Over the past week, there has been a notable surge in wallets engaging with Solana NFTs for the first time. Meanwhile, the Cardano price prediction appears bearish following its sustained downtrend.
However, BlockDAG’s dashboard upgrade, which revealed the top whales, and its innovative low-code, no-code technology have propelled the project into batch 14, amassing nearly $29.2 million and selling over 9.4 billion coins. With projections of a potential 30,000x ROI, BlockDAG is emerging as the top crypto presale.
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Surge in First-Time Wallets and Activity Boosts Solana NFT Ecosystem
Over the past seven days, a notable surge in first-time wallets engaging with Solana NFTs, especially within top collections, indicates a growing interest in the Solana NFT ecosystem.
Recent data from Tiexo shows a slight hike in Solana NFT volumes, a 1.43% increase from the previous week. Similarly, Solana Floor reported a 24-hour volume of $3.8 million, marking a 4% appreciation. Despite these increases, Solana remains ranked behind major platforms like Bitcoin and Ethereum.
Cardano (ADA) Faces Bearish Outlook
Cardano (ADA) is on a downtrend despite a 7.4% bounce from Wednesday’s lows. Technical analysis indicates market bulls face a tough battle to reverse this trend. The RSI is neutral at 46.8, but the price action shows a strong downtrend with lower highs and lower lows.
The OBV’s inability to climb above local resistance and sustained selling pressure further support this bearish outlook. Cardano’s price prediction remains negative, with the 23.6% extension level at $0.3 as the next target. The increase in Open Interest in May has not been strong, indicating speculators are cautious about going long on ADA.
BlockDAG Unveils a Groundbreaking Dashboard Update
BlockDAG, the world’s most advanced layer 1 blockchain, features a Low-Code/No-Code Platform for easy, plug-and-play smart contract creation. This approach allows users to develop utility tokens, meme coins, and NFTs without extensive coding skills. Alongside the Proof of Engagement Mobile Application, BlockDAG enhances user interactions and scalability while significantly reducing transaction fees, making blockchain technology accessible to a wider audience.
Recently, BlockDAG unveiled a groundbreaking update to its dashboard, setting a new standard in the cryptocurrency world with enhanced functionality and real-time updates. One of the standout features is the ‘Leaderboard Preview,’ which showcases the top 30 purchasers and their coin purchases in USD.
This feature adds a competitive edge to the user experience by categorizing users into tiers based on their investment amounts: Crab ($0-$99), Tortoise ($100-$999), Fish ($1,000-$9,999), Shark ($10,000-$49,999), and Whale ($50,000 and above). This tiered ranking system encourages more significant investments and fosters a sense of community and competition among users, enhancing overall engagement on the platform.
The Takeaway
With a notable surge in first-time wallets engaging with Solana NFTs, there is growing interest in the Solana NFT ecosystem. Meanwhile, Cardano’s price predictions remain negative as it struggles to break out of its downtrend. On the other hand, BlockDAG has revolutionized its platform with a groundbreaking dashboard update featuring a ‘Leaderboard Preview’ that ranks top purchasers into tiers, fostering competition and community engagement.
Its low-code, no-code platform allows easy creation of smart contracts, utility tokens, meme coins, and NFTs, making blockchain accessible. With astonishing presale numbers of $29.2 million and 9.4 billion coins sold as it enters batch 14, BlockDAG emerges as one of the top crypto presales.
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Website: https://blockdag.network
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.