Thorchain Investors Pivot to BlockDAG with $10 Projection for 2025, While BNB Struggles to Keep Up

Thorchain investors are seeking new opportunities after a significant 35.5% dip last month, while BNB price recovery remains uncertain due to reduced trading volumes on Binance. On the other hand, BlockDAG (BDAG) emerges as the top crypto presale, showcasing impressive growth and optimism. With its viral promotional efforts, $54.3 million raised in presale, and a [...] The post Thorchain Investors Pivot to BlockDAG with $10 Projection for 2025, While BNB Struggles to Keep Up appeared first on Blockonomi.

Jun 28, 2024 - 20:30

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Thorchain Investors Pivot to BlockDAG with $10 Projection for 2025, While BNB Struggles to Keep Up

Thorchain investors are seeking new opportunities after a significant 35.5% dip last month, while BNB price recovery remains uncertain due to reduced trading volumes on Binance. On the other hand, BlockDAG (BDAG) emerges as the top crypto presale, showcasing impressive growth and optimism. With its viral promotional efforts, $54.3 million raised in presale, and a $10 price projection for 2025, BlockDAG is attracting substantial attention. Its strategic marketing, integration into DeFi exchanges, and innovative ASIC mining devices make it a standout choice for investors looking for promising returns in the cryptocurrency market.

Thorchain Investors Hopeful Amid RUNE’s Price Dip

Thorchain’s native token, RUNE, has experienced a 35.5% dip in the past month, currently trading at $4.38, down from its peak of $10.62 in Q1 2024. Despite no negative news, investor sentiment has dwindled.

Long-term Thorchain investors still see it as a good hold, citing its surge from around $1 in August 2023. However, analysts predict that without a new narrative, RUNE could fall below $4, reflecting a bearish outlook for the token amidst a subdued cryptocurrency market.

BNB Price Recovery Stalls Amid Declining Volumes

BNB’s recovery is uncertain due to reduced trading volume on Binance. The BNB price recovery has stalled, falling to around $580, reflecting a 4.6% decline this week, following a strong rally in early June. Profit-booking has caused a notable downturn, indicating waning bullish momentum.

Binance’s market share fell by 17.3% in May, with daily trading volume dropping from $61.05 billion in March to $10 billion in June. These declines have led crypto experts to adopt a conservative outlook on BNB, despite some investors still considering it one of the best cryptos to buy in 2024.

BlockDAG’s Promising Future: $10 Price Projection

BlockDAG is making significant strides in the crypto sphere, capturing attention with its ambitious $10 price projection for 2025, which translates to an impressive 80,000% increase from its current price of $0.014. This optimism is driven by BlockDAG’s viral promotional efforts, such as a keynote video at Tokyo’s bustling Shibuya Crossing and captivating events at the Las Vegas Sphere and Piccadilly Circus. These strategic moves have propelled BlockDAG’s presale coin to new heights, raising $54.3 million by selling over 11.8 billion coins by batch 19. Moreover, BlockDAG’s integration into DeFi exchanges like Bitget and CoinEx with the introduction of ASIC mining devices for mobile and home-based users, underscores its commitment to user-friendly innovation. This comprehensive approach has heightened investor confidence and generated substantial hype around its $100 million liquidity plan.

In contrast, Thorchain investors are seeking new opportunities after a 35.5% dip last month, and BNB’s price recovery remains uncertain due to reduced trading volume on Binance. These downturns have sparked a significant increase in interest towards BlockDAG, as investors recognise its promising potential. The robust community engagement and strategic marketing efforts position BlockDAG as the top crypto presale for 2024, offering a beacon of hope and substantial growth potential for those looking for new investment opportunities.

Final Say

While Thorchain investors look for new opportunities following a 35.5% dip and BNB price recovery remains uncertain amid declining trading volumes, BlockDAG stands out as the top crypto presale. BlockDAG’s potential is underscored by its ambitious $10 price projection for 2025 and the impressive $54.3 million raised in its presale. The project’s strategic marketing efforts, integration with DeFi exchanges, and innovative mining solutions have significantly boosted investor interest and confidence. Given its promising growth trajectory, BlockDAG presents a compelling investment opportunity in crypto.