The crypto market is currently facing a downturn, with significant volatility affecting most major coins, including Dogecoin and Dogs. Amid these challenging conditions, traders are shifting their focus to cryptocurrencies that offer long-term growth potential. One standout is BlockDAG, which, despite its early presale stage, has already surpassed established market leaders in attracting investments and interest. With over $71.6 million raised and early backers enjoying a remarkable 1680% profit, with potential for 30,000x returns possible, BlockDAG’s momentum is undeniable. This project continues to expand its influence, securing major deals with top soccer clubs like Inter Milan and Borussia Dortmund. These partnerships, coupled with potential deals with a Premier League club, highlight BlockDAG’s ambition and growing stature, as recently featured on Fox News. Keep an eye on this network as one of the top cryptos to watch!
Dogecoin Prediction: Signs of a Rebound?
Dogecoin spent much of August stuck in a tight $0.10 range but recently attempted a breakout, jumping 8.5% to peak at $0.114. According to Twitter analyst Ali Charts, Dogecoin’s price shows a bullish divergence with its Relative Strength Index (RSI) on the 4-hour chart, hinting at a potential rebound. The RSI, currently at 40, indicates the coin is in bearish territory but starting to recover.
Ali Charts also pointed out a TD Sequential buy signal, which appeared after a series of nine consecutive candles closed lower, flashing a possible price reversal. Dogecoin’s support level at $0.094 has been tested, with the price bouncing off this point. If it breaks through resistance at $0.098, traders could see a rise toward $0.100 or higher, fueling optimism for the coin’s recovery.
DOGS Market Cap Faces Sharp Decline
The price of DOGS has dropped by over 38% from its recent high, now trading at $0.0011, its lowest point since August 26. This drop coincides with a significant decline in trading volume, which fell to $490 million, down from $1.8 billion just a week ago. The decreasing volume suggests fading investor interest, and the futures open interest has followed suit, falling to $118 million from last week’s $149 million.
Several factors have contributed to this decline. The initial surge following the arrest of Telegram founder Pavel Durov has waned, and overall sentiment in the crypto market has dampened. Bitcoin’s range-bound performance has left altcoins, including DOGS, struggling to find direction. With the DOGS market cap suffering, there’s concern that the token could continue its downward trajectory in the near term.
Fox News Covers BlockDAG’s Mega Soccer Deals
BlockDAG has made significant moves in the sports world, securing major sponsorship deals with top European soccer clubs, Inter Milan and Borussia Dortmund. The partnership with Borussia Dortmund involves a $10 million commitment over three years, placing BlockDAG’s branding across the stadium and social media platforms. Similarly, BlockDAG has committed another multi-million deal with Inter Milan for prominent marketing opportunities. These deals highlight the project’s ambition to expand its influence in mainstream industries, especially through sports marketing.
Adding to its growing reputation, BlockDAG was recently featured by Fox News, further underscoring its rising prominence in the crypto space. This coverage marks an important step in the project’s push to become a tier 1 cryptocurrency. Such visibility not only attracts new backers but also solidifies BlockDAG’s position as one of the cryptos to watch. The coverage also talked about how BlockDAG is one of the few crypto brands to engage with the global soccer audience along with major names like Coinbase, Kraken and Gate.io. Being talked about in the same breath alone shows how far the project has risen.
These deals and media exposure have inevitably driven BlockDAG’s presale success, with over $71.6 million raised till now. Early backers have already seen 1680% returns, with potential for 30,000x returns, showing the project’s potential for long-term growth. As BlockDAG continues to gain traction, its position in both the crypto and sports worlds makes it a standout among upcoming blockchain projects.
Key Insights
While Dogecoin shows some promise with a potential rebound and DOGS market cap continues to struggle, BlockDAG shines with its strong momentum. Optimism around the project is fueled by over $71.6 million raised in presale and a 1680% return for early backers. The project’s strategic soccer partnerships with Inter Milan and Borussia Dortmund position it as one of the top cryptos to watch. Moreover, the project getting featured on Fox News is a testament to its growing prominence and tier 1 status. While Dogecoin prediction suggests a possible recovery, BlockDAG’s long-term potential stands out, making it a solid contender in today’s market.
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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