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Polygon (MATIC) has seen substantial whale activity, with major holders divesting millions of tokens, resulting in dramatic short-term price fluctuations despite a promising long-term forecast. Ethereum’s supply on exchanges has catapulted to a 34-month zenith, with $19.52 million ETH now available.
However, the crypto market sees the transition as BlockDAG‘s prestigious partnership with UFC champion Alex Pereira. This powerful unity between pioneering blockchain technology and elite athleticism arouses investor intrigue, shaking the market. Thus, BlockDAG ushers popular crypto coins with an impressive presale of $60 million and a 1400% increase from the initial price.
Polygon (MATIC) Investors Sell Off Despite Positive Sign
Polygon, known for scaling Ethereum and creating interconnected blockchain networks, has recently experienced significant whale activity, with large holders selling millions of MATIC tokens. This has caused notable price volatility and concerns about short-term performance.
Moreover, MATIC options worth $751.80 million will soon expire, with a put-call ratio of 0.76 and a max pain price of $0.51, just below the current price of $0.516. Despite this, Polygon’s long-term outlook remains positive. Additionally, Polygon has scheduled the migration from MATIC to POL tokens for September 4, further impacting market dynamics.
Ethereum Supply Surges to 34-Month High
The Ethereum supply on exchanges has reached a 34-month high, with $19.52 million ETH now available, as the price surpassed the $3,500 mark. Ethereum’s daily trading volume risen by 7.6% to $19.8 billion.
Despite this uptick, whale transactions have dropped by 12%, indicating that smaller deposits drive the increase. The ETH Relative Strength Index (RSI) at 60 points to slightly overbought conditions. The anticipated launch of spot ETH ETFs in the U.S. on July 23 fuels this recent price surge.
BlockDAG & UFC Champ Alex Pereira Partnership Illuminate Blockchain
BlockDAG has forged an elite partnership with UFC champion Alex Pereira, highlighting a powerful synergy between the innovative blockchain platform and the world-class athlete. Pereira and BlockDAG exemplify similar qualities such as strength, agility, and the relentless pursuit of excellence. This partnership is a unique blend of sportsmanship and cutting-edge technology that aligns the respective goals and ambitions of both BlockDAG and Alex Pereira.
Unlike conventional blockchain technologies, BlockDAG is a proof-of-work consensus mechanism aiming to reinvent the crypto sphere with its cutting-edge Directed Acyclic Graph structure. It prioritises security and champions an eco-conscious environment, paving the way for sustainable digital transformations. Its exceptional speed and efficiency, achieving 10 blocks per second and aiming for 100+, set it apart. BlockDAG’s layer 1 technology provides access to smart contracts, secure mining, and optimised performance, with cryptographic algorithms safeguarding transactions.
Moreover, BlockDAG’s mission to explore what’s possible in blockchain technology boasts the fastest transaction processing speed (TPS) among its peers, which perfectly complements Pereira’s ethos. BlockDAG combines very rapid confirmations with minimal fees, resulting in a high transaction throughput of 10000–15000 TPS. BlockDAG’s technology handles high-volume, time-sensitive applications with scalability, efficiency, and revamped transaction processes.
With these innovative and efficient features, BlockDAG has gathered investors’ interest. It has seen a remarkable presale performance, surging to $60 million and achieving a 1400% growth from the initial batch. Starting at $0.001, BlockDAG is now valued at $0.015, and the predicted launch price is $0.05. Experts consider this partnership with Alex Pereira to enhance BlockDAG’s visibility and appeal, combining the excitement of top-tier athletic performance with revolutionary blockchain technology.
Final Words
Polygon investors remain in volatility caused by significant activity and Ethereum’s exchange supply reaches a 34-month high due to impending ETF launches. However, the crypto community’s major focus has shifted to BlockDAG, which has rapidly risen through an elite partnership with UFC champion Alex Pereira and a remarkable presale performance. BlockDAG’s presale surged to $60 million, reflecting a 1400% increase from its initial price. Experts affirm BlockDAG’s reign among popular crypto coins due to its innovative capabilities and strong market position.
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Disclaimer: This sponsored content is not a part of NFTgators’ editorial views and is not an investment advice. Do your due diligence before making any decision.