Bitcoin Cash (BCH) recently dropped 13% over eight days, hitting a weekly low. If the current trend continues, BCH’s price may fall to successive support levels. Meanwhile, Fireblocks announced its integration with the Cosmos ecosystem, utilizing the decentralized exchange (DEX) and DeFi hub, Osmosis.
Conversely, BlockDAG (BDAG) launched its updated Keynote 2, dubbed ‘from the moon,’ showcasing major milestones. Supported by leading crypto influencers, the presale exceeded the $41.9 million mark, selling over 10.8 billion coins at a price of $0.0095 each in batch 16. BlockDAG is emerging as one of the top-performing cryptocurrencies, with investor and developer interest surging due to its innovative technology and high return potential. The coin has seen an 850% growth from Batch 1 to Batch 16 and has also collected $3 million from miner sales, selling over 7,100 miners.
Bitcoin Cash Declines Amid Market Consolidation
Bitcoin Cash (BCH) has hit a new weekly low, dropping 13% over eight days. Bulls are working to prevent further declines in Bitcoin Cash prices. The downturn follows the SEC’s approval of Ethereum ETFs, leading to market consolidation.
Active BCH wallets have significantly decreased, reflecting negative market sentiment. Technical indicators suggest a potential further drop if current support levels fail. The bearish trend could push BCH’s price toward lower support levels if the trend continues. Trading derivatives carries high risks and should be approached with caution.
Fire blocks Join Forces with Cosmos Ecosystem
Fireblocks, a top digital asset custody platform, has integrated with the Cosmos (ATOM) ecosystem, using the DEX and DeFi hub, Osmosis. This move will significantly enhance DeFi functionalities for Fireblocks users. Osmosis, a key cross-chain DEX and DeFi hub within Cosmos has managed over $33 billion in trading volume and connected more than 90 blockchains to its app chain.
This integration provides a comprehensive user experience, often surpassing centralized exchanges, by offering a wide range of DeFi applications that blend native features with third-party integrations. The Fireblocks and Cosmos integration via Osmosis marks a significant advance in the DeFi space, providing users with secure and efficient ways to engage with decentralized finance.
BlockDAG’s Keynote 2 Sparks Investor Enthusiasm
BlockDAG’s second keynote, gaining recognition from Forbes and Bloomberg and support from top crypto influencers, highlights significant achievements. Key updates include the launch of the X1 App’s beta version, blockchain advancements, and enhanced global marketing strategies. Over 45 development updates have been released, focusing on an efficient DAG implementation supporting multiple transaction confirmations simultaneously.
The mainnet launch is planned for the next four months. Currently raising $500,000 daily, analysts predict BlockDAG’s daily earnings to reach $5 million. Plus Wallet will be the exclusive partner for the launch. The presale accepts over 10 payment methods, including USDT, Ethereum, and BNB. Upcoming releases include a DOXing video, a development documentary, and a $2 million reward for 50 early adopters, with over 60,000 entries already received.
Additionally, BlockDAG has introduced a Low Code/No Code platform to simplify software creation. This platform enables users to create, manage, and deploy software applications by dragging and dropping components instead of writing code, streamlining development within the complex ecosystem of decentralized applications on BlockDAG blockchains.
Last Line
While Bitcoin Cash faces a bearish trend, potentially lowering its price support levels, the broader crypto ecosystem continues to evolve. Fireblocks’ integration with the Cosmos ecosystem and BlockDAG’s successful keynote video highlight the market’s dynamic nature.
BlockDAG stands out with its impressive presale achievements and growing recognition, positioning itself as a leading cryptocurrency with a promising future. BlockDAG’s introduction of a Low Code/No Code platform further simplifies app development, making it more accessible and fostering innovation.
Join BlockDAG Now!
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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