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Crypto Overview: Chainlink and Ethereum Face Challenges, BlockDAG Gains Momentum

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by Giorgi Kostiuk

3 days ago


The cryptocurrency market is experiencing fluctuations: Chainlink and Ethereum are struggling while BlockDAG shows steady growth.

Chainlink (LINK) Price Update

Chainlink (LINK) continues to hover around the $15.02 mark, with a key resistance level sitting at $15.30. If LINK breaks through this level, it may aim for $17. Technical analysis suggests growing buyer interest. However, confirmation is needed with a substantial move above $15.30; otherwise, LINK might remain in the $14.50 - $15.30 range.

Ethereum (ETH) Price Decline

Ethereum (ETH) dropped by 2.59% to $1,780.25 amid low trading volume, creating further uncertainty. This decline also reduced ETH’s market capitalization by 2.70% to $214.93 billion. Trading volume decreased by nearly 10%, indicating reduced activity and uncertainty in the market.

BlockDAG's Success After CertiK Audit

BlockDAG has successfully passed the CertiK audit, confirming the security of its smart contracts. The audit is part of a multi-layered security strategy that includes internal protocols and ongoing monitoring. To date, over 19.7 billion BDAG coins have been distributed, and the project has recorded a 2520% ROI.

The cryptocurrency market continues to face challenges as Chainlink and Ethereum raise concerns among traders. Meanwhile, BlockDAG presents positive outcomes, solidifying its stance amidst volatility.

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