(MENAFN- GlobeNewsWire - Nasdaq) London, UK, May 03, 2024 (GLOBE NEWSWIRE) -- It's been two weeks since Bitcoin's fourth halving event, now the cryptocurrency market is experiencing a whirlwind of activity marked by both anticipation and volatility.
As Bitcoin's price trajectory continues its wild ride, analysts are projecting a milestone moment: the cryptocurrency is poised to surpass $100,000 in value within the next two months. Meanwhile, amidst the frenzy surrounding Bitcoin's post-halving performance, another cryptocurrency is making waves of its own. BlockDAG Networ is on a global expansion mission and comes in with a staggering $1 million a day inflow.
Post-Halving Bitcoin: What's Happening
Bitcoin's journey since its inception in January 2009 has been nothing short of a roller coaster ride, one characterized by remarkable highs and daunting lows. Born in the aftermath of the global financial crisis, Bitcoin emerged as a decentralized alternative to traditional currencies, promising to wrest control of monetary policy from governments and central banks. Conceived by the enigmatic figure Satoshi Nakamoto, Bitcoin quickly garnered attention for its potential to revolutionize the financial landscape through autonomous governance and decentralized control.
Yet, despite its tumultuous fluctuations over the years, the long-term trajectory has always been seen going upward and being on a road to positive growth.
Over the past decade, Bitcoin has evolved into one of the most captivating trading opportunities for anyone from weekend investors to serious business traders, with some reaping immense wealth of millions of dollars through Bitcoin trading over time.
In 2023, following months of speculation, the Securities and Exchange Commission (SEC) officially greenlit the trading of Bitcoin in an Exchange-Traded Fund (ETF). Subsequently, Bitcoin ETFs made their debut on Jan. 11, 2024. The introduction of Bitcoin ETFs in early 2024 sparked a surge of investment, contributing to Bitcoin's climb to a record-breaking high above $73,000 in March.
On April 19, 2024 Bitcoin successfully completed its fourth halving. During the event, Bitcoin was trading at approximately $64K. Following the halving, it experienced a brief rally, which saw the value go over $67,000 per BTC on April 22. However, it has since undergone a gradual decline, falling below $57,000 by May 1.
Now analysts anticipate a period of post-halving volatility, with Bitfinex projecting potential price consolidation lasting up to two months. The trading range for Bitcoin is currently seeing significant swings however, the positive impact from the halving is likely to manifest in the later months; The reports predict that in“two months Bitcoin price could reach $100,000 in value.”
$1M a Day for BlockDAG Network: What's Next
While BlockDAG Networ initially flew under the radar, it eventually emerged as a groundbreaking force in the world of finance and now the project has ushered in a new era of cryptocurrency.
The project has grown so much in the last month alone, it created a whole social media trend of its own with a dedicated hashtag #BlockDAGboom that's being seen all over twitter.
Currently, the project is in its tenth presale stage, having raised $22 million and sold 8.3 billion coins thus far. The recent unveiling of major updates and implementations, together with the recent mention in a Forbe article about post-halving Bitcoin and crypto start-ups, have further amplified excitement surrounding BlockDAG's innovative solutions and future potential.
Supported by a substantial $100 million in liquidity, the project is working to ensure market stability and enhance investor confidence as it progresses towards its mainnet launch, with a projected market capitalization of $600 million by 2024 and a price prediction that sees BDAG–the native coin being worth $10 by 2025.
Today, the crypto community is eagerly awaiting BlockDAG's official doxxing event scheduled for July 2024, yet another update that could significantly and positively influence the project's trajectory which is clearly on an upward momentum and with plans for global expansion and passive income democratization, BlockDAG Network can really make a difference in the current industry.
With its tenth presale stage underway and strategic future updates fueling excitement, BlockDAG Network is positioned to redefine the landscape of cryptocurrency, promising innovative solutions and global adoption. As the crypto community eagerly awaits BlockDAG's next milestones, the convergence of Bitcoin's ascent and BlockDAG's momentum signals a transformative period in the realm of digital finance.
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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Brown Williamssupport-at-blockdag
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