Excitement Builds as BlockDAG Prepares to Rebrand; Presale Reaches $97M While TON Struggles & Injective Registers Progress
Last updated:
October 15, 2024 10:26 EDT
Editor for Partnerships
Mao Orillana
Editor for Partnerships
Mao Orillana
About Author
Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.
Author Profile
Share
Copied
Fact Checked by
Medb Kiely-Cuddy
Author
Medb Kiely-Cuddy
Author Profile
Last updated:
October 15, 2024 10:26 EDT
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. While it has undergone editorial review to ensure quality and relevance, it may not reflect the views of Cryptonews.com and is clearly distinguished from our independent editorial content.
The crypto market is seeing a lot of action, with each project navigating its challenges and opportunities. Popular crypto TON is facing a tough time as its transaction volume drops, with cheaper and faster networks taking the lead. Meanwhile, Injective (INJ) dipped to $20, but luckily whale investors stepped in to help.
On the flip side,
BlockDAG
’s presale is speeding toward the $100 million mark, and the launch of a rebranded website and platform is just around the corner. With huge demand and strong trader backing, BlockDAG is quickly becoming a breakout crypto in the market.
TON Struggles as Transactions Fall and Price Dips
The TON blockchain has seen a big drop in transactions lately, going from handling 50% of Layer-1 activity in September 2024 to just 30% by early October. At one point TON processed around 212.5 million transactions monthly, but it’s now being outpaced by faster and cheaper networks.
Things took a turn for the worse when Telegram’s CEO, Pavel Durov, was arrested, leading to a 25% drop in the value of Toncoin. This caused a wave of sell-offs and lower activity on the network. On top of that, TON’s price is struggling at $5.23, and technical indicators suggest it could fall even further if it loses more support.
Whale Action Boosts Injective Price Higher
INJ had a great run in September despite market volatility, surging over 40% to hit $23. However, a price correction in October brought it back down, cutting the rally short. The challenge now is getting past that $23 mark again.
Whale investors stepped in recently, helping the price bounce back to $20, which gave INJ a 7% boost. Moreover, the network burned 200K INJ tokens, which should help support long-term price growth. If the upward trend continues, INJ could aim for $30. However, there are still some risks such as a bearish trend that could slow down the rally’s momentum.
BlockDAG’s Rebranded Launch Sparks Excitement
BlockDAG is on an explosive growth trajectory as its presale rapidly approaches $100 million. This breakout crypto is not only capturing the spotlight with unprecedented whale activity and strong market demand, but it’s also prepping for the launch of its rebranded website and platform.
The upcoming changes are set to make it easier for traders and users to dive into everything the network has to offer, boosting BlockDAG’s visibility and positioning it as a top contender in the crypto space.
With the presale currently standing at almost $97 million and batch 24 almost sold out, BDAG holders and early backers are on the brink of getting massive returns when the next batch is rolled out. Right now, BDAG coins are priced at $0.0206 in batch 24, a 1960% price increase since batch 1.
The next batches will come with more price increases as BlockDAG inches closer to the $100 million mark. Achieving this historic milestone will bring more attention to the project, attracting new traders and pushing the platform’s growth further.
Moreover, the hype surrounding the rebrand and the new platform launch adds to the excitement, as early traders look forward to what comes next. If there’s one breakout crypto to keep an eye on, it’s BlockDAG. The presale surge and upcoming launch are setting the stage for something huge, and those who get in early could be looking at massive returns.
Final Thoughts on Breakout Cryptos
The crypto market continues to see a mix of challenges and opportunities across various projects. TON continues to struggle with a sharp decline in transaction volume and a drop in Toncoin’s value following the arrest of Telegram’s CEO, leaving the network in limbo. Meanwhile, Injective (INJ) shows resilience with whale activity boosting its price, but it still faces hurdles in breaking through key resistance levels.
On the other hand, BlockDAG is riding high with its presale nearing the $100 million mark and anticipation building for its rebranded website and platform’s launch. Early traders are already seeing impressive returns, and the rebrand will attract even more attention for this project. As BlockDAG prepares for its next big phase, it’s a breakout crypto worth keeping an eye on.
Visit BlockDAG
Discover More About BlockDAG:
Website:
https://blockdag.network
Presale:
https://purchase.blockdag.network
Telegram:
https://t.me/blockDAGnetworkOfficial
Discord:
https://discord.gg/Q7BxghMVyu
Follow us on Google News
