With Toncoin and NEAR protocol facing market troubles, BlockDAG’s engaging presentation at Shibuya has propelled its presales to an impressive $34.7 million. This piece delves into the ongoing competition between Toncoin and Bitcoin and the current market dynamics of NEAR Protocol. BlockDAG’s strategic location choice of Shibuya in Tokyo, known for its bustling activity, was pivotal in achieving a successful presale, resulting in the sale of 10 billion coins and 6,213 mining rigs.
A key element in this success was the release of a viral keynote video during the event, which effectively highlighted BlockDAG’s partnerships with major DeFi exchanges, thus increasing its visibility. These initiatives have led experts to predict that BlockDAG’s valuation could reach $10 by 2025, marking it as a prime candidate for mining and investment.
Toncoin Surpasses Bitcoin in Growth
In the year 2024, Toncoin has far outstripped Bitcoin in terms of growth, recording a 200% increase compared to Bitcoin’s 50%. Despite this impressive performance, trader sentiment toward Toncoin remains skeptical, unlike the more favorable perspective towards Bitcoin, which is evident from various market indicators.
NEAR Protocol Experiences Volatility
The price of NEAR Protocol has recently increased, currently fluctuating between $6.71 and $8.68. It is encountering resistance at $9.59, with support at $5.65. Buyer interest remains strong as indicated by the RSI, yet the high Stochastic reading suggests that NEAR might be approaching an overbought condition, potentially leading to a correction soon. The MACD indicates only a slight positive sentiment.
BlockDAG’s Rise to $34.7 Million in Presales
BlockDAG’s Shibuya presentation has not only elevated its presales but has also reinforced its position in the cryptocurrency arena. Showcasing its technology and new partnerships through a keynote video at Shibuya Crossing has played a crucial role, elevating the presales to $34.7 million. This presentation highlighted the new crypto payment card developed in collaboration with leading banking service providers, which simplifies the use of BDAG and other cryptocurrencies and is accepted by 38 million merchants globally.
Moreover, the event detailed the capabilities of BlockDAG’s X30 mining device. With a hash rate of 280 GH/s, it can produce up to 600 coins daily, translating to approximately $30 in daily earnings. With its competitive pricing at $600, the X30 offers significant value, positioning it as an appealing choice for miners.
Concluding Observations
BlockDAG’s Shibuya event and the launch of the X30 mining device have significantly bolstered its presale achievements, securing $34.7 million and affirming its strong market presence. With projections of reaching a price of $10 by 2025, BlockDAG is recognised as a promising investment opportunity. Conversely, despite Toncoin’s superior performance over Bitcoin, the market remains cautious towards it. NEAR Protocol continues to show strong purchasing momentum, though its future success hinges on its ability to break through the current resistance levels.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
