Press Release

AVAX Slips, Bitcoin Rises With ETF Boost, & BlockDAG’s Keynote Highlights 30,000x ROI Promise

Avalanche (AVAX) is currently facing a drop in demand, casting doubt on its potential rally. In contrast, Bitcoin is on the rise, bolstered by significant capital inflows from the BlackRock Bitcoin ETF. Amidst this mix of market movements, new ventures are attracting more investments and gaining traction.

Among these, BlockDAG is making a notable mark as a premier layer-1 project. At its recent keynote, BlockDAG highlighted its technological capabilities, particularly the X100 crypto miner, which promises returns of up to 30,000x. This announcement has propelled BlockDAG’s presale past $48.5 million, solidifying its position as a top contender in the crypto investment field.

AVAX Price Struggles During Market Correction

Avalanche (AVAX) is facing a downturn, with the market undergoing minor corrections. AVAX’s price is stuck between its 50-day moving average of about $36.97 and its 200-day moving average of $36.81. The Relative Strength Index of 49.63 indicates a neutral position, showing no clear trend.

To escape this range, AVAX needs to consistently close above the MA50. Failure to do so could lead to a drop to lower support levels, potentially around $35.50. Additionally, a noticeable decline in social volume suggests reduced interest and a possible slowdown in market activity.

Bitcoin Gains with BlackRock Bitcoin ETF

Bitcoin is on the rise, significantly aided by the BlackRock Bitcoin ETF. BlackRock’s iShares Bitcoin Trust has amassed an impressive $19.5 billion in net assets, narrowly surpassing Grayscale’s $19.3 billion due to its lower fees attracting more investors.

In contrast, Grayscale has seen outflows of about $17.7 billion this year, while BlackRock has enjoyed inflows of around $16.5 billion. Other funds, like Fidelity’s Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF, also draw more investors with their competitive fees. Leading the pack, BlackRock’s iShares Bitcoin Trust underscores the crucial role of fee structures in drawing investments in the competitive Bitcoin ETF market.

BlockDAG: Keynote Reveals 30,000X ROI Potential

BlockDAG is making swift strides, emerging as a leader in the crypto investment space. During its recent second keynote, BlockDAG showcased its cutting-edge X100 crypto miner, which boasts a 2 TH/s hash rate and consumes 1800W. This miner has captured the crypto community’s attention with its potential to generate massive returns. The keynote also unveiled the X1 App beta, provided updates on the blockchain, and introduced the all-human Team DOX.

Remarkably, BlockDAG’s presale has surpassed $48.5 million, with over 11.2 billion coins sold at $0.0122 each in 18 batches. The project’s visibility received a major boost from a high-profile advertising campaign, including a notable feature in London’s Piccadilly Circus. These efforts highlight BlockDAG’s growing influence and potential within the crypto market.

With the mainnet launch expected in the next four months, BlockDAG’s roadmap includes continuous development updates, an extensive acyclic graph implementation, and a DAG-based Proof of Work consensus.

Furthermore, These enhancements promise improved network security, scalability, and rapid transactions. BlockDAG’s innovative approach and robust market presence are drawing investors eager for the next breakthrough in the crypto world.

Final Call

As Avalanche (AVAX) struggles with price consolidation and Bitcoin benefits from the BlackRock Bitcoin ETF, BlockDAG stands out as the top crypto investment. BlockDAG’s presale, raising over $48.5 million, showcases strong investor enthusiasm. The recent keynote highlighted the X100 miner, boasting a 2 TH/s hash rate and the potential for 30,000x returns. These technological advancements and ambitious growth forecasts make BlockDAG a highly attractive option for investors seeking substantial returns and innovative solutions in the cryptocurrency market.

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