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Optimal Crypto Pick: BlockDAG Rises Despite Ethereum Liquidations and Aptos Fall, Offering 30,000x Profit Outlook
At the end of the month, concerns about a possible downward trend in the market are increasing. Ethereum liquidations and Aptos crypto news signal stress and challenges ahead. In this context, BlocDAG, a Tier 1 project with exceptional pre-sale, has become the preferred choice of investors. Its advanced DAG technology and promising long-term potential make it one of the best cryptocurrencies to buy. BlockDAG pre-sale soared to over $53.8 million due to growing investor interest. Analysts predict that BDAG could generate a return on investment of more than 30,000 times, highlighting its appeal in today’s market.
Ethereum Liquidations and Market Activity
On June 11, Ethereum (ETH) saw a significant increase in long liquidations, with $62 million in long liquidations and $7.3 million in short liquidations, as reported by Coinglass. Liquidations occur when a trader’s position is closed due to insufficient funds. This is the highest liquidation level since May 23. Despite these liquidations, Ethereum’s funding rate remains positive at 0.0069%, indicating continued demand for long positions.
Over the past 24 hours, the Ethereum derivatives market has declined. Total trading volume on its options market fell 52%, to $321 million. Open Interest, which measures contracts in progress, fell 2% to $15.73 billion. These declines suggest reduced market activity and potential liquidity issues.
Aptos Crypto News: Growth and Challenges
Recent crypto news from Aptos highlights significant growth in the first quarter. The outstanding market capitalization increased by 127% to $6.6 billion, surpassing similar projects. Despite this, the APT native token saw a modest gain of 76%. Aptos revenue increased 37% to $475,000, although APT revenue declined 10%.
Network activity has exploded, with daily transactions and addresses increasing by 66% and 97%, respectively. Average transaction fees fell 45% to 0.0006 APT ($0.007). However, APT’s price action has struggled, currently trading at $8.46, and has faced resistance at $8.80. The market capitalization staked has increased by 68% to over $14 billion, but the APT price remains under pressure.
BlockDAG: Spurs DAG Tech advanced pre-sale underway
BlockDAG’s advanced Directed Acyclic Graph (DAG) technology sets it apart from traditional blockchain networks. Unlike Bitcoin and Ethereum’s Proof of Work (PoW) systems, which rely on a sequential chain of blocks, BlockDAG uses a DAG structure to allow multiple references per block. This design increases transaction capacity and network throughput, solving scalability issues that have long plagued other cryptocurrencies.
The BlockDAG presale attracted significant investor interest, raising over $53.8 million. Currently, in its 18th batch, BDAG is priced at $0.0122, with over 11.8 billion coins sold. Analysts predict that BlockDAG’s unique technology and market strategy could generate a 30,000x return on investment, making it one of the best cryptocurrencies to buy.
BlockDAG’s compatibility with the Ethereum Virtual Machine (EVM) allows for easy integration of Ethereum-based contracts, further enhancing its appeal. The project also plans a rapid launch of the mainnet within six months, demonstrating its commitment to rapid innovation. These factors position BlockDAG as a promising competitor in the cryptocurrency market, attracting both new and seasoned investors.
The last line
While Ethereum and Aptos face challenges, BlockDAG presents itself as a promising investment opportunity. With its advanced DAG technology, BlockDAG raised over $53.8 million during its presale, selling over 11.8 billion coins. Analysts predict that BlockDAG’s unique technology could generate a 30,000x return on investment, making it one of the best cryptocurrencies to buy. Despite concerns such as Ethereum liquidations and Aptos crypto news, BlockDAG’s strong growth projections and technological lead position it favorably. For investors looking for substantial returns, BlockDAG makes a compelling investment case.
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Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.