Bitcoin

Bitcoin Network and BlockDAG Among Top “Crypto Gainers” of the Year

Published

9 months ago

9 May, 2024

BlockDAG Network

London, United Kingdom, May 9, 2024 (GLOBE NEWSWIRE) — The year 2024 has proven to be an exceptional year for the cryptocurrency market. The introduction of Bitcoin ETFs in the United States generated a wave of positive sentiment across the industry, boosting not just Bitcoin but virtually the entire spectrum of crypto assets.

As we navigate this dynamic landscape, we aim to highlight the year’s top “crypto-winners” – the fastest growing cryptocurrency assets in 2024. By identifying these projects, we provide insights into which digital assets have demonstrated the most robust growth to date in the year and the names that investors should pay attention to in the coming months.

Among these featured artists are the iconic Bitcoin and the more recent BlockDAG Networka rising star in the blockchain space, positioned as one of the most traded and influential coins in the industry today.

Top “crypto earners” in 2024 – Bitcoin in first place

Bitcoin, the original cryptocurrency, has long been hailed as the “gold standard” of digital assets. Its journey from obscurity to mainstream adoption has been nothing short of remarkable. In 2024, Bitcoin reached new heights, also driven by the introduction of Bitcoin ETFs in the United States. This opened the floodgates for institutional investors, injecting new capital into the crypto market and driving prices to unprecedented levels.

March witnessed Bitcoin reaching its highest peak as prices rose to $73,500. This historic milestone highlighted Bitcoin’s resilience and enduring appeal as a store of value and hedge against inflation. The event was also punctuated by the April halving, a recurring phenomenon incorporated into the Bitcoin protocol that reduces the rate of creation of new coins. This scarcity mechanism has historically fueled price surges, leading many analysts to speculate about Bitcoin’s future trajectory.

Looking ahead, analysts predict that Bitcoin could reach $100,000 by September 2024, driven by a confluence of factors including growing institutional adoption, the proximity of the US presidential election, decreasing supply and increasing general acceptance. This bullish sentiment has energized the crypto community and propelled Bitcoin once again to the forefront of global financial discussions.

BlockDAG Network comes in second place

Amid this scenario of Bitcoin’s rise, BlockDAG Network stood out as one of the best performers of the year. Leveraging its innovative architecture and strategic market presence, BlockDAG Network has captured the imagination and attention of a global cross-section of digital investors. With its focus on scalability, security and democracy, BlockDAG Network gained prominence in the sector that has now positioned it among the biggest earners of the year.

The story continues

This position and title was obtained through a series of notable achievements and milestones achieved by the project in just a short span of time. BlockDAG Network’s growth trajectory has been impressive, marked by a steady expansion of its user base and global audience.

This increased interest and adoption has translated into tangible results, with BlockDAG Network pre-sales recently surpassing the $24 million mark in funds raised. This substantial inflow of capital is a testament to the project’s solid fundamentals, as well as investors’ confidence in its vision and execution.

Additionally, BlockDAG Network’s strategic approach to community engagement and outreach has further boosted its growth and visibility. Through active participation in industry events, strategic partnerships, and targeted marketing efforts, BlockDAG has effectively expanded its reach and solidified its position as a leader in the blockchain and mobile mining space. The project’s commitment to transparency and frequent updates has fostered trust and enthusiasm among its growing global community, which further drives adoption and usage of its platform.

In terms of innovation, BlockDAG Network continues to push the boundaries of what is possible in blockchain technology, introducing new features and solutions that address real-world challenges. Whether improving scalability, improving transaction speeds, or strengthening security measures, the BlockDAG Network remains at the forefront of innovation, driving progress and shaping the future of decentralized finance. The project’s dedication to continuous research and technical development ensures that it remains ahead of the curve, anticipating and adapting to emerging trends and opportunities in the rapidly evolving crypto landscape.

Looking ahead, BlockDAG Network is poised for even greater success as it continues to execute on its ambitious roadmap and vision. With a growing, global community of supporters, a robust infrastructure, and a clear focus on delivering value to users, BlockDAG Network is well positioned to sustain its momentum and solidify its position as a top performer in the crypto market. As the project continues to gain traction and recognition as one of the top performers in the digital finance space, investors and stakeholders can look forward to an exciting journey of growth, innovation, and passive prosperity with the BlockDAG Network.

As we reflect on the year’s top crypto winners, it is clear that Bitcoin and the BlockDAG Network stand out as good examples of success and resilience in the digital finance industry. With Bitcoin leading the charge towards $100,000 and the BlockDAG Network paving its own path to prominence, the future of cryptocurrency has never looked brighter.

Read about BlockDAG pre-sale:

Website: https://blockdag.network

Pre sale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.

CONTACT: Brown Williams support (at) blockdag.network

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SatoshiTimes Staff

We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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