Crypto
EOS Climbs 10% As Investors Gain Confidence By Investing.com
EOS Climbs 10% As Investors Gain Confidence
Investing.com – EOS was trading at $1.1397 by 03:01 (08:01 GMT) on the Investing.com Index on Monday, up 10.01% on the day. It was the largest one-day percentage gain since March 2.
The move upwards pushed EOS’s market cap up to $1.2671B, or 0.05% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B.
EOS had traded in a range of $1.0543 to $1.1397 in the previous twenty-four hours.
Over the past seven days, EOS has seen a rise in value, as it gained 43.37%. The volume of EOS traded in the twenty-four hours to time of writing was $253.6833M or 0.24% of the total volume of all cryptocurrencies. It has traded in a range of $0.7869 to $1.1397 in the past 7 days.
At its current price, EOS is still down 95.04% from its all-time high of $22.98 set on April 29, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $64,043.5 on the Investing.com Index, up 3.90% on the day.
Ethereum was trading at $3,480.52 on the Investing.com Index, a gain of 2.56%.
Bitcoin’s market cap was last at $1,258.7369B or 52.42% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $418.1782B or 17.41% of the total cryptocurrency market value.
Crypto
BlockDAG and Ethereum ETFs: Pioneering the Next Wave in Cryptocurrency Investments With BDAG Coin Gaining Over $21.3 Million In Presale
As the cryptocurrency market continues to expand and diversify, Ethereum ETFs and the groundbreaking BlockDAG platform are emerging as leading contenders for the next major boom in the sector. Ethereum ETFs provide investors with a traditional way to invest in crypto through stock markets, combining the innovation of cryptocurrency with the stability of established financial systems. Meanwhile, BlockDAG introduces an innovative platform with a potential 30,000x return on investment, setting the stage for monumental $21.3 million financial gains and technological advancements within the blockchain realm.
Unprecedented Investment Opportunity with BlockDAG
BlockDAG offers an enticing investment opportunity with projections of substantial returns. Early investors in the project’s presale phases are poised to see their investments potentially increase by 30,000% by its official launch, mirroring the early success seen with cryptocurrencies like Ethereum.
The platform’s strategic roadmap underscores its promising future, detailing plans to launch its mainnet within six months and aiming for a market capitalization of $600 million by 2024. This detailed and ambitious planning boosts investor confidence and highlights BlockDAG’s dedication to achieving long-term success.
Ethereum’s Success Story: A Guide for Crypto Investments
Reflecting on past successes in the crypto world, the story of an early Ethereum investor, Cooper Turley, who made a fortune from his investments during a bull run, serves as inspiration. Turley’s success underscores the transformative potential of investing wisely in emerging technologies at the right time.
BlockDAG: Shaping the Future of Blockchain Technology
BlockDAG is set to transform the blockchain industry with its innovative use of Directed Acyclic Graph (DAG) technology. This technology addresses the classic blockchain trilemma of balancing security, scalability, and decentralization, without compromising any aspect. Moreover, BlockDAG’s commitment to environmental sustainability through an optimized Proof-of-Work (PoW) model enhances its appeal to eco-conscious investors.
BlockDAG is gaining attention for its exceptional approach and advanced technology, which could surpass previous benchmarks set by other cryptocurrencies. With projections indicating its price could soar to $20 by 2027, BlockDAG presents a lucrative opportunity for early investors. This section explores how BlockDAG’s unique features could redefine the future of crypto investments and why it’s attracting significant investor interest.
BlockDAG differentiates itself with state-of-the-art technology, robust community engagement, and impressive presale results, achieving $21.3 million in sales within Batch 10. These achievements reflect strong market interest and affirm the project’s viability.
BlockDAG as a Cryptocurrency Portfolio Essential
Drawing parallels with Cooper Turley’s success with Ethereum, BlockDAG is positioned to be a pivotal success story in the cryptocurrency market. Early investors can participate in potentially exponential growth similar to Ethereum’s rise. With its visionary roadmap, commitment to sustainability, and a comprehensive suite of income-generating tools, BlockDAG stands out as a critical investment for those looking to diversify their portfolios and tap into the next big thing in crypto.
Looking ahead, BlockDAG’s combination of innovative technology, strategic market positioning, and potential for high returns makes it an indispensable addition to any investment portfolio with $21.3 million already secured in presale. Embrace the chance to invest in BlockDAG and be part of the thrilling evolution of the cryptocurrency market.
Experts predict that BlockDAG’s value could reach $20 by 2027, indicating significant ROI potential. Besides offering a robust digital currency, BlockDAG provides a portfolio of crypto applications that offer various passive income opportunities, catering to diverse investor needs.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Crypto
Why Elon Musk wants to bring crypto to X
Since Elon Musk bought Twitter and rebranded it to X, the 52-year-old has perpetually been at the centre of the news cycle for his various business decisions.
From removing the verified feature to banning the term “cisgender” on the platform, he’s been an interesting owner of the social media platform.
