Say Goodbye to Meme Coin Woes: BlockDAG’s 1120% Surge Dominates Over Dogwifhat Ranking & BONK Price
Recently, Dogwifhat’s ranking dropped out of the top 50 cryptos, while BONK struggles to recover from significant corrections. In stark contrast, BlockDAG (BDAG) is a stable and promising investment with immense growth potential and innovative technology.
BlockDAG, now in its 18th presale batch with $53.5 million raised, has surged 1120% in four months, demonstrating robust investor confidence. With its innovative low-code, no-code platform for developing utility tokens, meme coins, and NFTs, BlockDAG offers a compelling investment opportunity, emerging as one of the top crypto coins to invest in.
Dogwifhat Falls from Top 50 Cryptos After 38% Price Drop
Solana memecoin Dogwifhat (WIF) has dropped out of the top 50 cryptocurrencies by market capitalisation, experiencing a 38% decline over the past week. On June 23, its market cap fell 9% to $1.60 billion in 12 hours, affecting the Dogwifhat ranking and allowing Fantom (FTM) to overtake it.
Despite discussions of accumulation, crypto trader Blockgraze noted no significant buying activity. Dogwifhat, the fourth largest memecoin, is trading at $1.62. The price drop has caused a 25% decrease in open interest for its futures contracts. If WIF rebounds to $1.81, approximately $13.53 million in short positions could be wiped out.
Investor Confidence Boosts BONK Price Recovery
Recent bullish investor actions suggest a potential recovery for BONK price, possibly reversing the 50% decline experienced over the past month. After more than 11 days, BONK’s funding rates have turned positive, indicating that long contracts now dominate the market.
This suggests increased investor confidence and a willingness to pay a premium to maintain long positions, reflecting a bullish sentiment. Additionally, BONK’s high correlation with Bitcoin (BTC) at 0.94 means its price movements closely align with BTC. As Bitcoin stabilises and potentially rises, BONK’s price could benefit, leading to gains for its investors.
How BlockDAG Could Lead the Meme-Coin Industry
BlockDAG emerges as a beacon of stability and potential in the tumultuous crypto market. Currently, in its 18th presale batch at $0.0122, BlockDAG has surged 1120% in four months, reflecting strong investor confidence. The final batch is set to launch at $0.05 per coin, marking a 4900% increase and a potential 30,000x ROI.
Moreover, BlockDAG’s low-code, no-code platform revolutionises smart contract creation, making it accessible for developing utility tokens, meme coins, and NFTs. This platform allows users to create, manage, and deploy software applications by dragging and dropping components instead of writing code, simplifying development. It empowers a broader range of users, including non-developers, to participate in the blockchain ecosystem, potentially creating the next big meme coin.
The democratisation of development fosters greater innovation and inclusivity by streamlining the complex ecosystem, accelerating prototyping, and reducing development time. This approach presents an intriguing opportunity for developers and non-developers to build decentralised applications on BlockDAG blockchains.
In a market rife with volatility, BlockDAG’s strategic approach and robust technological foundation position it as the best crypto to buy now for substantial gains. Its strong growth potential and innovative development tools position it as a formidable player in the cryptocurrency market, offering significant returns for savvy investors.
Conclusion
Dogwifhat and BONK exemplify the volatility and risks associated with meme coins. In contrast, BlockDAG emerges as a stable and promising investment. With a remarkable 1120% surge in just four months and an alluring $53.5M raised in its presale, BlockDAG’s innovative low-code, no-code platform for developing utility tokens, meme coins, and NFTs positions it among the top crypto coins to invest in. BlockDAG’s potential for a 30,000x ROI further highlights its attractiveness, making it a compelling choice for investors seeking substantial returns.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer
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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, 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.
