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Reasons Why BlockDAG is the Best Cryptocurrency to Invest in 2024; Ethereum Price Forecast and Notcoin Market Cap Surge

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The recent approval of the ETH Spot ETF has led major financial institutions like BlackRock to choose Ethereum to tokenise real-world assets, supporting optimistic price forecasts for Ethereum. In contrast, Notcoin’s market cap has seen a significant increase, raising questions about the sustainability of this rapid growth, with some indicators suggesting a potential market correction. 

Meanwhile, BlockDAG (BDAG) has introduced batch 17 of its tokens, priced at $0.011 per BDAG coin, amassing $46.8 million. This presale success stems from its extensive marketing campaign and presence at key global locations, including Tokyo, Las Vegas, and London. BlockDAG’s advanced mining technology positions it among the top 10 cryptocurrencies, promising an impressive 30,000x return on investment (ROI). Investors eagerly watch BlockDAG and are excited about its innovative strategies and strong infrastructure. 

Ethereum Price Forecast: Strong Upward Momentum

Ethereum’s price has risen since the ETH Spot ETF approval, supported by industry giants like BlackRock, which uses Ethereum to tokenise real-world assets. Despite recent price consolidations, Ethereum maintains a positive long-term outlook, trading above its 50-day and 200-day simple moving averages (SMAs) and forming a potential bull flag that could push prices even higher. 

The real-world asset (RWA) sector, valued at $9.24 billion, is growing as BlackRock and other institutions issue tokenised U.S. Treasuries on Ethereum. This increased institutional trust in Ethereum suggests further price increases as RWA adoption expands. The backing of such influential entities bolsters Ethereum’s potential for sustained growth. 

Notcoin’s Market Cap Rises Amid Correction Warnings

Notcoin (NOT) has experienced a significant increase in value, reaching $6.63 per coin and a market cap of $16 billion. This rapid rise has been accompanied by concerns about its sustainability, with some indicators suggesting a potential market correction. 

A notable investor recently converted 50,550 NOT into $46.4 million before the recent surge. Notcoin now has 1.6 million holders, but despite the bullish sentiment, technical indicators like the Relative Strength Index (RSI) at 68.36 and resistance at the 1.0 Fibonacci level suggest a possible pullback. However, the 50-period Exponential Moving Average (EMA) might offer support if a correction occurs. 

BlockDAG’s Marketing Triumph and Mining Dominance

BlockDAG has rapidly gained attention in the cryptocurrency world, driven by the success of its marketing efforts and key presentations. The journey began with BlockDAG’s first keynote at Shibuya Crossing in Tokyo. It was followed by celebrating its DAGpaper release at the Sphere in Las Vegas, setting the stage for its momentum. BlockDAG’s global marketing strategy continued with a high-profile display at Piccadilly Circus in London, coinciding with its CoinMarketCap listing and unveiling a $100 million liquidity plan.

With BlockDAG’s second keynote launch against a backdrop of the moon, the presale has surged to $46.8 million, showcasing growing investor confidence. These coordinated efforts signal BlockDAG’s ambition to dominate the global cryptocurrency market, with its technical advancements earning praise from major publications like Forbes and Bloomberg. 

BlockDAG offers significant advantages over Bitcoin and Ethereum mining methods. Its ASIC mining series, highlighted by the X30, features a powerful 280 GH/s hash rate and advanced ASIC technology for optimal performance. The X30’s compact design and low noise levels make it ideal for novice and experienced miners. Generating 600 BDAG coins daily while consuming only 220 watts, the X30 can potentially yield up to $30 daily at launch price. This user-friendly and efficient method highlights BlockDAG’s superior mining infrastructure compared to Bitcoin and Ethereum’s energy-intensive and complex processes. 

Final Thoughts

Ethereum’s price forecasts are optimistic following the SEC’s approval of spot ETH ETFs. However, Notcoin’s technical indicators suggest a potential correction after its recent market cap and price surge. In contrast, BlockDAG’s marketing success and mining capabilities have earned it global recognition, propelling it into batch 17 and securing $46.8 million from the sales of 11.1 billion coins and 7,257 mining rigs. 

From Tokyo to Las Vegas and London, BlockDAG’s influence is rapidly expanding. With its cutting-edge technology and innovative approach, BlockDAG is poised to rank among the top 10 cryptocurrencies, capturing the attention of investors worldwide as analysts predict a 30,000x ROI for early investors. 

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