As October, now dubbed ‘Uptober’, winds down, several cryptocurrencies are experiencing significant upward momentum. Solana (SOL) has seen a notable increase over the last 24 hours, though it faces hurdles in surpassing key resistance levels. DYDX, after a substantial rally, may see a downturn as traders start to secure profits.  

In the meantime, BlockDAG (BDAG) is making strategic moves likely to further propel the project. Having reached $105 million in its ongoing presale, BlockDAG has welcomed a new CTO, Jeremy Harkness. With all initial targets achieved, many are curious about the project’s next strategic milestones.

Solana Price Forecast: Will Solana Surpass the $180 Mark?  

Solana’s recent market activity is drawing considerable attention, with experts split on whether it can surpass the $180 threshold. Currently priced at around $169.46, Solana has enjoyed a 6.57% rise in the last day alone. The uptrend is supported by robust on-chain activities and Solana’s historical performance during October.

However, caution prevails among traders as SOL approaches the $170 to $180 resistance zone. Failure to breach this barrier could lead to a retraction towards $160, or potentially as low as $127, particularly if the wider market turns bearish.

DYDX Price Tempers After 32% Rally as Traders Begin to Secure Profits  

DYDX experienced a dramatic 32% increase over the weekend, spurred by the enthusiasm surrounding the DYDX Day event in Dubai. This initial excitement is now tempered by an onset of profit-securing, contributing to a 6% decrease post-rally.

With technical indicators like the Relative Strength Index (RSI) pointing to overbought conditions—a common precursor to a price correction—DYDX may struggle to maintain its current support level at $1.16. A drop below this could see prices fall to $0.91. Conversely, if it holds, there might be another opportunity for DYDX to challenge the $1.33 resistance level.


Jeremy Harkness Joins BlockDAG as CTO

BlockDAG has captured significant attention with its presale achievements, already reaching a striking $105 million. This milestone distinguishes it within the competitive cryptocurrency landscape. The presale’s appeal among prominent early adopters and enthusiasts signals a strong belief in BlockDAG’s potential for substantial growth in 2024.

Currently priced at $0.022, BlockDAG has sold over 14.6 billion coins since the presale launch, delivering a remarkable 2100% return to its earliest backers. This growth trajectory has been further enhanced by the appointment of Jeremy Harkness as Chief Technology Officer (CTO). Harkness brings a wealth of experience in scaling blockchain networks and is poised to be pivotal in steering BlockDAG through its forthcoming development phases. His expertise aligns seamlessly with the project’s ambitious goals to advance its technological base and expand its ecosystem.

A recent promotional video highlighting BlockDAG’s capabilities has intensified the community’s enthusiasm, propelling even greater interest in the project. As the presale progresses, now in its 25th batch with nearly $105 million raised, BlockDAG’s momentum seems unstoppable, bolstering its status as a top crypto choice for many enthusiasts.

The Bottom Line

The final quarter of the year has started vigorously, with the general cryptocurrency market experiencing an uptick in activity. While Solana and DYDX have also seen increases, they face challenges such as resistance levels and the tendency for early profits to spur selling, which could affect their price stability.

In contrast, BlockDAG continues to demonstrate robust performance and adherence to its goals. The presale has been a resounding success from the start, rapidly gaining financial traction and expanding its buyer base. With the strategic addition of Jeremy Harkness as CTO, BlockDAG is well-equipped to maintain its strong performance and potentially accelerate further, making it a standout in the current crypto landscape.

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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