In the ever-fluctuating crypto market, stalwarts like Chainlink (LINK) and Near Protocol (NEAR) are currently experiencing their share of ups and downs. While LINK maintains its position at crucial support levels, NEAR teases with signs of an upcoming leap. However, the buzz is really about BlockDAG and its significant new agreement that’s catching the market’s attention.
In its preliminary presale phase, BlockDAG has impressively amassed over $69.3 million, delivering early backers a stunning 1680% return. By forming a strategic alliance with Inter Milan, one of Italy’s premier soccer teams, BlockDAG is fast becoming a notable name in the altcoin sphere.
Chainlink (LINK) Faces a Tough Resistance
Chainlink is currently battling to break the $12.35 resistance mark, despite a brief uptick in bullish behavior recently. However, optimism is waning as indicated by a dip in weighted sentiment. The LINK’s Network Value to Transactions (NVT) ratio is peaking, a sign that might point to the coin being potentially overvalued relative to its actual network activity.
Predictions suggest that LINK might see a pullback to $10.79, and perhaps even down to $10.00 if market pressures intensify. Conversely, sustaining the $10.79 level could set LINK up for a rebound to challenge the $12.35 mark and potentially ascend beyond $13.00, potentially overturning the current bearish narrative.
NEAR Protocol’s Mixed Signals Amid Advances
NEAR Protocol is drawing attention with its total value locked (TVL) spiking to over $654 million, marking its highest point since July. This uptick is largely propelled by the influx into its DeFi applications, such as Burrow Finance which alone has risen by 23% recently. These inflows coincide with the Nightshade 2.0 update, enhancing the platform’s scalability and sharding features.
Despite these promising developments, NEAR’s price trajectory remains bearish, currently trading at $4.83, a drop from a recent high of $5.22. Although it hovers just above its 50-day moving average, breaking free from its downward channel remains a challenge. This scenario underscores NEAR’s potential, yet achieving a bullish reversal requires overcoming significant resistance.
BlockDAG’s Strategic Triumph with Inter Milan
BlockDAG is positioning itself as one of the prime altcoins for consideration, particularly with its robust moves in the marketplace. Now in its 22nd presale phase, the initiative has already raised a significant $69.3 million. Early buyers have enjoyed returns of 1680% since the inception, underscoring a growing excitement around the venture.
The collaboration with Inter Milan not only boosts BlockDAG’s visibility but also marks a strategic stride forward, making BlockDAG the team’s first blockchain partner. This partnership extends to prominent branding placements within the iconic San Siro stadium and across Inter Milan’s digital outreach, engaging millions globally.
This partnership is more than a visibility campaign; it’s a strategic endeavor to widen BlockDAG’s reach, particularly in Europe. Leveraging Inter Milan’s extensive global fanbase, BlockDAG is poised to introduce a broader demographic to the possibilities within the cryptocurrency sphere.
Concluding Thoughts
As Chainlink grapples with resistance and NEAR navigates through its market challenges, BlockDAG is emerging vibrantly with its strategic alliance with Inter Milan. With the presale already pulling in $69.3 million and yielding significant returns for early buyers, BlockDAG’s trajectory in the crypto marketplace is increasingly promising. This partnership not only strengthens its market presence but also provides unique opportunities for brand expansion and engagement.
As the presale momentum continues, BlockDAG stands out as a compelling player in the market, distinguishing itself amidst the ongoing developments in Chainlink and NEAR Protocol.
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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