Tue, November 12

BlockDAG To Announce CEO On July 29, Prices Expected To Surge By 40%; BNB Rises As Cosmos Transactions Halt

Press Release

BlockDAG (BDAG) is on a bullish trajectory, with the much-anticipated CEO and team announcement set for July 29th. This reveal aims to strengthen community bonds and enhance transparency, potentially driving the price up by 40% and boosting investor confidence. Meanwhile, Cosmos has paused transactions due to network upgrades, impacting investor activity. Conversely, BNB continues to attract investor interest with its ongoing bullish trend.

BlockDAG’s innovative ecosystem and successful presale progress make it a standout in the crypto market. With $59.6 million raised from selling 12.2 billion coins across 20 presale batches, BlockDAG is emerging as a top choice for investors seeking advanced technology and strong leadership in the crypto sector.

Cosmos Transactions Paused for Upgrades

Starting July 17, 2024, the cryptocurrency exchange Upbit halted Cosmos (ATOM) transactions due to scheduled network upgrades. This suspension affects both ATOM deposits and withdrawals, with no set date for resuming services. Investors are advised to avoid ATOM transactions during this period to prevent asset transfer and return issues.

Similarly, Sei (SEI) transactions will be paused from July 15, 2024, due to network updates. Binance will also conduct wallet maintenance on July 17, temporarily halting all network transactions. The resumption of Cosmos (ATOM) transactions will depend on the stability of the post-upgrade network.

BNB Remains Strong in a Volatile Market

BNB shows resilience amid market fluctuations, maintaining a bullish trend. After holding the $460 support level, BNB faces resistance at the 100-day EMA of $561. If it breaks above this level, it could end the correction phase, potentially pushing BNB to $597 and $635, representing a 19% increase.

Conversely, if BNB falls below this point, it could drop beneath the 200-day EMA at $500, targeting the $495 support level. Despite these challenges, the market conditions still favour a bullish trend for BNB, with significant gains possible if it overcomes current resistance levels.

BlockDAG’s Major Team Reveal to Strengthen Community Engagement

BlockDAG plans to enhance community engagement with the upcoming reveal of its CEO, Executive Team, and Advisory Board on July 29th. This event will allow the community to connect with the leaders behind this promising crypto project, highlighting their academic and professional expertise. Following the reveal, an ‘Ask Me Anything’ (AMA) session is scheduled for July 30th, where the CEO will address the community’s pressing questions, promoting further transparency and interaction.

These events are generating significant excitement within the crypto community, increasing participation and investments in the presale. The anticipated reveal and subsequent AMA are expected to trigger a surge in the presale price, reflecting the growing confidence among investors in BlockDAG’s market-leading potential.

BlockDAG’s ecosystem is also at the forefront of innovation, combining Proof of Work (PoW) with essential protocols for efficient transaction processing and consensus building. Its DAG Formation algorithm and Low-Code/No-Code capabilities simplify decentralised app development and improve ASIC miner efficiency. With features supporting staking and secure peer-to-peer transactions, BlockDAG is a leading figure in decentralised finance, offering a compelling investment opportunity.

Key Insights

BlockDAG’s innovative ecosystem and the upcoming CEO and team reveal are set to drive prices up by 40%, affirming its status as a leading bullish cryptocurrency. With $59.6 million already raised from 12.2 billion coins by Batch 20, the project demonstrates strong investor confidence.

While Cosmos transactions are temporarily suspended due to network upgrades, and BNB continues its bullish trajectory, BlockDAG remains the top choice for investors seeking cutting-edge technology and strong leadership in the crypto space.

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A Professional HR with a huge interest in blockchain technology and cryptocurrency. Through her content writing skills, she became a passionate contributor to the crypto space. Being an active crypto enthusiast she is investing her time and experience into the digital sphere.