BlockDAG’s Presale Rockets to $51.1M with Influencer Boost; GameStop Shares Tumble as Fetch.ai Outlook Dims

Recently, Fetch.ai has witnessed a downturn in its market predictions following a major merger, while GameStop has seen a notable drop in its stock price.

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In contrast, BlockDAG has excelled, with its presale quickly reaching $51.1M. Powered by endorsements from key influencers, a standout presentation, and the revolutionary X1 mining app that enables smartphone users to mine crypto, BlockDAG is becoming a focal point in the cryptocurrency arena.

Fetch.ai Market Outlook: Anticipating a Rebound After a 24% Decline

Fetch.ai’s value dipped by 4% in a day and 24% over the week, currently priced at $1.60 amidst increased trading activity. This follows the merger of Fetch.ai with Ocean Protocol and SingularityNET on June 13, and the renaming of the $FET token to $ASI on June 11.

Since May, prices have been falling, breaching the lower limit of the wedge pattern. Despite current bearish trends and strong selling pressures, as indicated by an RSI under 30, the market is eyeing a turnaround at the $1.56 support mark. If this reversal holds, Fetch.ai could climb to $1.9, meeting the 50-day SMA.

GameStop’s Stock Takes a Dive, Down 62% from Its Recent High

GameStop’s (GME) stock continues its downward trajectory, falling 12% on Monday following a 40% drop on Friday, settling at $24.89. This marks a 62% fall from its high of $61, also impacting related meme tokens. For instance, the Solana-based GME token fell 25% to $0.01624 after soaring 200% the prior week.

The market capitalization is now at $112.21 million with a trading volume over 24 hours of $110.14 million. Related tokens like Roaring Kitty (KITTY) and various animal-themed tokens saw declines between 4% and 10%. The fluctuations began in late May, triggered by retail trader Keith Gill’s significant GME stakes and corporate actions diminishing investor trust.

BlockDAG Presale Skyrockets with Expert Backing

BlockDAG’s $51.1 million presale is on a steep upward curve, significantly driven by backing from renowned cryptocurrency experts. This support has widened its appeal, leading to an extraordinary presale success. Recently, the cryptocurrency authority Dapp Centre called BlockDAG an unparalleled investment opportunity, naming it the “Polygon killer.”

The expert emphasized its DAG framework that supports simultaneous transactions and a proof-of-work consensus mechanism ensuring security and decentralization. The influencer also applauded the initial keynote in Tokyo, which offered deep insights into its initiatives and products.

Moreover, a second keynote, broadcasted from the moon, highlighted BlockDAG’s major milestones, accolades from Forbes and Bloomberg, support from notable crypto figures, over 50 development updates, and future releases including a DOXing video and a development documentary.

The keynote also introduced the X1 mining app, a game-changer in mobile mining by turning smartphones into potent BDAG coin miners. With X1, users can mine up to 20 BDAG daily, translating to $1 based on BDAG’s expected launch price of $0.05, and potentially $20 per day as BDAG approaches $1.

Final Thoughts

While Fetch.ai navigates a bearish phase with hopes of a market upturn post-merger, GameStop’s stock reflects the unpredictable nature of meme stocks.

On the other hand, BlockDAG is creating significant buzz with its explosive presale achievement of $51.1M and the innovative X1 mining app, enabling phone-based crypto mining. Endorsed by major media and supported by influential figures, BlockDAG is set to be a major contender in the cryptocurrency world.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu