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Big things are happening in crypto. Uniswap, the largest decentralized exchange (DEX), grabbed attention with a $5 million ETH burn, boosting its role in DeFi.
There’s more action across crypto. Bitcoin Cash is hinting at a potential breakout, with some seeing a path to $500 if it clears key resistance levels.
In the biggest news, BlockDAG (BDAG) has passed $104.5 million in its presale, now aiming for a $600 million goal in the next few months. Its advanced Testnet and strong scaling features make BlockDAG a promising contender for 2024.
Uniswap Leads Ethereum Burns
Uniswap, the top DEX, leads Ethereum burns, showing its strong role in DeFi. Over the past week, it burned 1,841.9 ETH, worth around $5 million. This burn rate reflects Uniswap’s high transaction volume as users swap seamlessly.
By burning this large amount, Uniswap helps reduce Ethereum’s supply, which could impact its price. This process makes Uniswap essential in DeFi, adding to ETH scarcity. As more people use Uniswap, it’s clear it shapes the future of decentralized finance.
Bitcoin Cash Is At Breakout Point
Bitcoin Cash (BCH) is at a breakout point after meeting resistance from a downward trend since Q2 2024. BCH has been near $300 support for months but recently climbed to $364.80, showing some positive signs even as it faces nearby resistance.
If BCH breaks the $430 level, it could move up to $500 quickly. But if it can’t break out, it might fall back to $300. Indicators like the MACD show some bullish momentum, hinting at a possible 40% gain if it holds. Traders are watching closely for what comes next.
BlockDAG is Now on the Hunt for $600M in Presale
BlockDAG’s presale has now passed the $104.5 million mark,, a big step on its path to becoming a top crypto player in 2024. This drive comes mainly from its cutting-edge Testnet, which shows off BlockDAG’s speed, scalability, and strong ecosystem.
The excitement keeps growing. Experts predict that if the current pace holds, BlockDAG’s presale could reach $600 million in the next few months. This forecast is backed by the support of over 170,000 community members and the advanced technology behind BlockDAG.
BlockDAG’s high-speed Testnet and ability to tackle big blockchain issues like transaction speed and scalability have made it a favorite among crypto fans.
As more people see BlockDAG’s potential, the presale is expected to gain speed, making it one of the most talked-about altcoins in the market. Currently, BDAG coins are priced at $0.022 in batch 25, delivering a remarkable 2100% ROI since the presale’s first batch.
If this trend continues, BlockDAG could not only lead the presale charts but also reshape the crypto world with its tech and expanding ecosystem. For those looking to join a promising project early, BlockDAG stands out as one of 2024’s most exciting projects.
Final Analysis
Uniswap’s recent $5 million ETH burn strengthens its role in the DeFi space, adding to ETH scarcity and shaping Ethereum’s future. Meanwhile, Bitcoin Cash nears a key breakout, with traders watching for a possible rise to $500.
But BlockDAG is in the spotlight, surging past the $104.5 million mark! This progress sets the project on track to become a major player in 2024. Its unique Testnet and growing community could drive it to the $600 million target by the presale’s end.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Source: https://coinedition.com/bdag-poised-to-hit-600m-next-uniswap-burns-5m-eth-bch-rises/