ETH Whales Pick BDAG After Testnet Launch – XRP Turns Bearish

XRP Turns Bearish & Ethereum Whales Unload, But BlockDAG’s Testnet Fuels Massive ROI Hopes

Ethereum whales have caused a stir by selling over $490 million worth of ETH in the past week, resulting in a 3.2% price drop. Simultaneously, XRP has fallen below $0.60, struggling in a bearish market as it faces increasing downward pressure.

In contrast to these trends, BlockDAG is gaining significant traction with its recent Testnet launch and a $76.2 million presale. The Testnet allows developers to dive into the project’s decentralized and secure ecosystem, fueling excitement.

Experts predict that the rising interest in BlockDAG could drive further success in its presale, potentially offering early participants ROIs of up to 20,000x. The key question now is whether BlockDAG could be the next major player in the crypto market.

In the past week, Ethereum whales have unloaded over $490 million worth of ETH, causing a notable shake in market confidence. This large-scale sell-off triggered a 3.2% drop in Ethereum’s price, which is now hovering around $2.3k. The timing, involving prominent figures like Vitalik Buterin, has raised concerns among smaller market participants.

With Ethereum’s volatility on display, many are reconsidering their strategies and turning their attention to presale coins as alternative options. The sell-off also coincides with disappointing performance from Ethereum ETFs, which saw more than $562.5 million in outflows, adding to the growing uncertainty surrounding Ethereum in the current market.

XRP has fallen below crucial support levels, now trading at $0.59, and continues to face significant downward pressure. The inability to hold above the $0.60 resistance level is causing concern among traders. The drop below the key $0.5720 threshold, along with bearish technical indicators like the MACD and RSI below 50, suggests that further declines may be on the horizon.

Despite Ripple’s recent legal victory over the SEC, XRP’s price has not seen the positive response many anticipated. The token remains under pressure, even as the broader crypto market shows signs of recovery. With technical challenges overshadowing its legal win, caution remains as traders weigh whether XRP can overcome its current slump.

BlockDAG has captured the attention of crypto analysts with its strong market performance, positioning itself as a potential frontrunner in the space. This Layer 1 blockchain project recently launched its highly anticipated Testnet, offering developers and blockchain enthusiasts a chance to explore its decentralized platform.

Holders with 7,500 BDAG coins or more can now migrate their assets from the Devnet to the Testnet, gaining access to features like the Blockchain Explorer and Faucet. This hands-on experience allows developers to test BlockDAG’s decentralization claims and further solidify the platform’s credibility. 

The launch of the Testnet also provides a robust technical foundation, giving BlockDAG a distinct advantage in the competitive and expanding blockchain market.

One standout feature of BlockDAG’s Testnet is its integration with MetaMask Wallet, enabling users to easily send and receive BDAG coins. The Testnet also includes a Blockchain Explorer, which offers participants detailed transaction data, ensuring transparency. Additionally, the platform’s ability to test smart contracts makes it especially appealing to developers interested in minting NFTs or exploring staking options. This interactivity broadens BlockDAG’s appeal, particularly among early adopters.

The Testnet launch coincides with BlockDAG’s impressive presale performance, having raised $76.2 million so far and sold over 13.1 billion BDAG coins. Early holders have seen gains as high as 1820%, fueling excitement around the project.

With each presale batch driving the price higher, the buzz surrounding BlockDAG continues to grow. Experts are predicting significant returns, with some projecting the BDAG coin could reach a $20 price by 2027. As Testnet adoption increases and the presale progresses, many believe this could be an opportune moment for those looking to capitalise on future gains.

While Ethereum faces selling pressure and XRP grapples with technical difficulties, BlockDAG is forging its own path in the cryptocurrency space. The launch of its Testnet offers developers a hands-on opportunity to explore the platform’s capabilities, capturing attention from both tech enthusiasts and market analysts.

As Ethereum whales continue offloading assets and XRP struggles to regain momentum, BlockDAG’s presale success points to a promising future. Having raised $76.2 million in just a few months, BlockDAG is quickly emerging as one of the most talked-about projects in the crypto market, with some projections suggesting up to 20,000x ROI for early participants.

Join BlockDAG- Act Now Before Prices Increase:

• Presale: https://purchase.blockdag.network
• Website: https://blockdag.network
• Telegram: https://t.me/blockDAGnetwork
• Discord: https://discord.gg/Q7BxghMVyu

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post ETH Whales Pick BDAG After Testnet Launch – XRP Turns Bearish appeared first on The Merkle News.