It’s a tale of ups and downs this week as one of the biggest cryptos Ethereum is starting to lose popularity and users. Avax, on the other hand, is showing bullish signs and giving investors hope.
Meanwhile, BlockDAG has announced a $1 million giveaway for its holders, sending shockwaves through the crypto community! Both seasoned and new traders are chomping at the bit to get involved for their chance at winning a piece of the prize pot. The influx of new traders could lead to a rise in BDAG coin’s value, which is great news for early holders.
Ethereum Network Fees Up, Users Down
Ethereum is facing some tough times lately, with concerns about its fading popularity. The average transaction fee jumped from $0.85 on September 1 to $3.52, and the burn rate increased by 1600% over the same period.
Even though Ethereum is seeing spikes, the number of active Ethereum accounts has dropped. In fact, it’s down 11% in just a month, hitting a yearly low of 385,000 accounts. To make things worse, Ethereum’s market cap, compared to Bitcoin, recently hit its lowest level in three years. Ethereum still remains a major player in the crypto space, but many are questioning if its dominance is starting to slip.
AVAX Price Prediction Looks Bullish
Avalanche (AVAX) is showing strong bullish signs, with its price recently surpassing a key resistance zone around $24. Some experts think AVAX could reach as high as $71 in the next few months. However, before hitting that target, it might face some resistance around $33.
On the daily chart, AVAX has a solid bullish structure, with the Relative Strength Index (RSI) showing strong upward momentum. Traders are also feeling more confident since open interest has been going up this month, showing that more people are eager to buy in. With development activity staying steady, long-term investors are feeling hopeful.
Will BlockDAG’s $1 Million Giveaway Boost its Presale?
BlockDAG is turning heads with its massive $1 million giveaway that offers 50 lucky winners a chance to win their share of a huge prize pool. The split prize pot will have each winner walk away with $20,000 worth of BDAG coins. The prize coupled with a potential 20,000x ROI is the kind of return all 50 winners could retire with.
The rules to participate are simple. To enter the giveaway, all participants must hold at least $100 worth of BDAG coins and complete a few easy engagement tasks. These would be as simple as following BlockDAG on social media and sharing the giveaway post. There are even bonus entries up for grabs through friend referrals.
This three-month-long giveaway is generating significant buzz in the crypto community, with people rushing to buy their $100 worth of BDAG coins or more to secure their spot in the contest. The excitement around this giveaway is expected to push presale momentum even further than the current $76.2 million, potentially driving the price of BDAG higher as more traders hop on board.
Early holders are set to benefit from the influx of new holders coming in. Currently, batch 23 is priced at $0.0192, a 1820% increase since batch 1. With 22 batches to go, huge returns are almost guaranteed.
This $1 million giveaway is a golden opportunity to join BlockDAG’s growing community and win big while getting a hold of one of the hottest coins of 2024.
Best Crypto Investments
It wouldn’t be crypto without the highs and the lows and even dominant forces like Ethereum take bumps too. Ethereum users dropping is concerning, but the good news is that the network’s fees and burn rate are up. AVAX, who previously struggled, has managed to stabilize, and now it’s a matter of pushing past resistance levels.
But BlockDAG’s $1 million giveaway is making headlines and the topic of every conversation in the crypto world. With 50 possible winners and the easiest entry process ever, it would be terrible to miss this once in a lifetime opportunity. What makes the chance of winning even more exciting is the potential 20,000x ROI that could maximize the prize pot earnings even further.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
