BlockDAG

Block

April

Optimism

Stellar

As Stellar (XLM) faces a 15% decrease and Optimism (OP) gets ready to boost its token supply by over 30 million, BlockDAG draws significant attention with advancements in its dashboard and the upcoming launch of its mainnet.
Currently in its 19th presale batch at $0.014, <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">BlockDAG</a> has sparked substantial investor interest, boasting a remarkable 1300% increase in value from its initial offering. Positioned as a premier layer 1 cryptocurrency, the nearing debut of BlockDAG’s mainnet and its presale achievements underscore its potential as a lucrative long-term investment. In a market rocked by the fluctuations of Dogwifhat (WIF) and Maker (MKR), BlockDAG emerges with a promising outlook for substantial returns.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/07/01/e755d2919edc08eba8d3eeb08204e662.webp" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-stellar-s-price-dip-and-trading-volume-concerns-span">Stellar’s Price Dip and Trading Volume Concerns</h2>
Stellar (XLM) has been underperforming, marked by a 15% drop over the past month. This downturn is mirrored in both spot and derivatives markets, where there’s been a significant reduction in trading activity, with derivatives trading reaching a one-month low. These trends suggest a diminishing interest from traders and a cloud of uncertainty over Stellar's future price movements.&nbsp;
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/07/01/c569c0d9f09e3f5dc797dad9806ac247.webp" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
The volume in the derivatives market has nosedived by 52% just in the last 24 hours, indicating a prevalent bearish sentiment. Stellar has recently broken through a crucial support level at $0.10 that was maintained from April to early June, now stabilizing around $0.09 and establishing it as the new support threshold.&nbsp;
<h2 dir="ltr" id="span-upcoming-optimism-token-release-and-its-implications-span">Upcoming Optimism Token Release and Its Implications&nbsp;</h2>
Optimism operates as a Layer-2 enhancement for Ethereum, aimed at speeding up transactions and reducing costs. The OP token is integral for governance, giving holders the power to influence decisions regarding network upgrades and policies.
<img src="https://cdn.thebittimes.com/images/2024/07/01/7e59b70ea4b7450bed3ed353204bca2e.webp" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;">
This June 30, Optimism plans to expand its circulating supply by introducing over 30 million OP tokens, which are earmarked for distribution to its investors and core contributors. This move, however, raises concerns among the crypto community about the potential impact on liquidity and price stability on major exchanges.
<h2 dir="ltr" id="span-blockdag-s-dashboard-upgrade-and-pre-mainnet-launch-excitement-span">BlockDAG’s Dashboard Upgrade and Pre-Mainnet Launch Excitement</h2>
BlockDAG's dashboard is meticulously designed to give users a detailed view of their investment status, featuring updates on hot news, current ranking, wallet balance, leaderboard insights, and a snapshot of the latest transactions. Additionally, a refined referral screen and a comprehensive transaction log enhance investor engagement and simplify portfolio management.
The transition from testnet to mainnet for BlockDAG is anticipated to shift the crypto landscape significantly. Development milestones like the Peer-to-Peer Engine, Block &amp; DAG Algorithm compatible with EVM, and Metamask integration are well underway, with a testnet set for mid-August followed closely by the mainnet launch.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/07/01/191604d42ee29dcae3a1e8e99db37c93.webp" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;"></a>
Fuelled by these dashboard enhancements and the anticipated mainnet launch, BlockDAG's <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">presale coin</a> continues to accelerate. Currently, in its 19th batch priced at $0.014, the presale has attracted $54 million from selling over 11.8 billion BDAG coins, supported by over 8200 miners. Early investors have witnessed a 1300% growth in their investments, and the momentum is expected to surge. A projected launch price of $0.05 could signify a 4900% increase for those who invest now.
<h2 dir="ltr" id="span-concluding-thoughts-span">Concluding Thoughts</h2>
Amid the struggles of Stellar and the expansion of Optimism’s token supply, BlockDAG positions itself as an appealing investment with its advanced dashboard and imminent mainnet launch. As the market navigates through volatility, evidenced by the price trends of Dogwifhat and Maker, BlockDAG’s strategic developments and presale progress present a compelling opportunity for substantial gains.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/07/01/901f185f391c42fc0999b840cc3c24f2.webp" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
Invest in the BlockDAG Presale Now:
Website: <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://blockdag.network</a>
Presale: <a href="https://purchase.blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://purchase.blockdag.network</a>
Telegram: <a href="https://t.me/blockDAGnetwork" target="_blank" rel="noopener noreferrer nofollow">https://t.me/blockDAGnetwork</a>
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank" rel="noopener noreferrer nofollow">https://discord.gg/Q7BxghMVyu</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/stellar-xlm-declines-op-to-unlock-30m-tokens-as-blockdag-surges-1300-attracting-investor-interest-tbt95194.html">https://thebittimes.com/stellar-xlm-declines-op-to-unlock-30m-tokens-as-blockdag-surges-1300-attracting-investor-interest-tbt95194.html</a>

Stellar (XLM) Declines & OP to Unlock 30M Tokens as BlockDAG Surges 1300%, Attracting Investor Interest

Table of Contents

TheBitTimes

Other articles published on Jul 2, 2024

How To Earn Passive Income With Moonbag Referral Programme: Unleash The Power Of Moonbag Stacking...

Paramount Sees Premarket Gains Amid IAC Takeover Bid Talks

Vitalik Buterin Spills Beans on These 2 Key Innovations

UpBots X BeInCrypto AMA Session

New Investor Protection Regulations in South Korea: What It Means for Crypto Investors

The recent performance of crypto mining stocks has significantly outpaced Bitcoin’s price growth ...

Join our free newsletter for daily crypto updates!