Following the Ethereum (ETH) ETF approval, a whale diversified his portfolio after liquidating profits from early Ethereum investments. Similarly, Lido’s price spiked following the ETH ETF approval, although it still trades 68% below its all-time high.
Meanwhile, BlockDAG (BDAG) has surged 850% since its inception, capturing the spotlight in the altcoin market. Its promotional efforts, spanning from Tokyo to Las Vegas and London, have fueled the hype around the project. As a result, BlockDAG’s presale has reached new heights, as it has raised over $37 million from the sale of over 10.2 billion coins in under 16 presale batches.
Whale Diversifies After Profiting from ETH ETF Approval
A whale who profited from ETH ETF approval is now diversifying into altcoins, impacting market trends and investor sentiment. After making a decent profit from early Ethereum investments, the investor reinvested into Binance, purchasing significant amounts of various altcoins.
This diversification indicates a shift in focus to other promising tokens within the Ethereum ecosystem. On-chain data from Lookonchain reveals that other whales are also showing interest in these altcoins, suggesting broader market movements. Following the ETH ETF approval, Ethereum ecosystem tokens saw a surge in trading volumes, reflecting heightened investor activity.
Lido (LDO) Price Spikes After ETH ETF Approval
Lido (LDO), a liquid staking protocol for Ethereum (ETH) and Polygon (MATIC), experienced a price spike following the approval of spot Ethereum ETF applications by the US Security & Exchange Commission (SEC). The Lido (LDO) price regained the $2.30 level and is attempting to break out of its one-month downtrend.
The SEC’s approval of Ethereum ETFs from entities like BlackRock and Grayscale boosted interest in Liquid Staking Derivatives (LSD) coins. Lido (LDO) price peaked at $2.49 before settling at $2.35. Six new wallets withdrew 4.3 million LDO from Binance, indicating increased interest. Lido’s trading volume surged as well, but the token remains 68% below its all-time high.
BlockDAG’s Strategic Marketing and Exponential Growth
BlockDAG is making notable progress in the crypto sphere through its global appearances which are part of their marketing efforts. Its recent keynote video, displayed on billboards at Tokyo’s bustling Shibuya Crossing, attracted widespread attention and drove BlockDAG’s presale to new heights. The keynote showcased BlockDAG’s integration with DeFi exchanges like Bitget and CoinEx and introduced its payment card and ASIC mining devices, which, according to a mining profitability calculator, could yield between $1 to $100 at launch price. This approach appeals to both mobile and home-based users, broadening its audience appeal.
The marketing campaign continued to captivate audiences at the Las Vegas Sphere, celebrating BlockDAG’s release of the DAGpaper. This paper introduced the BlockDAG protocol, deviating from the traditional linear chain of blocks. The global tour culminated at Piccadilly Circus, where BlockDAG’s listing on CoinMarketCap was celebrated, significantly boosting investor confidence and generating substantial hype around its $100 million liquidity plan. Moreover, the launch of batch 16 has seen BlockDAG cross an impressive $37 million in presale, selling over 10.2 billion coins and 6,625 mining rigs. This rapid price progress, an 850% increase since batch 1, has investors optimistic about a potential 30,000x ROI. Expectations are high, with forecasts suggesting BlockDAG’s price could reach $30 by 2030.
Conclusion
Following the ETH ETF approval, Lido’s price, along with other altcoins, experienced a spike as a whale diversified his portfolio. However, most of these altcoins still trade below their all-time highs and have not reached new peaks.
In contrast, BlockDAG continues to break records, recently entering batch 16 and raising $37 million, with its price surging by 850% since inception. With its innovative technology, strategic global presence, and unmatched growth potential, BlockDAG is rapidly becoming the most talked-about project in the crypto world, drawing in investors and enthusiasts from every corner of the globe.
Join BlockDAG Now!
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
