Toncoin and AVAX Prices Dip Sharply, While BlockDAG Becomes a Safe Haven with Presale Exceeding $66M
Toncoin (TON) and Avalanche (AVAX) are feeling the heat in the market, with Toncoin sliding closer to $5 and Avalanche teetering on the edge of a crucial support level at $21.73. As these established coins grapple with uncertainty, BlockDAG gains recognition as a top trending crypto.
Standing as a safe crypto choice, BlockDAG’s presale has hit $66 million from selling more than 12.6 billion BDAG coins. With anticipation building around its $1 price prediction, BlockDAG’s plans of establishing a Swiss Foundation to secure presale funds show the project’s commitment to long-term sustainability and community-driven growth.
Toncoin Price Prediction: Bearish Trends Raise Concerns
Toncoin (TON) is facing persistent downward pressure, with its price recently dropping below the $6 mark. Despite this decline, there are signs of accumulation across the network, indicated by the rising mean coin age. However, caution is warranted as technical indicators reveal a dominant bearish trend, with the MACD trending downward and the Chaikin Money Flow (CMF) at a four-month low, signaling strong selling pressure.
The $5.36 level, corresponding to the 78.6% Fibonacci retracement, is a key area to watch for potential price support. While some traders might consider this as an opportunity, the risk of further decline remains, making it essential for investors to carefully assess market conditions before taking action. Toncoin price prediction remains uncertain as bearish trends persist.
Avalanche Key Support Level in Focus
Avalanche (AVAX) is approaching a critical support level at $21.73 as bearish trends continue to dominate the market. Technical indicators, including the Moving Average Convergence Divergence (MACD) and Moving Averages, suggest ongoing downward momentum, reinforcing the significance of this support level. With AVAX currently trading below key moving averages and exhibiting bearish candlestick patterns, the potential for further declines remains high.
Investors are closely watching the $21.73 mark to see if it holds, which could either lead to a rebound or further downward movement. As traders assess the situation, the Avalanche support level at $21.73 remains a focal point for determining the cryptocurrency’s next steps.
BlockDAG to Set Up Foundation to Manage Presale Funds
BlockDAG is gearing up to set up a Swiss Foundation to oversee the funds raised from the presale. Announcing the plans for the foundation’s formation, BlockDAG’s CEO Antony Turner revealed in a recent interview, “We’re working closely with our legal team to finalize the best location and structure, likely in Switzerland.”
The foundation will be crucial in fueling BlockDAG’s future developments, strategically deploying resources to support technical advancements, and amplifying its global presence. As the platform evolves, the foundation’s role in fostering community engagement and blockchain innovation will be key to BlockDAG’s rise, making it an exciting prospect for crypto enthusiasts.
Tuner also discussed BlockDAG’s other milestone achievements such as the completion of its dev-net release, which sets the stage for what’s next. The presale has already raised $66 million and sold over 12.6 billion BDAG coins, reflecting the growing confidence in BlockDAG’s potential. The remarkable 1600% price increase from batch 1 to 21 has experts predicting that BlockDAG could hit $1, driven by Turner’s vision and the project’s momentum.
Looking Ahead
While the Toncoin price prediction indicates caution with potential dips to $5, and the Avalanche support level at $21.73 presents a critical juncture, BlockDAG offers a more promising outlook. With a 1600% surge in its presale and the current price at $0.017, BlockDAG is a top-trending crypto with strong potential for future growth. Experts are forecasting a $1 price, making BlockDAG a unique opportunity for crypto buyers who see beyond the short-term noise.
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.
