAG’s influence far beyond the blockchain world.
Whispers are already circulating about a third partnership that could dwarf the previous ones. With a $600 million hard cap goal now firmly in sight, the momentum is unstoppable. BlockDAG’s price has already skyrocketed from $0.001 to $0.0178—a jaw-dropping 1680% increase! Experts are saying this could be the next crypto to hit $1.
Ethereum ETFs Struggle as Bitcoin ETFs Soar
Ethereum ETFs are facing an uphill battle as they lag behind Bitcoin ETFs in attracting investor interest. While Bitcoin ETFs saw impressive inflows of $252 million, Ethereum ETFs recorded $5.7 million in outflows as of August 23. Notably, BlackRock’s ETHA saw no inflows, and while Fidelity’s FETH, Bitwise’s ETHW, and VanEck managed to capture some interest, it wasn’t enough to counter the trend of outflows.
Ethereum ETFs have struggled since their launch, with trading volumes on their first day reaching only a quarter of what Bitcoin spot ETFs achieved. This subdued market response highlights the challenge Ethereum faces in catching up to Bitcoin’s dominance in the ETF space.
Crypto Outlook 2024
As Binance Coin faces a crucial test of support, BlockDAG continues to build momentum with high-profile deals that could catapult it to new heights. Ethereum ETFs, on the other hand, must overcome significant challenges to compete with Bitcoin’s ETF success. Each of these assets presents unique opportunities and risks, highlighting the dynamic and rapidly evolving nature of the crypto market. For investors, staying informed and vigilant is key as these stories develop—whether it’s BNB’s price movements, BlockDAG’s ambitious expansion, or Ethereum’s quest to close the ETF gap, the next big opportunity could be just around the corner.
Join BlockDAG Network:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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