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Polkadot has recently shown signs of recovery but is now trading beneath the 20-day simple moving average after an unsuccessful breakout. Meanwhile, Polygon shows varied results.
BlockDAG has recently implemented a novel four-month vesting policy and introduced 10 new payment methods into its framework. These forward-thinking tactics ensure prudent coin distribution and promote sustained growth, thereby increasing BlockDAG's attractiveness to investors and reinforcing its community ties.
Supporters of BlockDAG (BDAG) can take part in pre-sale and buy tokens here.
Polkadot (DOT) trading faces challenges below $7 despite initial success
This week began with a slight uplift in Polkadot trading, as DOT briefly exceeded the $7 mark after a strong weekend. Yet, its failure to cross the 20-day simple moving average—a key resistance point—led to a decline, positioning Polkadot again below $7. The early peak reached $7.47, but the price fell to $6.85, marking a 3.49% drop within the week.
Additionally, Polkadot saw a decline in development activity, with only 827 developers and over 5,000 code commits last week, lagging behind Ethereum and BNB Chain. Recent enhancements include Velocity Labs' integration of a fiat-to-crypto gateway with the Ramp Network to improve the Asset Hub in the Polkadot ecosystem. Despite these efforts, Polkadot is trading under its anticipated price of $7.70 on April 27, 2024.
Polygon (MATIC) demonstrates inconsistent performance
MATIC's performance is currently inconsistent, with prices oscillating between $0.64 and $0.77. Despite a significant monthly decline of 31.45%, it has registered a six-month gain of 15.65%. Forecasts suggest MATIC may see flat trading in 2-3 weeks.
If it surpasses the $0.56 resistance, prices could reach $0.70, potentially escalating to $0.96 if it stabilizes around the $0.83 mark. On the other hand, Cardano has seen turbulent market responses, marked by sharp price changes due to active trading, culminating recently in a strong uptrend.
BlockDAG boosts market appeal with strategic vesting and multiple payment options
After its impactful presentation of the OG BlockDAG keynote video in a high-traffic area of Tokyo, known for its global exposure, BlockDAG has taken strategic steps to boost its market appeal and solidify its community foundation.
The project has set a four-month fixed vesting period, backed by a $100 million liquidity reserve at its inception, to ensure stability and encourage sustainable growth. This strategy not only focuses on long-term growth but also aligns investors' interests with the project's success, thereby fostering trust and confidence within the community.
BlockDAG's coin distribution strategy includes distributing 40% of the coins at launch, followed by 20% after each of the first three months. Moreover, 1% of the coins are reserved for the team but locked for three years to guarantee commitment to the project's long-term goals.
To attract a wide range of investors, BlockDAG has expanded its payment options to include major cryptocurrencies like Bitcoin, USDT (tron), Kaspa, SHIB, Solana, XRP, and four others, enhancing the project’s credibility and appeal as a leader in innovative cryptocurrency solutions.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Alex Dovbnya
Denys Serhiichuk
Tomiwabold Olajide