Musk has previously stated his desire to have X become an “everything app”, but what does this mean? And where does cryptocurrency fit into this plan?
X payments chief information security officer, Christopher Stanley, recently wrote on the platform: “The end goal is if you ever have any incentive to take money out of our system, then we have failed, you shouldn’t ever need to take money out because you should be able to do anything you need on our platform.”
Stanley made the post after X acquired money-transmitter licenses in some US states, allowing the app to facilitate US dollar and crypto payments.
“Think Venmo at first,” Stanley wrote. “Then, as things evolve, you can gain interest, buy products, eventually use it to buy things in stores (think Apple Pay), etc.”
Since Musk took over the platform, there has been speculation on whether he would try to integrate cryptocurrency into the platform and it appears the answer is yes.
Musk has offered a few reasons for this.
To begin with, if X wants to incorporate the use of money on its platform, Musk wants this to include cryptocurrency, rather than just flat money, like US dollars.
In October, Musk said: “If it involves money. It’ll be on our platform. Money or securities or whatever.”
Musk has also stated that he wants X to become an “updated version” of PayPal, although PayPal already supports cryptocurrency, rolling out support for bitcoin, ethereum, lite coin and bitcoin cash in 2020.
The CEO of Tesla also recently made it possible to purchase Tesla vehicles with the cryptocurrency Dogecoin, and in America it’s possible to buy a Tesla with bitcoin, so it makes sense that he would incorporate his other products to support crypto.
Additionally, Musk has helped surge the price of Dogecoin, alongside other cryptocurrencies, since he teased crypto integration.
Sign upto our free Indy100 weekly newsletter
Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
How to join the indy100’s free WhatsApp channel
Crypto
Shiba Inu's Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto Updates This Week
The week was a rollercoaster ride in the world of cryptocurrency. From Shiba Inu’s skyrocketing burn rate to the rising concerns about overvaluation in the crypto market, there was no shortage of action. Meme coins continued to make waves, with Pepe and Dogecoin gaining traction. Meanwhile, Cathie Wood of Ark Invest made a bold prediction about Ethereum. Here’s a recap of the top stories.
Shiba Inu Burn Rate Skyrockets – Shiba Inu SHIB/USD is back in the spotlight with a significant increase in burn rates and wallet movements. Data from Shibburn revealed a 2,211.9% spike in burn rate in the past 24 hours, with a single transaction burning 1.8 million SHIB coins. Read the full article here.
Crypto Greed Peaks, But Prices Don’t – Twitter personality WazzCrypto expressed concerns about the current state of the cryptocurrency market. He highlighted the prevalence of overvaluation, with many new projects launching with valuations exceeding $10 billion. He also discussed the impact of memes on market sentiment and the influx of new money into the cryptocurrency space. Read the full article here.
See Also: ‘Dogecoin Killer’ Shiba Inu Burn Rate Drops Over Last 24 Hours, Mirrors Decline In Price
Pepe May Flip Shiba Inu and Dogecoin – Pepe PEPE/USD has generated significant gains over the past seven days, prompting analysts to foresee further bullish price action. Meme coin analyst and trader Murad believes that Pepe, a “cult community with more than 10 million unique memes,” could flip Shiba Inu and Dogecoin. Read the full article here.
Memecoins Fueling Mass Adoption Of Base’s L2 Network – Jesse Pollak, the creator of Base of Coinbase, attributed the burgeoning adoption of the layer-2 network to the rise of memecoins. He emphasized the influence of memecoins in integrating a significant number of users into the Base ecosystem. Read the full article here.
Cathie Wood’s Ethereum Prediction – Cathie Wood of Ark Invest believes that Ethereum ETH/USD could catch up to Bitcoin BTC/USD and provide investors with huge profits in the coming years. She predicts that Ethereum could reach a market capitalization of $20 trillion by 2032. Read the full article here.
Read Next: Meme Coins Are ‘A Pure Ponzi’ And ‘Destroying Crypto,’ Says Trader Who Thinks Dogecoin Was Different
Photo by Avi Rozen via Shutterstock
Engineered by
Benzinga Neuro, Edited by
Anan Ashraf
The GPT-4-based Benzinga Neuro content generation system exploits the
extensive Benzinga Ecosystem, including native data, APIs, and more to
create comprehensive and timely stories for you.
Learn more.
-
Kentucky1 week ago
Kentucky first lady visits Fort Knox schools in honor of Month of the Military Child
-
World1 week ago
Shipping firms plead for UN help amid escalating Middle East conflict
-
Politics1 week ago
Israel hits Iran with 'limited' strikes despite White House opposition
-
Politics1 week ago
ICE chief says this foreign adversary isn’t taking back its illegal immigrants
-
News1 week ago
The San Francisco Zoo will receive a pair of pandas from China
-
Politics1 week ago
'Nothing more backwards' than US funding Ukraine border security but not our own, conservatives say
-
News1 week ago
Is this fictitious civil war closer to reality than we think? : Consider This from NPR
-
World1 week ago
Two Mexican mayoral contenders found dead on same day