CashNews.co
Those tracking the market in 2024 have likely noticed some severe drops, leading to one of the biggest crypto crashes ever.
By August 6, total market capitalization plummeted from $2.51 trillion to $1.95 trillion. With the XRP ETF still pending and Litecoin demonstrating a very uncertain price rally, it’s been challenging for many.
Bitnomial, a Chicago-based exchange, is rolling out cash-settled XRP futures contracts under the ticker “XUS,” edging the market closer to an XRP ETF. These futures, cleared by a registered derivatives organization, bring a new level of transparency with daily reports on trading volumes and open interest.
The Commodity Futures Trading Commission (CFTC) is on board, and with XRP already trading in multiple markets, Bitnomial believes market manipulation is unlikely. This development aligns with Ripple CEO Brad Garlinghouse’s prediction that an XRP ETF in the U.S. is “inevitable.” Bitnomial’s move certainly boosts confidence and sets the stage for potential market growth.
Litecoin (LTC) is flirting with a critical $63 resistance level, a stubborn barrier that has thwarted its progress since March. Recent market activity shows buyers getting bolder, pushing LTC towards higher lows. The stochastic RSI hints at a possible breather before another rally, while Open Interest is on the rise, signaling increased market participation.
If LTC can break and hold above $63, it might trigger a cascade of short liquidations, fueling a significant price surge. However, failure to clear this hurdle could lead to more sideways action or even a dip.
The crypto market is infamous for its wild crashes that often follow prolonged bull runs. Take August 2024, for example, when the total market capitalization tumbled from $2.51 trillion in May to $1.95 trillion by August 6. Seasoned crypto holders are no strangers to these rollercoaster cycles. But for newcomers, these price drops can be a real nail-biter.
This is where the BlockDAG comes with a presale designed to evade market crashes. While August 2024 brought the worst crash of the year, BlockDAG hit milestone after milestone. The BDAG coin skyrocketed by a stunning 1680% since its first presale batch, raising nearly $67 million and selling over 12.7 billion coins.
BlockDAG’s batch 21 sold out explosively at the time of writing, unlocking batch 22 with a significant price surge. And even with the market down, BlockDAG’s future looks bright. Currently priced at $0.0178 per coin, it’s expected to hit $1 by the end of 2024—a potential 5500% ROI for those in batch 22.
With the crypto world struggling, and some coins barely hanging on, BlockDAG offers a rare glimmer of hope. Over 100,000 people from 30 countries have jumped on board, and demand is through the roof. Batch 22, which just started, is already close to selling out.
Some of the biggest BDAG coin purchases have topped $2.4 million! Clearly, now is the time to get in on BlockDAG before its value multiplies by the time the market rebounds.
XRP ETFs are edging closer to approval, and Litecoin is grappling with key price levels. But as 2024’s market crash plays out, BlockDAG is proving that not every project crumbles under pressure. With a potential 5500% ROI still on the table, BlockDAG has become a standout success during a challenging time for crypto.
More than 100,000 people have turned to BlockDAG as a safe haven during these tough times. Currently priced at $0.0178 in batch 22, demand is so high that this batch is already close to selling out—helped by purchases as large as $2.4 million.
For those aiming to make the most out of crypto in 2024, BlockDAG’s batch 22 could be that rare, once-in-a-lifetime opportunity!
