The cryptocurrency market is experiencing activity among several projects, particularly IOTA and Ethereum. The expected upgrade for IOTA and new inflows into Ethereum's ETF are indicative of growing investor interest.
IOTA Price Rises Ahead of Upgrade
IOTA's price is steadily climbing ahead of the anticipated Rebased upgrade scheduled for May 5. As of now, the price has reached $0.2415, marking its highest value in over two months and an 85% increase from April's low. The upgrade introduces staking and smart contracts, which are expected to support further price growth.
Institutional Investments Resurge in Ethereum
The Ethereum ETF market is showing signs of life with a fresh inflow of 40,000 ETH, breaking an eight-week streak of outflows. This development suggests an improvement in investor sentiment, with $183 million flowing into Ethereum-linked products last week, illustrating a return of institutional investments to the market.
BlockDAG's Current Successes and Referral Program
BlockDAG has launched its referral program, promising a 25% reward for every referred buyer. Additionally, new customers can receive a 5% bonus on their first order. The program has already generated over $225.5 million in presales and sold 19.6 billion coins. The starting price is set at $0.0019 until May 13, attracting interest from early adopters.
Currently, both IOTA and Ethereum are showing positive trends, indicating a renewed interest from investors. Upcoming upgrades and initiatives in projects like BlockDAG offer market participants new opportunities.
