BlockDAG’s Presale Hits $51.1M Milestone After Influencer Support; GameStop Shares Suffer As Fetch.ai Faces Downward Trends

Recent market movements show a dip in Fetch.ai’s price forecasts following a major merger, while GameStop’s shares continue their erratic downturn.

In contrast, BlockDAG has soared, boasting a $51.1M presale powered by influential backing, standout presentations, and its innovative X1 mining app, which allows phone-based crypto mining, drawing significant attention from the cryptocurrency community.

Fetch.ai’s Market Forecast: Anticipating a Turnaround After 24% Decline

Fetch.ai’s price has dropped by 4% in the last 24 hours and 24% over the week, currently at $1.60, with increased trading activity. This follows the merger of Fetch.ai with Ocean Protocol and SingularityNET on June 13, and the renaming of $FET token to $ASI on June 11.

Prices have been on a downward trajectory since May, breaking below the lower edge of the wedge pattern. Despite the current bearish outlook and high selling pressure, shown by an RSI below 30, optimists are eyeing a rebound at the $1.56 support level. If this level holds, Fetch.ai could climb to $1.9, aligning with the 50-day SMA.

GameStop’s Stock Takes a Dive, Falling 62% from Recent Highs

GameStop’s (GME) shares have continued their slide, plummeting 12% on Monday following a 40% drop on Friday, ending at $24.89—a 62% fall from its recent high of $61. This downturn also hit meme tokens related to GME, with the Solana-based GME token falling 25% to $0.01624 after a 200% rise the previous week.

The market cap stood at $112.21 million with a trading volume of $110.14 million over 24 hours. Other meme tokens, like Roaring Kitty (KITTY) and various themed tokens, saw declines between 4% and 10%. This volatility started in late May triggered by retail trader Keith Gill’s substantial GME investments and company decisions shaking investor confidence.

BlockDAG’s Presale Climbs as Prominent Crypto Authorities Advocate for Its Potential

BlockDAG’s $51.1 million  presale figures are surging, significantly driven by high-profile endorsements from cryptocurrency experts. These nods have caught the attention of a broad audience, leading to a notable presale rally. In a recent video, crypto influencer Dapp Centre called BlockDAG a remarkable investment, even referring to it as the “Polygon killer.”

The influencer pointed out its DAG structure for processing transactions simultaneously and a proof-of-work consensus mechanism ensuring security and decentralization. The first keynote in Tokyo was praised for its comprehensive introduction to the project and products.

Additionally, a second keynote, broadcast from the moon, highlighted BlockDAG’s major achievements, accolades from Forbes and Bloomberg, endorsements from leading crypto figures, over 50 development updates, and forthcoming attractions including a DOXing video and a development documentary.

The keynote also introduced the energy-efficient X1 mining app, a game-changer for mobile mining by turning smartphones into effective BDAG coin miners. With X1, users can mine up to 20 BDAG daily, translating to $1 at BDAG’s projected launch price of $0.05, and possibly $20 per day if BDAG climbs to $1 soon.

Closing Commentary

In summary, although Fetch.ai’s valuation is currently under pressure, the recent strategic merger could ignite a turnaround. Meanwhile, GameStop’s shares are undergoing turbulent times, mirroring the unpredictable nature of meme stocks.

On the other hand, BlockDAG is causing a stir with its booming presale, reaching $51.1M, and its revolutionary X1 mining app, allowing for mobile cryptocurrency mining. Supported by major endorsements and recognized by leading publications, BlockDAG is setting itself up as a major force in the cryptocurrency landscape.

Join BlockDAG Presale Now:

• Website: https://blockdag.network
• Presale: https://purchase.blockdag.network
• Telegram: https://t.me/blockDAGnetworkOfficial
• Discord: https://discord.gg/Q7BxghMVyu

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