The prevailing market analysis presents a daunting outlook for the Kaspa price, while Bitcoin ETF inflow is observed in three consecutive sessions. Meanwhile, BlockDAG reaches another milestone as its presale surpasses $14.9 million amid the excitement surrounding its latest technical whitepaper release.
In response to the whitepaper’s unveiling, analysts have revised BlockDAG’s ROI projections to an impressive 30,000x. BlockDAG further solidifies its position in the spotlight with a grand Las Vegas Sphere event commemorating its extraordinary growth and achievements.
Jump Ahead To:
Bearish Prospects for Kaspa Price Analysis and Forecast
The price forecast for Kaspa’s price indicates a potential downturn to $0.117, with a more significant decline to $0.103 in a bearish scenario, representing a 17% decrease. The position below the Ichimoku Cloud confirms this bearish perspective. However, a potential recovery from $0.117 might challenge this forecast by targeting a break above $0.145, potentially negating the prevailing bearish sentiment.
The present market analysis depicts a daunting trajectory for Kaspa’s price, with recent trends and technical indicators signalling a bearish trend. A recent 10% correction obscures the price prediction as the price grapples with sustaining bullish momentum. The inability to breach the $0.145 resistance level resulted in notable liquidations, erasing over $404 million in bullish positions.
Bitcoin ETF Registers Three Sequential Sessions of Inflows
Contrary to speculation, Bitcoin ETF inflows have maintained a consistent upward trend for three consecutive sessions, with trading volume continually breaking records since receiving the green signal from the SEC.
However, a previous dip and outflows had created speculation that the demand for the Bitcoin ETFs might vanish.
Yesterday marked the accumulation of a total net inflow of $213 million into Bitcoin spot ETFs, marking the third consecutive day of such inflows. This surge in trading activity follows a recent dip that prompted speculation about investors’ demand for Bitcoin ETFs. The uptick in inflows, particularly in the lead-up to the halving, indicates a trend of investors potentially bolstering their BTC holdings ahead of the impending code update.
While institutional interest in Bitcoin continues to expand, future market indications hint at possible forthcoming volatility. Notably, the rising Coinbase Premium provides a clear indication of heightened Bitcoin purchases by US institutions.
BlockDAG’s Low-Code, No-Code: Turning Blockchain Visions to Reality
BlockDAG’s Low-Code/No-Code platform offers a user-friendly solution for individuals and businesses, eliminating the need for extensive coding expertise. This innovative platform simplifies the creation of utility tokens, meme tokens, and NFTs through pre-built templates that cater to various requirements. Users can easily customise these templates to suit their needs, leveraging an intuitive interface to streamline the deployment process.
By providing accessible tools for blockchain innovation, BlockDAG empowers users to accelerate development timelines and reduce time-to-market. This accessibility fosters a culture of innovation, allowing individuals and businesses to explore new ideas and projects within the BlockDAG ecosystem. As a result, BlockDAG facilitates the expansion of blockchain technology by welcoming diverse new projects and contributors.
BlockDAG Coin, or BDAG, functions as the primary native and utility currency within the BlockDAG ecosystem, playing a crucial role in facilitating various network operations and interactions. BlockDAG’s presales garnered an impressive $14.9 million, reflecting substantial investor confidence in its potential. Promising a remarkable 30,000x ROI, BDAG stands as a cornerstone in driving the ecosystem’s growth and success.
Final Thought
In light of Bitcoin ETF’s three sequential sessions of inflows and Kaspa price’s bearish forecast, BlockDAG is becoming a top crypto choice, already making over $14.9M following the release of its technical whitepaper, attracting investors with its innovative low code, no code smart contract platform and features that promise 30,000x ROI.
This strategic move is designed to simplify the digital currency creation process, enabling visionaries to bring their ideas to life with minimal coding expertise. Thus, BlockDAG is the best crypto right now.
Join BlockDAG Presale Now:
- Website: https://blockdag.network
- Presale: https://purchase.blockdag.network
- Telegram: https://t.me/blockDAGnetworkOfficial
- Discord: https://discord.gg/Q7BxghMVyuyu
The post BlockDAG Emerges as Best Crypto to Buy With 30,000x Projections & Low-Code No-Code Proposition, Eclipses Kaspa Price Amid Bitcoin ETF Inflows appeared first on Blockonomi.