Kaspa Dips, Ethereum Faces Resistance & BDAG Gains from Soccer Deals and $30 Price Forecast

September 19, 2024 LisaLisa 0 Comments

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Kaspa’s value has fallen by 3% over the last day, continuing a trend of decline over the past week. Meanwhile, Ethereum is having trouble surpassing the resistance level of $2,327, with potential risks of a 9% fall if it fails to break through. Both cryptocurrencies are experiencing a downturn, prompting market watchers to look for signs of recovery.

Amid these market movements, BlockDAG has been capturing attention with significant soccer partnerships, including deals with Borussia Dortmund and Inter Milan, and rumors of a new collaboration with a Premier League team. These partnerships and 30,000x ROI potential are driving BlockDAG’s popularity and setting the stage for its predicted rise to $30 by 2030.

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Kaspa Price Drops Further, Ethereum Faces Resistance Challenge

Kaspa’s price has declined by 3.06% in the last 24 hours, bringing its current value to $0.15. This marks a continuation of its downward trend from the previous week, during which the cryptocurrency fell by 7%, from $0.16 to $0.15. The trading volume for Kaspa has also seen a 22% decrease, despite a slight increase in its circulating supply, which now stands at 24.61 billion KAS, or 85.75% of its total supply. With a market cap of $3.72 billion, Kaspa is currently ranked 28th among cryptocurrencies, with market watchers noting its price volatility and expressing concerns about its short-term prospects.

Ethereum’s Price Struggles at Resistance Level

Ethereum is currently facing challenges as it struggles to surpass the resistance level of $2,327. Following a 12.37% decrease last week, Ethereum experienced a slight increase of 0.22%, trading at $2,302 as of Monday. Should it fail to break through the resistance, a further decline of up to 9% to $2,118 is anticipated. Technical indicators such as the RSI and AO suggest that the downward pressure may persist.

Conversely, if Ethereum manages to break above the $2,327 resistance level, it could potentially rise by 5.8% to retest the $2,564 mark. Market participants are closely monitoring the situation to determine if Ethereum can successfully overcome this resistance or if it will continue on its downward trajectory.

BlockDAG’s Soccer Partnerships Boost Its Profile and Sales

BlockDAG has made headlines with its recent partnerships with European soccer clubs Borussia Dortmund and Inter Milan, enhancing its visibility through prominent LED displays at Signal Iduna Park and San Siro Stadium. These collaborations have significantly elevated BlockDAG’s market presence, propelling its presale to a remarkable $72.5 million and influencing predictions that BDAG could reach $30 by 2030.

The impact of these partnerships is reflected in the sales figures: over 12.9 billion BDAG coins have been sold, with the price per coin rising from $0.001 in the first batch to $0.0178 in the 22nd batch—a striking increase of 1680%. The roles of Dortmund and Inter Milan have been pivotal in this surge, contributing to the sustained momentum of the presale.

Adding to the excitement are rumors of a new deal with a top Premier League club and 30,000x ROI potential. Such a partnership could further elevate BDAG’s price, with some forecasts suggesting a potential rise to $30 by 2027.

The Current Crypto Climate

While Kaspa and Ethereum grapple with their challenges, BlockDAG thrives, buoyed by strategic sports partnerships. Presently valued at $0.0178, BlockDAG’s established and potential collaborations might significantly boost its market value. Projections are placing BDAG at $30 by 2030 wiht rumors for 30,000x ROI potential, presenting it as a compelling option for cryptocurrency enthusiasts eager for the next major development.