DeFi
BlockDAG increases, ; Solana Wanes, MATIC leads DeFi
Amid a slowdown for Solana and an uptick for Polygon in the DeFi space, BlockDAG (BDAG) steals the show with a 1,120% pre-sale spike and ambitious future price targets. Influencers have backed BlockDAG, boosting its visibility with promises to reach $10 by 2025, $20 by 2027, and $30 by 2030, making it an attractive investment prospect.
Solana encounters a downward trend
Solana (SOL) moved sideways between April 13 and May 15. As buying activity increased, SOL broke its upper resistance on May 16, reaching a high of $187 on May 20. However, it has since reversed, slipping below the critical $162 level. Currently, SOL is trading at $154, 5% below its breakout point and the 20-day exponential moving average (EMA), indicating less buyer interest and increased selling.
The MACD shows increasing selling pressure on Solana (SOL), with the futures markets taking a bearish turn and a 15% drop in open interest to $2.2 billion. This negative outlook could push SOL price to around $135.
Polygon Blockchain: developments in decentralized finance
Polygon has established itself as a key player in the decentralized finance (DeFi) space, with its native token, MATIC, growing in popularity. Polygon’s infrastructure supports essential DeFi services including lending, savings, and stablecoin projects. Its key offerings, such as Polygon PoS, Polygon CDK and Polygon zkEVM, enable developers to build scalable and secure DeFi applications.
Leading dApps like Polymarket, Aave, QuickswapDEX, Azuro Protocol, Balancer, and Yearn run on Polygon. Polymarket recorded a trading volume of $62 million in May. Aave, the largest DeFi protocol on Polygon, has a total value locked (TVL) of $460 million, making it easy to borrow assets and earn interest.
BlockDAG Price Prediction Climbs With Support From Influencer Arya
The recent Keynote 2 event generated widespread global interest, captivating a wide audience from crypto enthusiasts to academics. Notable support from prominent crypto influencer Arya has significantly increased BlockDAG’s pre-sale success, as seen in her latest YouTube video.
Arya’s video highlighted Keynote 2, BlockDAG’s website, the launch of the X1 Miner app and the dedicated team powering the project, sparking increased interest and investment. She also discussed BlockDAG’s mainnet launch planned in four months, with Devnet already successful and Testnet launch planned for mid-August. Media supports continue to improve the reliability of BlockDAG.
BlockDAG combines an advanced proof-of-work (PoW) system with a directed acyclic graph (DAG) structure to revolutionize the crypto scene. The presale raised $50.7 million, with a staggering 1,120% price increase from $0.001 in lot one to $0.0122 in lot 18, distributing over $11.5 billion. BDAG coins and over 7,800 miners, raising $3 million. Experts predict that BlockDAG’s price will reach $10 by 2025, $20 by 2027, and $30 by 2030, making it a potential goldmine.
BlockDAG’s early presale triumph is creating buzz and FOMO among potential investors. The exceptional 1,120% upside and substantial capital raised highlight the overwhelming confidence and interest in BlockDAG’s trajectory. Investors looking for substantial returns and pioneering technology in the crypto space should make BlockDAG a top investment destination.
Final Thoughts
While Solana struggles with downtrends and falling prices, Polygon is carving out a niche in the DeFi sector, supported by robust infrastructure and the growing adoption of its MATIC token. At the same time, BlockDAG has positioned itself as an investment gem, enjoying a 1,120% increase in pre-sales, supported by influential backers and innovative technology. With price targets set at $10 by 2025, $20 by 2027, and $30 by 2030, BlockDAG’s advanced PoW-DAG architecture, multimedia support, and successful developments make it a promising player in the crypto market.
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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