BlockDAG Presale Hits $84.2M, $3M Raised in 24 Hours – Is Ethereum Staking and Bittensor Falling Behind?
Ethereum staking is gaining traction, offering yields of 3.19% fueled by increasing transaction fees and potential federal funds rate cuts. At the same time, Bittensor’s decentralized AI model has driven TAO’s price higher, with predictions suggesting more growth ahead.
Meanwhile, BlockDAG has made waves with its $1 million giveaway, generating excitement by awarding $20,000 worth of prizes to 50 winners. This surge of interest has significantly increased demand for BDAG coins, pushing the presale total past $84.2 million, with $3 million raised in just 24 hours.
As institutional traders enter the fold, BlockDAG’s rapid growth has caught the eye of many, positioning it as a strong contender among the top cryptos for 2024.
Recent trends indicate a boost in Ethereum staking yields, now at 3.19%, outpacing the federal funds rate. This shift is driven by lower U.S. debt returns and rising Ethereum transaction fees, which have increased profits for those staking the coin. As fees climb, so does the appeal of staking, attracting more participants.
Looking ahead, yields may increase further as the federal funds rate is expected to dip below 3.50-3.75% by 2025. However, the lack of easily accessible staking options limits some traditional investors from participating.
Bittensor’s decentralized AI model is powering a sharp increase in TAO’s value, which has surged over 105% in the past month. The future looks bright for Bittensor, with the upcoming launch of BIT001 fueling optimism about further growth.
Despite fluctuations in the market, TAO’s focus on AI has the potential to push its price toward $640 by October. The rising interest in AI applications across the cryptocurrency landscape suggests a promising outlook for the coin.
BlockDAG’s presale has seen rapid growth, raising $3 million in just 24 hours, bringing the total to over $84.2 million. This impressive fundraising is a clear indicator of increasing interest and confidence in the project, particularly from institutional buyers. The growing influx of institutional capital is fueling momentum, with some analysts predicting BlockDAG could reach its ambitious $600 million Hard Cap in the coming months.
One major factor behind this success is BlockDAG’s $1 million giveaway, which has sparked widespread attention within the crypto space. The giveaway not only offers prizes to 50 winners but has also acted as a key driver for BDAG demand. Participants need to hold at least $100 in BDAG to qualify, helping push the presale total to over $84.2 million.
This surge of activity, coupled with the 1820% increase in coin value, has drawn the attention of both retail and institutional buyers. Early backers of BlockDAG are seeing substantial returns, with the coin price rising from $0.001 to $0.0192. Analysts suggest this rapid growth could continue, with some forecasting returns of up to 20,000 times its initial value.
BlockDAG’s presale success is further boosted by the participation of over 5,000 entrants in the giveaway. As the deadline approaches, interest continues to grow, positioning BlockDAG as a major player in the crypto market. Buyers are eager to capitalize on the current price before it rises further, with many expecting the presale to reach $100 million soon.
Ethereum staking is attracting attention with rising yields, and Bittensor’s AI-driven growth is pushing TAO’s price higher. However, BlockDAG has taken center stage with its $1 million giveaway, giving 50 winners the chance to win $20,000 worth of prizes.
This limited-time offer has significantly boosted demand for BDAG coins, initially pushing the presale total to $84.2 million. Recently, BlockDAG’s momentum picked up even further, with $3 million raised in just 24 hours, bringing the presale to $84.2 million.
With institutional holders joining and the giveaway deadline fast approaching, the excitement around BlockDAG continues to build. The presale is nearing the $100 million milestone, positioning BlockDAG as a major contender in the cryptocurrency market heading into 2024.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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