The crypto market is brimming with exciting developments, with the upcoming Bitcoin halving event taking the spotlight. Not to be outdone, Bitcoin Cash halving has recently been finalized, leading to a massive 56% BCH price surge. Meanwhile, Polygon (MATIC) price is on the cusp of plunging into a downtrend, with the majority of technical indicators signalling bearish sentiment. In the presale market, BlockDAG (BDAG) is enjoying the spotlight, with its V2 technical whitepaper being launched and BlockDAG making an impressive appearance on the Las Vegas Sphere, BlockDAG has attracted a tidal influx of funding into the project’s presale. Now in its seventh batch, BlockDAG is priced at $0.004 per BDAG coin, but the price is set to rise incrementally with each batch.
Bitcoin Cash Halving Drives 56% BCH Price Surge
Bitcoin Cash (BCH) completed its second halving on April 5, 2024, reducing block rewards to 3.125 BCH, a few weeks ahead of Bitcoin’s fourth halving. The Bitcoin Cash halving event led to a price surge for BCH, reaching highs and marking a 56% increase over the last 30 days, although still well below its all-time high achieved in 2017.
Looking ahead, analysts are on the fence about BCH reclaiming its ATH in the near future, although the sentiment is still bullish, with the Fear & Greed Index indicating extreme greed.
Polygon (MATIC) Price Bearish
Polygon (MATIC) price has experienced a 22% decline on the monthly time frame amid a broader market correction, with its price dropping to $0.89. This downturn is illustrated by the formation of an inverted head and shoulders pattern, suggesting a potential for further losses.
Polygon (MATIC) price also broke down from the $0.9 support level on April 2, hinting at a possible 23% fall to $0.687. Despite this bearish trend, a prominent trader identified a bullish signal, indicating a potential rebound if MATIC remains above $0.87, with targets at $0.95 and possibly $1.
BlockDAG Sets New Standards, Shocks Crypto World
BlockDAG (BDAG), a new layer 1 blockchain project, has grabbed the spotlight in the presale market after its V2 technical whitepaper was showcased at the Las Vegas Sphere, attracting a massive wave of funding, including significant contributions from whale investors. At press time, BlockDAG has amassed an impressive $14.9 million and sold over 6.9 billion BDAG coins.
BlockDAG’s appeal lies in its groundbreaking merging between blockchain and DAG technologies, overcoming limitations of the traditional, linear blockchain networks and setting a new standard for scalable, secure, and decentralized applications. Thanks to DAG, BlockDAG can achieve a remarkable transaction throughput, processing up to 15,000 transactions per second, which makes it the fastest PoW network out there.
In terms of potential returns, the project has already provided a sound ROI to its early backers, with the price climbing from $0.001 in its first presale batch to $0.004 in the seventh batch. Looking ahead, investors can stand to reap an astounding 20,000x gains with BlockDAG, as projected by analysts.
Final Words
Bitcoin Cash halving drives 56% BCH price surge as Polygon (MATIC) price on the cusp of plunging into a downtrend. BlockDAG (BDAG) has moved on to its seventh presale batch, raising $14.9M so far, and is projected to blow up 20,000x once its mainet is fully operational.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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