Stories and Reviews
April 05, 2024

BlockDAG Presale Triumph: $13.3M Milestone Reached, Amid 21Shares’ Toncoin Staking ETP Launch

In Brief

Emerging as a major player, BlockDAG has quickly captivated the market, with its presale stage amassing over $13.3 million, aiming for a grand $600 million by 2024’s close. BlockDAG’s approach focuses on building a strong community and delivering tangible utility, making digital currencies more accessible and useful

In the relatively steady crypto market landscape last week, 21Shares made headlines by introducing a novel Staking ETP for Toncoin, listed on the Swiss SIX Exchange. This move seeks to leverage the expanding potential of The Open Network (TON), offering a regulated investment vehicle that promises to benefit from TON’s growth. 

Simultaneously, the AI-powered cryptocurrency Fetch.ai is expected to see a price increase of 12.74%. However, BlockDAG (BDAG) is stealing the spotlight, which has surpassed presale expectations by raising a formidable $13.3 million, with an eye on a lofty $600 million fundraising goal by the end of 2024.

21Shares Breaks New Ground with Toncoin Staking ETP

In an innovative step, 21Shares has rolled out a Staking ETP for Toncoin on the Swiss SIX Exchange, giving investors a regulated pathway to tap into the growth of The Open Network (TON). This ETP, fully backed by Toncoin, aims to reinvest staking proceeds to boost performance. 

Despite initial regulatory hurdles, Toncoin, the native token of the TON blockchain envisioned by Nikolai and Pavel Durov, has experienced a price surge, hitting new highs of over $5.6. This follows the transition of TON’s code to open-source and community-led development, after Telegram’s SEC confrontation, signaling a significant milestone in its ecosystem’s growth.

Predicted Surge for Fetch.ai

April 2024 forecasts indicate a promising uptick of 12.74% in Fetch.ai’s price, potentially reaching $3.30 by month’s end. The sentiment is bullish, with the Fear & Greed Index pointing to Extreme Greed at 79. Fetch.ai’s market stance seems neutral, with an RSI value of 63.03.

Technical analysis suggests a bullish outlook, with Fetch.ai’s 200-day SMA and 50-day SMA expected to rise, underlining the cryptocurrency’s robust technical backing.

BlockDAG Sets New Presale Records

Emerging as a major player, BlockDAG has quickly captivated the market, with its presale stage amassing over $13.3 million, aiming for a grand $600 million by 2024’s close. BlockDAG’s approach focuses on building a strong community and delivering tangible utility, making digital currencies more accessible and useful.

BlockDAG’s crypto payment card is a notable development created in partnership with a leading banking service provider. This card will enable the spending of BDAG coins and other cryptocurrencies at over 38 million locations globally, significantly enhancing the liquidity and practical use of digital currencies.

BlockDAG’s blend of blockchain reliability with DAG technology’s efficiency allows for up to 15,000 transactions per second, addressing critical blockchain challenges. BlockDAG demonstrates its commitment to blockchain innovation and user-centric design by celebrating its advancements at the Las Vegas Sphere.

Investors participating in the current presale at $0.0040 per BDAG coin could see a remarkable ROI upon launch, with a projected price of $0.05. BlockDAG has launched a $2 million mega giveaway for 50 community members in response to the enthusiastic presale reception, encouraging participation through social media engagement and wallet submissions.

Concluding Thoughts

As 21Shares introduces its Staking ETP for Toncoin, aiming to provide investors with a regulated method to benefit from TON’s advancements and staking yields, and with Toncoin achieving new price milestones, Fetch.ai’s market prediction signals a substantial price increase by the end of April 2024. Meanwhile, BlockDAG’s remarkable presale success, eyeing a $600M target by 2024 and promising a 20,000x ROI, has ignited investor interest. BlockDAG is a presale market sensation, underscoring the growing enthusiasm and investment potential in the evolving crypto landscape.


Invest In BlockDAG Now

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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