Discover why BlockDAG was named the top altcoin of 2024 by Yahoo Finance and Fox News, and dig into future price predictions for Cardano and ICP.
Cardano, Internet Computer (ICP), and BlockDAG are in the spotlight this week for a variety of reasons. Cardano price forecasts are grim as it faces bearish pressure and hints at a possible 20% decline. Internet Computer has enjoyed a 16% surge over the past week, but the ICP cryptocurrency forecast shows a rejection at $9.90, which could change direction.
Meanwhile, Yahoo Finance and Fox News named BlockDAG a “Top Altcoin of 2024,” increasing excitement among early backers. With $79.5 million raised and 13.3 billion coins sold, BlockDAG’s pre-sale has gained even more attention and is currently a hot topic in the crypto space.
Cardano price prediction looks grim
Cardano (ADA) faces potential challenges as market sentiment leans bearish, with forecasts suggesting it could fall 20% and reach the $0.31 level. The daily chart shows a bearish pattern, and ADA has touched this resistance multiple times since April 2024, leaving traders on guard for a similar decline.
According to technical analysis, if ADA closes the day below $0.3912, it could trigger further decline. On-chain indicators also support the bearish outlook, with 51% of top traders holding short positions.
ADA, which is currently trading around $0.385, has fallen 1.4% in the past 24 hours as trading volume has declined significantly, reflecting cautious investor sentiment.
ICP crypto predictions could go either way
Internet Computers (ICP) has been on a roll of late, rising an impressive 16% over the past week despite a slight decline in the broader market. Investors remain optimistic, with many eyeing the ‘Uptober’ for potential gains as the end of the month approaches.
However, an impending rejection at the $9.90 resistance level could spell trouble, and bearish sentiment could push the token below $9.23.
ICP’s upward trend started in August, but current market trends could lead to losses in the coming days. The Relative Strength Index (RSI) suggests that the bulls may soon reach a threshold that could prompt a rebound.
Yahoo Finance honors BlockDAG as “Top Altcoin of 2024”
BlockDAG announced a big win, with Yahoo Finance and Fox News calling it the “Top Altcoin of 2024.” This recognition highlights the project’s community-driven focus and cutting-edge technology, making it a standout. With the launch of BlockDAG’s innovative testnet, it is clear that they have outperformed their competitors and given the cryptocurrency scene something to get excited about again.
Currently in batch 23 and priced at $0.0192, BlockDAG has already raised an impressive $79.5 million in pre-sale funding and 13.3 billion coins have been sold. The rush of traders after BDAG was named a top altcoin is sure to catch the eye of potential buyers, further increasing interest in the pre-sale and increasing the value of the coin.
Early backers can benefit from this excitement as more contributors join. Batch 23 is almost sold out and the release of Batch 24 will increase the price of the coin.
With a solid roadmap and dedicated community, BlockDAG is poised for a great year ahead. Cryptocurrency enthusiasts can’t help but feel the hype, as this growth is reminiscent of the early days of Bitcoin and Ethereum.
Top cryptocurrencies of 2024
The journey with any cryptocurrency is rarely smooth. Cardano and ICP are seeing that for real, and both are feeling the pressure from bearish sentiment. ICP has been profitable, but everything could go downhill.
But BlockDAG is on the journey of a lifetime. We raised over $79.5 million in pre-sale and successfully launched our testnet. And as a bonus, Yahoo Finance and Fox News recognized it as a “Top Altcoin of 2024.” As BlockDAG’s notoriety continues to grow, early backers are seeing the benefits.
Join the BlockDAG presale now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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