BlockDAG’s trendsetting deal with Inter Milan sets it apart, eclipsing developments in Chainlink and NEAR. Discover why it’s the altcoin to watch now.
In a crypto landscape marred by volatility, heavy hitters like Chainlink (LINK) and Near Protocol (NEAR) are navigating turbulent waters. LINK clings to its support levels, while NEAR hints at an imminent rise. Yet, amidst these established coins, the spotlight is firmly on BlockDAG, courtesy of its groundbreaking deal that’s sending ripples across the market.
In the nascent stages of its presale, BlockDAG has already raked in a staggering $68.5 million, catapulting early buyers to a phenomenal 1680% gain. The collaboration with Italian soccer titan Inter Milan is not just a partnership; it’s a strategic move propelling BlockDAG into the limelight as a leading altcoin.
Chainlink’s Price Dynamics: Battling Resistance
Chainlink is wrestling with a tough resistance at $12.35, despite a fleeting spike in bullish momentum. As optimism wanes, indicated by a slump in sentiment, LINK’s current valuation—judged by the NVT ratio—suggests it might be overpriced relative to its network activities.
Forecasts for Chainlink hint at a potential slide to $10.79, with a risk of dipping to $10.00 under adverse conditions. Should LINK maintain stability at $10.79 and rebound, it stands a chance to breach the $12.35 barrier and potentially ascend beyond $13.00, challenging the bearish scenario.
NEAR Protocol: Glimmers of Progress Amid Challenges
NEAR Protocol is capturing attention with a significant uptick in its total value locked (TVL), now at its peak since July, exceeding $654 million. This surge is driven by the influx into DeFi platforms like Burrow Finance, which itself has experienced a 23% increase recently, largely thanks to the Nightshade 2.0 upgrade that enhanced network scalability and efficiency.
Despite these strides, NEAR’s price remains in a downward trend, trading at $4.83, a decline from a recent peak of $5.22. While slightly above its 50-day moving average, NEAR struggles to exit its descending trajectory, underscoring the need to surpass substantial resistance to pivot towards a bullish reversal.
BlockDAG’s Strategic Triumph with Inter Milan
BlockDAG is rapidly gaining recognition as one of the prime altcoins for potential acquisition, especially with its impressive presale achievements. Currently, in its 22nd batch, the venture has amassed an impressive $68.5 million. Early backers have enjoyed returns of 1680% since inception, highlighting the escalating enthusiasm surrounding the project.
The alliance with Inter Milan boosts BlockDAG’s visibility exponentially, marking it as the club’s inaugural blockchain partner. This partnership entails prominent branding placements at the iconic San Siro stadium and across digital platforms, engaging millions of fans globally.
This collaboration extends beyond mere branding; it is a strategic initiative aimed at broadening BlockDAG’s reach, particularly in the European market. Leveraging Inter Milan’s extensive fan base, BlockDAG seeks to introduce a wider audience to blockchain’s potential, solidifying its market position as the presale progresses.
Final Insights
As Chainlink grapples with market resistance and NEAR Protocol addresses its challenges, BlockDAG is carving a niche as one of the most promising altcoins. With the presale already generating $68.5 million and providing substantial returns to early buyers, BlockDAG’s ascendancy in the blockchain sphere is evident. The strategic partnership with Inter Milan not only enhances its branding but also offers unique expansion opportunities.
As the presale momentum builds, BlockDAG is establishing itself as a formidable contender in the market, distinguishing itself amidst the ongoing developments in Chainlink and NEAR Protocol.
Join 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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