This week brings exciting updates on the challenging conditions for two major market players, alongside an easy profit-making opportunity for traders!
After an Arbitrum ARB price drop to $0.038, ARB has made a notable rebound of 26%. Yet, most holders are still seeing red. Meanwhile, Ethereum’s recent price spike is facing hurdles, with potential liquidations looming around the $2,600 mark, clouding its short-term outlook.
On the flip side, BlockDAG (BDAG) is booming, with over 500k users mining crypto via its X1 app and another 200k on the TG Tap Miner! These platforms provide a simple gateway—even for beginners—to mine BDAG right from their smartphones. Crypto enthusiasts, from novices to seasoned traders, are swarming to these platforms, driven by analyst predictions of BDAG reaching $1 this year!
Arbitrum (ARB) recently witnessed a 26% surge from its low at $0.37, but most holders are still facing losses. Only 1% are breaking even, while the majority grapple with unrealized losses amidst ARB’s price fluctuations. Despite a rally late in 2024, this Arbitrum price drop poses numerous challenges for the altcoin, with resistance around $0.60 and crucial support at $0.47.
The IOMAP tool reveals significant selling pressure between $0.52 and $0.53, potentially capping further gains. If the bearish market persists, another ARB price drop to $0.38 could be on the horizon.
Ethereum’s recent surge toward $2,800 has triggered a wave of short-position liquidations. Yet, the looming $2,600 liquidation pool—comprised of positions at risk of closure if ETH dips to that level—injects uncertainty.
A drop below $2,670 might set off more Ethereum liquidations as it hits the critical $2,600 zone, potentially driving prices lower. If Ethereum maintains above $2,600, it might continue its ascent; however, a fall below this threshold could trigger further liquidations and deepen the price drop.
BlockDAG’s adoption is skyrocketing through its top crypto miner tools—the X1 Miner app and the TG Tap Miner game—thanks to its community-centric approach. The X1 Miner now boasts over 500K active users, while the Telegram-based TG Tap Miner has reached 200K. These figures underscore the rising demand for user-friendly tools that democratize access to blockchain and cryptocurrency, with BlockDAG leading the charge by making these technologies accessible to all.
The TG Tap Miner adds a fun element by allowing users to earn Tap Points, convertible into BDAG coins, blending gaming with crypto earning. The X1 Miner app further simplifies the process, enabling users to mine BDAG directly from their smartphones—eliminating the need for costly hardware or advanced skills.
This momentum is supported by BlockDAG’s stellar presale performance, nearing $200 million. With such growth, analysts see BDAG, priced at $0.0248 in batch 27, soaring to $1 by 2025. For crypto enthusiasts, this means accumulating BDAG now could lead to substantial returns when BDAG reaches its anticipated price. Daily, thousands of new users join these platforms, keen to increase their BDAG holdings with minimal effort.
ARB battles tough resistance at $0.60, with a potential further drop to $0.038. Ethereum’s mounting liquidation pressures could worsen if it dips below the $2,600 mark, possibly leading to price declines.
However, amidst these uncertainties, one altcoin offers a clear path to substantial profits—BlockDAG! Projected to hit $1 by 2025, its growth trajectory is unmatched. Its top crypto mining tools, the X1 app, and TG Tap Miner, provide a straightforward way for anyone to start earning from their phones without needing expertise.
With over 700k users across both platforms, those aiming to build a significant BDAG stash before BlockDAG’s mainnet launch should act swiftly, as mining competition will intensify over time.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu