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Crypto Market: Ethereum and Chainlink Strengthen Positions, BlockDAG Draws Attention

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by Giorgi Kostiuk

2 hours ago


Current market signals for Ethereum and Chainlink indicate their resilience, while the newcomer BlockDAG attracts attention from analysts due to its successful presale.

Ethereum Market Situation

Ethereum shows stability in volatile market conditions. Transaction volumes remain high, and DeFi usage continues to grow. Institutional support strengthens Ethereum's long-term prospects despite its slower growth rates. Analysts note that breaking through resistance levels may open new opportunities for price increases.

Chainlink Forecast and Potential

Chainlink's recent rally has increased its price from $21 to $26 in a week. Analysts project that LINK could reach the $30-31 range if it clears resistance. Expanding integrations in DeFi and traditional finance support these expectations. However, experts highlight that the pace of growth may slow after rapid spikes, with traders waiting for confirmation of further rises.

Success of BlockDAG and Its Presale

BlockDAG initially gained traction by raising over $382.5 million in its presale and selling 25.4 billion coins. The project's approach is based on the support of sports sponsorships and integrations, increasing its visibility among a wide audience. Furthermore, the successful execution of the strategy suggests that the value of BDAG may continue to rise even post-launch.

Ethereum and Chainlink continue to move forward in the crypto world, demonstrating stability compared to the new player BlockDAG, which, due to its successful presale and wide opportunities, is becoming increasingly noticeable.

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