BlockDAG's $34.5M Milestone: Surpassing ARB Crypto and VeChain in Market Influence

The trading volume on Ethereum decentralized exchanges has plummeted from $3.34 billion to just $1.03 billion, indicating a significant downturn. In contrast, the Immutable X price has jumped by 18%, showing an uptick in interest in its NFT offerings. Amid these market shifts, BlockDAG shines brightly with a $48.5M presale and strong support from the […]

The post BlockDAG’s Stellar Rise: $48.5M Presale and Celebrity Endorsement Amid Ethereum Price Decline and XLM Price Stability appeared first on Coin Edition.

BlockDAG's $34.5M Milestone: Surpassing ARB Crypto and VeChain in Market Influence

The trading volume on Ethereum decentralized exchanges has plummeted from $3.34 billion to just $1.03 billion, indicating a significant downturn. In contrast, the Immutable X price has jumped by 18%, showing an uptick in interest in its NFT offerings.

Amid these market shifts, BlockDAG shines brightly with a $48.5M presale and strong support from the notable WEB3 Revolution influencer. This endorsement underscores the potential of BlockDAG’s X1 mining app, suggesting a surge in cryptocurrency activity in 2024 led by such innovative platforms.

The latest data reveals a sharp decrease in activity across Ethereum’s decentralized exchanges. Initially, the volume was $3.34 billion, but it has now fallen sharply to $1.03 billion, a decrease of more than $2 billion. This decline points to reduced transactional activity involving Ethereum on these platforms.

The current MVRV Z-Score stands at 1.63, significantly lower than the bull market peaks of 14.19 in 2017 and 4.76 in 2021. These figures highlight the cyclical behavior of Ethereum DEX volume and its influence on Ethereum’s price movements. The recent drop in tradin…

The post BlockDAG’s Stellar Rise: $48.5M Presale and Celebrity Endorsement Amid Ethereum Price Decline and XLM Price Stability appeared first on Coin Edition.