October is shaping up to be an interesting month for the crypto market. XRP recently faced a decline, falling 4% after Ripple’s token unlocking event, despite Bitwise filing an XRP-based ETF.
Meanwhile, Sui (SUI) is riding strong bullish momentum, nearing an all-time high of $2.18, driven by a 65% rise in Total Value Locked (TVL).
While XRP and SUI are showing potential, BlockDAG has proven itself as a top layer 1 cryptocurrency with unparalleled presale success. Massive whale activity following a successful testnet launch helped the company raise $2 million in one day.
This rapid presale increase brought the presale to $80 million, paving the way for BlockDAG to reach its presale goal of $600 million.
XRP Price: Market Reaction to Token Unlocking
XRP recently experienced a price drop after Ripple launched a 1 billion token unlock event in October this year. After surging to around $0.66, XRP struggled to maintain its upward momentum. Last week, the token fell from a high of $0.6336 to $0.5843, a loss of 4%.
Ripple’s strategic token releases, while carefully timed to avoid market shocks, often lead to short-term bearish sentiment. Trading volume increased by 63%, with $2.79 billion worth of XRP moving between wallets. Despite this decline, XRP showed resilience with a 2% increase.
SUI Price Nears All-Time High Sui (SUI) is gaining momentum as it approaches an all-time high of $2.18 due to a significant rise in Total Value Locked (TVL). Sui’s TVL has risen 65% in the past 30 days, topping the $1 billion mark. This increase in capital within the network created bullish sentiment and pushed up the price of SUI.
The growth of the Sui ecosystem was fueled by the recent launch of Sui Bridge. With $750 million in open interest and increased liquidity, SUI is inching closer to breaking past resistance levels. However, if SUI fails to maintain its momentum, it could face further declines, with some investors becoming cautious about its near-term prospects despite recent growth.
BlockDAG raises $2 million in one day: Pre-sale goal of $600 million is on the horizon!
BlockDAG secured a record $2 million in pre-sale funding in one day due to increased whale activity following the successful launch of Testnet. Pre-sales have now topped a staggering $80 million. This amazing achievement shows that confidence in BlockDAG’s potential is growing as crypto whales dive into the project.
BlockDAG’s recent successful testnet results are a key factor behind this momentum, demonstrating its world-class scalability and user-friendly features. These advancements have caught the attention of both new and existing BDAG holders, making BlockDAG a standout choice in the current crypto market.
The increased whale activity that fuels BlockDAG’s pre-sale success is not only increasing market confidence but also increasing demand for BDAG coins. As more holders participate in the presale, speculation is growing that the future value of the coin will reach $30 by 2030.
The project has attracted over 140,000 unique holders and has seen significant growth with each pre-sale batch. From the initial price of $0.001 in Batch 1 to the current $0.0192 in Batch 23, BDAG’s value has soared 1820%, highlighting the strength of the project.
BlockDAG has already raised $80 million in 23 presale batches and is rapidly progressing toward its $600 million presale goal. With pre-order batches selling out quickly and the price of BDAG rising, traders are seizing opportunities before the next big price spike. Therefore, for buyers, now is the ideal time to act to secure shares at a lower price before prices rise and make them unaffordable.
Final Thoughts: Top Layer 1 Encryption
XRP is facing challenges following Ripple’s token unlocking, causing a short-term price decline. However, Sui (SUI) is riding a wave of bullish momentum and nearing all-time highs due to the sharp rise in TVL and growth in the ecosystem. Amid these market trends, BlockDAG’s pre-sale raised a staggering $2 million in one day, driven by the activity of crypto whales.
With pre-sale batches quickly selling out and demand for BDAG coins increasing, early adopters could potentially reap significant profits as BlockDAG solidifies its position as the industry-leading Layer 1 crypto project There is.
Join BlockDAG – Act now before prices go up:
