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Chainlink Tokens Unlock, Fantom (FTM) Price and Crypto Traders Prefer BlockDAG
As the market turns red, major players like Chainlink and Fantom are feeling the stress, with bearish outlooks for LINK and FTM. Amid these developments, BlockDAGA layer-1 project with a stellar presale, has become a favorite destination for inflows, beating out market leaders with its long-term potential. BlockDAG’s high-tech Low Code No Code ecosystem has fueled its growth, offering crypto traders the potential for ROIs of over 30,000x. The presale has soared to over $55.4 million, driven by growing investor interest. Keywords: Chainlink Token Unlock, Fantom (FTM) Price, crypto traders.
Chainlink’s Recent Token Unlock and Market Impact
Chainlink recently unlocked 21 million LINK tokens, worth $295 million, from five of its non-circulating supply contracts. This unlocking of Chainlink tokens resulted in 18.25 million LINK being sent to Binance, fueling speculation of a price drop. LINK is currently trading at $13.64, approaching the support level at $13.5. If this support fails, LINK could potentially drop to $10.
Periodic unlocks have increased the circulating supply to over 600 million LINK. Despite historical price stability during past unlocks, the current bearish market conditions could lead to a different outcome. With 391.5 million LINK still to be unlocked, the market remains cautious.
Fantom (FTM) Price and Market Dynamics
Fantom (FTM) saw strong buying momentum last November but its price has been struggling recently. After reaching the $1.20 level in March, the price dropped due to resistance and profit booking. FTM has since slipped below the major support level of $0.600 but has stabilized around $0.500. Currently, Fantom (FTM) price is $0.559, with a market cap of $1.67 billion and 24-hour trading volume of $257.56 million.
Fantom Foundation announced a quarterly bonus of over 55,000 FTMs to the top 12 dApps on the Opera network, increasing user engagement. Technical indicators such as RSI and MACD suggest a potential bounce if the price breaks above $0.600. If it stays below the 200-day EMA, the downtrend could continue.
BlockDAG’s Low Code No Code Ecosystem and Pre-Sale Success
BlockDAG’s advanced low-code/no-code platform allows users to easily create utility tokens, meme tokens, and NFTs. With a wide range of pre-built templates, users can launch projects that align with their vision and customize them to meet specific needs. This intuitive interface makes blockchain development accessible to users with different technical skills, accelerating project timelines and reducing time to market.
The platform’s innovative approach has been a key factor in attracting cryptocurrency traders, generating significant interest in its pre-sale. BlockDAG has raised over $55.4 million, with its coin’s price increasing by 1300% from the initial lot price of $0.001 to the current lot price of $0.014 in lot 19. This impressive growth shows BlockDAG’s potential to produce returns of up to 30,000x for early investors.
BlockDAG’s commitment to expanding its ecosystem extends beyond simplifying token and NFT creation. The platform supports the growth of decentralized applications by providing a robust and scalable infrastructure, encouraging the development of various applications, from digital art marketplaces to tokenized asset platforms. This broadens the blockchain landscape and fosters a vibrant ecosystem of diverse new projects.
Key insights
Chainlink and Fantom are facing short-term bearish trends due to token unlocks and resistance levels. In contrast, BlockDAG’s innovative low-code/no-code ecosystem positions it as a promising investment for cryptocurrency traders. BlockDAG’s presale raised over $55.4 million, with its price increasing by 1300% from $0.001 to $0.014 in batch 19. This growth demonstrates its potential to produce 30,000x ROI. For those considering new opportunities, BlockDAG’s solid performance and technological advancements make it a top pick amidst the market downturns faced by Chainlink Tokens Unlock and Fantom (FTM) Price.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
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