As the final quarter of 2024 begins, attention shifts to which cryptocurrencies will lead the market. Litecoin shows promise for near-term growth, with recent market trends suggesting a potential rise to $92. Meanwhile, Chainlink saw a 5% price drop this past week, driven by a slowdown in major buyer activity.
On the other hand, BlockDAG is making waves. During its presale, it raised $10 million in just three days, reaching a total of $92 million. With the 24th batch now live, BlockDAG’s momentum in the crypto space continues to accelerate.
Potential Decline to $7 for Chainlink
The price of Chainlink has fallen by 5.81% over the past week and is now below crucial support levels, indicating a strong downward trend. Technical analyses suggest continued downward pressure.
The reduced activity from significant market players hints at dwindling interest, possibly stabilizing LINK around $10.00 shortly. However, the trend might push it down to $8.00 or even to $7.00 under tougher market conditions.
Optimistic Outlook for Litecoin
Litecoin’s market actions hint at potential short-term growth, contributing to a positive outlook. After maintaining around $63 since August, it surged past a symmetrical triangle pattern to $71, though it met resistance. Currently, Litecoin is testing ascending support, with projections pointing towards $92 as a possible next target, potentially reaching $100 if the rally intensifies.
This upward movement may represent the third wave of a new uptrend, though the recent setback suggests it might still be in a correction phase. A surge past $71 would confirm bullish momentum, whereas a failure could result in a drop below early August figures.
BlockDAG’s Presale Hits Over $92M as Big Players Engage
BlockDAG recently achieved an impressive milestone, raising $10 million in just 72 hours during its presale, bringing the total to $92 million. With the 24th batch now active, the presale draws the attention of major stakeholders who recognize BlockDAG’s solid foundation, ambitious goals, and innovative technology. This strong interest highlights the project’s potential and reinforces its long-term value and growth prospects.
The rapid progress of the presale also points to a significant increase in the coin’s value, offering notable returns for early backers. Initial participants already saw a staggering 1960% gain on their original assets. As excitement builds around the project, experts predict the coin could reach $20 by 2027, adding to its appeal for those seeking substantial long-term gains.
For traders looking for a project with promising potential and proven performance, BlockDAG has proven itself to be a top contender. With the coin currently priced at $0.0206, its value is expected to rise as additional batches are released, attracting even more attention from the broader market.
The Crypto to Lead in 2024?
While Chainlink aims for a recovery of $10, a further drop could take it down to $7. Litecoin may see growth if it surpasses the $71 resistance. The prospects for BlockDAG are exceptionally bright.
With one of the largest presales in crypto history and strong future prospects, it’s poised to dominate the market in the upcoming months. Major players are rapidly taking positions in the 24th presale batch, and the current price levels are expected to rise as demand increases.
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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