Crypto Whales Flock to BlockDAG as Batch 21 End Nears; Uniswap Traders’ Face Challenges and Ripple’s Plans RLUSD
Uniswap traders are facing tough times as UNI, the platform’s native token, fell by 22% last month driven by market instability. Meanwhile, Ripple’s RLUSD stablecoin launch in 2024 is generating buzz, but there’s concern it could lead to new legal challenges, according to recent XRP news.
Conversely, BlockDAG (BDAG) is drawing in significant whale activity with its innovative bonus system. This structure, which rewards users from Crab to Whale ranks, has helped BlockDAG raise $66 million by the 21st batch of its presale. Another factor that has pumped the presale is the impending end of batch 21 and its attractive price of $0.017 before higher batch 22 prices kick in.
Uniswap Traders Face Persistent Challenges
Uniswap traders are currently navigating a difficult period. Uniswap (UNI), known for being a leader in decentralised exchanges, has seen its token value drop by 22% over the last month. This decline is mainly due to challenges such as impermanent losses faced by liquidity providers and the inherent weaknesses in the automated market maker model.
Efforts to reignite interest, including fee-sharing initiatives and the introduction of “uni.eth” subdomains, have not sparked significant market enthusiasm. A recent governance proposal also failed to make a notable impact, leaving UNI trading at $7.16. As the broader market remains cautious, Uniswap traders continue to face scepticism.
XRP Updates: Ripple’s RLUSD Launch Raises Legal Concerns
Ripple’s upcoming RLUSD stablecoin has sparked renewed interest, especially regarding the ongoing lawsuit with the SEC. However, there is concern that this new venture could lead to another legal challenge. Recent XRP news has highlighted the need for caution as Ripple moves forward with this project.
Ripple’s President has hinted at a 2024 launch for RLUSD, and a dedicated website indicates that final preparations are underway. Legal experts are split on the possible outcomes of Ripple’s legal battles. Some suggest a potential compromise if a pro-crypto administration emerges post-elections, but the situation remains uncertain. These developments have had a noticeable impact on XRP’s market price.
Whale Engagement and BlockDAG’s Automatic Bonuses
BlockDAG has introduced an automatic bonus system that has significantly enhanced user engagement and appeal as a great crypto option. This system ranks users based on their contribution amounts, from Crab to Whale, with whales—those putting in $50,000 or more—receiving an 8% automatic bonus. The top 30 users and their purchases are displayed on the Leaderboard page, promoting transparency and healthy competition.
As users advance through these ranks, bonuses are automatically adjusted, ensuring timely and accurate rewards. For example, someone starting at the Turtle rank with a 2% bonus will see their bonus increase to 4% at the Fish rank, 6% at the Shark rank, and 8% at the Whale rank. This structured reward system incentivises higher stakes and fosters sustained growth and confidence among holders, making BlockDAG a compelling option in the crypto space.
As batch 21 nears its end, BlockDAG had raised $66 million and is seeing holders rush in before batch 22 prices kick in. The system’s attractive bonuses have drawn crypto whales, with significant activity seen on BlockDAG’s leaderboards.
Final Thoughts
Uniswap’s recent downturn highlights the ongoing difficulties faced by decentralised exchanges, with the market responding cautiously to new initiatives. Ripple’s RLUSD launch, as reported in recent XRP news, continues to stir legal concerns, creating uncertainty about its future despite the possibility of a favourable outcome with a pro-crypto administration.
In contrast, BlockDAG is gaining momentum, with its bonus system and whale activity driving impressive growth. Having raised $66 million by the 21st batch of its crypto presale, BlockDAG is emerging as a top contender in the crypto market, offering attractive returns and solidifying its position in the industry.
Join BlockDAG Presale Now:
- Website: https://blockdag.network
- Presale: https://purchase.blockdag.network
- Telegram: https://t.me/blockDAGnetworkOfficial
- Discord: https://discord.gg/Q7BxghMVyu
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.
