As the cryptocurrency market stabilizes, Ethereum and Near Protocol have experienced significant movements, drawing in more activity. Amidst these market shifts, BlockDAG stands out with its innovative layer 1 network and newly launched testnet, which has been met with significant enthusiasm.
In the early stages of its presale, BlockDAG has raised over $77.7 million, surpassing other market leaders in terms of growth and engagement. With the introduction of the BDAG50 bonus code just before a significant rebrand, BlockDAG is capturing a lot of attention and is poised for even greater success.
Ethereum’s Surge Benefits Lido Finance
Lido Finance has enjoyed a boost, with its total value locked (TVL) reaching $25.18 billion as of September 23, largely thanks to Ethereum’s price surge. However, despite the overall growth, there was a withdrawal of 26,528 ETH during the same period, suggesting some users are pulling back.
The seven-day average percentage rate for staked Ether (stETH) has increased to 3.17%, reflecting higher network activity and increased staking rewards. Trading volume for stETH and wrapped stETH (wstETH) also rose by 27.49% to $920.29 million, signaling growing liquidity. However, there was a slight decline in bridged wstETH, with notable shifts in holdings across networks, indicating evolving strategies among decentralized finance (DeFi) users.
NEAR Protocol Shows Bullish Signs
Near Protocol recently made a significant move by breaking out of a descending channel it had been in since May. Just four days ago, the token’s price rose above this channel, signaling a potential shift in trend. After briefly retesting this level the next day, the price has continued to climb. Over the last two days, Near Protocol’s token has surged by over 20%, maintaining strong momentum.
Analysts are now watching critical price levels closely. The token has surpassed the $5.00 mark, now serving as a new support level on the daily chart. If this holds, the price may continue to rise. Key resistance levels to monitor are $5.70, $6.40, and $7.10. Overcoming these could potentially push the price toward around $8.20. Conversely, if it fails to break through these resistances, the price might fall back to test lower levels.
BlockDAG Unveils Testnet and Offers 50% Bonus Ahead of Rebrand
BlockDAG has some thrilling updates: on September 20, 2024, they launched their testnet along with a blockchain explorer, bringing them a step closer to their mainnet release. This development allows the community to dive into and interact with BlockDAG’s blockchain, giving them a firsthand look at what the team has been building. Now, users can actively test the network’s capabilities and explore its innovative features.
The testnet introduces several exciting tools for users. The blockchain explorer provides detailed information about blocks, including size, timestamp, and transaction details. It supports both UTXO and account-based addresses and is compatible with the Ethereum Virtual Machine (EVM), allowing users to track transactions in real time. This functionality ensures a smoother and more interactive experience for everyone involved.
Users can mint their own BDAG coins on the testnet using a blockchain faucet and manage them through the MetaMask wallet. There are options to test smart contracts as well—you can experiment with minting NFTs, staking coins, or even burning tokens. Real-time transaction monitoring helps keep users informed about the latest network activities, boosting engagement and interaction with the platform.
Adding to the excitement, BlockDAG is gearing up for a major brand refresh that promises to bring fresh changes to both the website and the platform. To celebrate these upcoming enhancements, they’re offering a 50% bonus on all coin purchases until October 14th. By using the code ‘BDAG50’ at checkout, users can take advantage of this great deal. This promotion is significantly enhancing the presale’s success. With these developments, BlockDAG is quickly becoming one of the top cryptocurrencies to consider.
Final Overview
While the recent price surge of Ethereum and the market breakout of Near Protocol are catching the market’s eye, BlockDAG is swiftly emerging as a significant player in the crypto scene. With over $77.7 million already raised and early participants seeing substantial returns, BlockDAG is drawing considerable attention.
The network is on the brink of a major rebrand, promising exciting updates to its website and platform. In celebration of these changes, BlockDAG is extending a 50% bonus on all coin purchases using the code ‘BDAG50’ until October 14th. This limited-time promotion is generating a lot of enthusiasm, positioning BlockDAG as a prime crypto choice for those looking to explore new opportunities.
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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