A Keynote from the Moon: BlockDAG’s 2 Keynote & $40.8M Presale Milestone Outshine Ethereum Price Surge & Solana Address
June 3rd, 2024 at 6:30 pm UTC · 3 mins read
/BlockDAG/ – Recently, Ethereum has experienced an increase, primarily driven by speculation that the U.S. SEC might soon greenlight the first spot of Ethereum ETFs. Meanwhile, following a rise in Solana addresses, Sol’s price saw a notable surge above its 20-day moving average.
On the other hand, BlockDAG reaches new heights with the release of its lunar Keynote 2. This keynote delves into the launch of the X1 app, blockchain updates, the low-code/no-code smart contracts platform, global marketing updates, and more. It highlights the innovations and milestones that have propelled presales to over $40.8M, selling over 10.6 billion coins, and outshining even the best crypto ETFs.
Ethereum Price Rises on ETF’s Approval
Ethereum price surged amid the U.S. SEC approval for Ethereum ETFs’ first spot. Bloomberg analysts raised their ratings, boosting market sentiment. This optimism has increased Ethereum’s price and overall cryptocurrency market capitalisation. The ETF approval is an important event for mainstream financial acceptance, potentially attracting more institutional investors and pushing Ethereum’s surge even more, with recent data showing notable liquidations on speculative positions.
Solana’s Surge Triggers Heavy Liquidations
Solana’s price surged this month, but the increase triggered heavy liquidations, predominantly bearish trades. In the past 24 hours, Solana’s price rose above a resistance level, leading to significant liquidations. Although on-chain metrics indicate rising market interest with more new and active Solana addresses, more is needed to sustain the bullish momentum.
Despite a jump in trading volume and a bullish long/short ratio, the current price of Solana at $180.3 faces potential declines. A retreat could see support levels at $159 or even $137.
BlockDAG Releases It’s Lunar Keynote
BlockDAG has just crossed a major milestone with its lunar Keynote 2 release, sparking a surge in interest. Key announcements included the early Mainnet launch in mid-August, EVM compatibility, bug fixes, and over 10 payment options adoption, including Ethereum, USDT, and BNB. Endorsements from Cointelegraph, Forbes, and Bloomberg have amplified excitement, boosting presale success and speeding up its completion.
Moreover, the keynote’s highlights featured the release of the X1 App beta, blockchain updates, and the unveiling of BlockDAG’s all-human Team DOX. In addition, global marketing updates and significant roadmap enhancements were emphasised, showcasing the project’s progress and future potential.
Furthermore, the low-code, no-code capabilities simplify decentralised application development within the BlockDAG ecosystem. This approach benefits smart contracts, meme coins, and NFTs by allowing users to create and deploy applications through drag-and-drop interfaces instead of traditional coding. It enables faster prototyping and reduces development time, which is crucial for staying competitive in the fast-paced crypto market.
In Conclusion
While Solana’s price surge has triggered significant liquidations, leading to a cautious market sentiment despite rising new and active addresses, Ethereum’s recent performance also adds to the competitive landscape.
However, BlockDAG has truly captured the spotlight. Its lunar keynote 2 release, coupled with a presale surge exceeding $40.8 million and the sale of over 10.6 billion coins, has outshone other developments in the crypto market. BlockDAG’s innovations, such as the X1 app beta and a low-code/no-code platform for smart contracts, highlight its rapid progress and potential. This impressive momentum, boosted by strong industry endorsements, positions BlockDAG as a formidable player in the blockchain landscape, stealing the show from its competitors.
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