As the market goes red, major players like Chainlink and Fantom are feeling the stress, with bearish prospects for LINK and FTM. Amidst these developments, BlockDAG, a layer-1 project with a stellar presale, has become the preferred destination for inflows, beating market leaders with its long-term potential. BlockDAG’s high-tech Low Code No Code ecosystem has fueled its growth, offering crypto traders the potential for more than 30,000x ROIs. The presale has surged to over $55.4 million, driven by rising investor interest. Keywords: Chainlink Tokens Unlock, Fantom (FTM) Price, crypto traders.
Chainlink’s Recent Token Unlock and Market Impact
Chainlink recently unlocked 21 million LINK tokens, valued at $295 million, from five of its non-circulating supply contracts. This Chainlink tokens unlock led to 18.25 million LINK being sent to Binance, fueling speculation of a price dip. Currently, LINK trades at $13.64, edging closer to the support level at $13.5. If this support fails, LINK could potentially drop to $10.
The periodic unlocks have increased the circulating supply to over 600 million LINK. Despite the historical price stability during past unlocks, the current bearish market conditions might lead to a different outcome. With 391.5 million LINK still to be unlocked, the market remains cautious.
Fantom (FTM) Price and Market Dynamics
Fantom (FTM) saw strong buying momentum last November, but its price has struggled recently. After approaching the $1.20 mark in March, the price fell due to resistance and profit booking. FTM has since slipped below the major support level of $0.600 but stabilized around $0.500. Currently, Fantom (FTM) price is $0.559, with a market cap of $1.67 billion and a 24-hour trading volume of $257.56 million.
The Fantom Foundation announced a quarterly bonus of over 55,000 FTM to the top 12 dApps on the Opera network, boosting user engagement. Technical indicators like RSI and MACD suggest a potential bounce back if the price surpasses $0.600. If it remains below the 200-day EMA, the bearish trend might continue.
BlockDAG’s Low Code No Code Ecosystem and Presale Success
BlockDAG’s advanced low-code/no-code platform empowers users to create utility tokens, meme tokens, and NFTs easily. With a wide range of pre-designed templates, users can start projects that align with their vision and customize them to meet specific needs. This intuitive interface makes blockchain development accessible to users with varying technical expertise, accelerating project timelines and reducing time to market.
The platform’s innovative approach has been a key factor in attracting crypto traders, driving significant interest in its presale. BlockDAG has raised over $55.4 million, with its coin price surging 1300% from the initial batch price of $0.001 to the current batch price of $0.014 in batch 19. This impressive growth showcases the potential of BlockDAG to yield returns of up to 30,000x for early investors.
BlockDAG’s commitment to expanding its ecosystem extends beyond simplifying token and NFT creation. The platform supports decentralized application growth by providing a robust and scalable infrastructure, encouraging the development of various applications, from digital art marketplaces to tokenized asset platforms. This broadens the blockchain landscape and fosters a vibrant ecosystem of diverse new projects.
Key Insights
Chainlink and Fantom face short-term bearish trends due to token unlocks and resistance levels. In contrast, BlockDAG’s innovative low-code/no-code ecosystem positions it as a promising investment for crypto traders. BlockDAG’s presale has raised over $55.4 million, with a 1300% price surge from $0.001 to $0.014 in batch 19. This growth demonstrates its potential to yield 30,000x ROIs. For those considering new opportunities, BlockDAG’s strong performance and technological advancements make it a standout choice amidst the market downturns faced by Chainlink Tokens Unlock and Fantom (FTM) Price.
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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