As Bitcoin Cash braces for its upcoming halving, one can’t help but wonder: what role will it play in shaping its future and the broader cryptocurrency landscape? The spotlight, however, veers towards the rising star BlockDAG (BDAG). Its groundbreaking 20,000x ROI projection, coupled with the BlockDAG Network’s impressive transaction throughput of 10,000-15,000 TPS, has propelled the presale over the illustrious $12.4 million threshold and captured the attention amidst AXL’s bullish price outlook.
The article examines how these events and developments are shaping the landscape of top crypto coins right now, focusing on the potential implications for investors and the broader cryptocurrency market.
Bitcoin Cash Halving: Impact on Mining and Price Dynamics
The Bitcoin Cash (BCH) halving event, scheduled for Tuesday when the block height reaches 840,000, will reduce the block reward from 6.25 BCH to 3.12 BCH, decreasing the rate of new coin generation. This event, occurring every four years, is expected to increase mining difficulty and hash rate, currently at a high of 4.50 EH/s.
While the BCH price tends to follow Bitcoin, it faces challenges as a “zombie coin” with limited usage. The price has shown strength but formed a bearish shooting star pattern, pointing to a possible pullback to $526.
AXL Price Analysis: Bulls Defend Key Levels Amidst Indecision
The AXL price analysis indicates a period of indecision as the price hovers around the 20-day EMA at $2. Despite bearish attempts, the bulls have kept the price above the EMA trend lines, with the current price at $2.06.
A drop below the 20-day EMA could see the price decline towards the uptrend line, where buyers must hold to prevent a shift in momentum. If the price exceeds $2.2, it may signal a bullish trend towards the $2.6 resistance level. The Relative Strength Index (RSI) near the centre reflects a balance between buyers and sellers.
BlockDAG’s Impressive Transaction Throughput and Presale Success
BlockDAG stands out in the cryptocurrency landscape for its high transaction throughput of 10,000-15,000 TPS, surpassing traditional blockchain networks like Bitcoin and Ethereum. This impressive capacity indicates a robust and efficient network capable of smoothly handling a large volume of transactions.
The BlockDAG Network Ecosystem has introduced Explorer, a platform that allows users to conduct an in-depth analysis of the BlockDAG Network. This tool acts as a search engine for real-time data, enabling users to trace transactions from their inception to their current state. It provides access to information on specific transactions, public wallet addresses, deployed contracts, and nodes connected to the network, enhancing transparency and user engagement.
BlockDAG’s success is further highlighted by its presale achievements, having sold over 6.3 billion coins and raised over $12.4 million. Currently, in its 6th batch of presale with each coin priced at $0.0035, BlockDAG continues to garner attention and investment. BlockDAG recently launched its latest technical whitepaper amid its incredible presale bull run, which the project celebrated with a massive display on the monumental Las Vegas Sphere that stands as a testament to its growing prominence in the blockchain space.
BlockDAG: Top Crypto to Invest In Right Now
Both Bitcoin Cash Halving and AXL price analysis showcase interesting opportunities. But they fail to match the spirit upheld by BlockDAG (BDAG), being a top contender among the crypto coins existing right now. With its remarkable transaction throughput of 10,000-15,000 TPS and its successful presale with 20,000x ROI projections, BlockDAG demonstrates a strong potential for growth and innovation in the blockchain space. Its unique features and robust network make it a promising investment for those looking to diversify their cryptocurrency portfolio.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
