While PEPE and Uniswap Falter, BlockDAG Plans Swiss Foundation Following Team Announcement
In the cryptocurrency market, while PEPE and Uniswap contend with declining trends and reduced prices, BlockDAG emerges as a standout, attracting positive media attention. Although PEPE investors have secured a 230% ROI, the potential for increased selling pressure remains a concern. Concurrently, Uniswap has experienced a significant 37% decline in trading volume, reflecting widespread market caution.
Conversely, the investment community is actively assessing which cryptocurrencies present promising opportunities. Following its $65.2 million presale success, BlockDAG, led by CEO Antony Turner and security expert Youssef Khaoulaj, is quickly establishing itself as a credible and promising investment choice.
PEPE Investors Encounter Slowing Growth & Increased Selling Pressures
PEPE investors are witnessing a substantial 230% return on investment, with substantial profits of $5.85 million garnered by large stakeholders. However, a decrease in the relative strength index to 54 suggests a deceleration in momentum. This slowdown, coupled with significant sell-offs, may intensify selling pressures.
Important support levels at $0.00001046 and $0.00000846 are critical for maintaining stability and could bolster PEPE if it remains above the 50 EMA. Given these market conditions, traders are advised to proceed with caution.
Continued Price Reduction in Uniswap Accompanied by a 37% Trading Volume Decrease
Over the past 24 hours, the price of Uniswap’s UNI has fallen by 4.79% to $7.4, extending a week-long decline from $7.71. This reduction is aligned with a 37% fall in trading volume. Simultaneously, the circulating supply has marginally increased by 0.12% to 753.77 million, reaching 75.38% of its maximum supply of 1 billion. Currently, UNI ranks 20th in market cap, with a valuation of $5.58 billion.
Rationale Behind BlockDAG’s Swiss Foundation Establishment
The crypto sector was highly anticipative of BlockDAG’s team reveal. CEO Antony Turner, with over 20 years in fintech and cryptocurrency, is at the forefront, guiding BlockDAG’s strategic direction. Youssef Khaoulaj, as Chief Security Officer, is pivotal in implementing robust security measures given his extensive background in system security and blockchain.
The advisory board, including Steven Clarke-Martin and Maurice Herlihy, brings depth in blockchain and decentralized technology, enhancing BlockDAG’s innovative capabilities.
Following the team reveal, CEO Antony Turner emphasized the importance of adapting legacy Proof of Work systems to current technological needs during an interview. BlockDAG is taking significant steps towards community support by establishing a Foundation in Switzerland, aimed at securely managing community funds with no access by team members or founders. This initiative underscores BlockDAG’s commitment to transparency and security, prioritizing community interests.
BlockDAG’s recent disclosures and the strategic insights shared by the CEO have not only reinforced investor confidence but also positioned it comparably to early stages of Bitcoin and Ethereum. With $65.2 million raised in its presale, 12.5 billion coins sold, and a 1600% price increase, BlockDAG is generating significant buzz in the cryptocurrency market.
Is BlockDAG the Optimal Investment Choice?
As PEPE and Uniswap struggle with selling pressures and trading volume declines, BlockDAG is distinguishing itself with its innovative team and the establishment of a Swiss Foundation. With a substantial $65.2 million raised in its presale, BlockDAG is paving the way for significant future growth, presenting an intriguing opportunity for those contemplating which cryptocurrency to invest in next.
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.
