Breaking Crypto News: Tether USDT Stops Minting, BlockDAG Sees 1300% Price Rise, and Avalanche Investors See Positive Reversal

According to recent cryptocurrency news, Tether USDT has halted operations on the Eos and Algorand networks. At the same time, BlockDAG has achieved an impressive milestone with a 1300% price surge, raising $55.2 million in its presale. 

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This growth contrasts sharply with the challenges Avalanche (AVAX) investors face. Despite the turbulent market conditions, BlockDAG has solidified its position and promises substantial future gains, emerging as one of the top cryptocurrencies.

Avalanche (AVAX) Shows Signs of Bullish Recovery

Avalanche investors have noticed a bullish reversal pattern amid a broader market downturn. Although AVAX faced resistance around the $28.87 mark, leading to a decline to $27.56, this 2.34% setback highlights a bearish sentiment in AVAX’s price trend. 

Over the past 14 days, AVAX has experienced a significant 27% drop, resulting in the 50-day EMA crossing below the 200-day EMA, a bearish trend known as the death cross. However, the daily RSI indicates a bullish divergence, rebounding from oversold levels and suggesting increased buying pressure. In this context, Avalanche investors are closely monitoring developments at DTX Exchange for potential market shifts.

Tether Halts USDT Minting on Eos and Algorand

In recent updates, Tether has stopped minting its US dollar-pegged stablecoin, USDT, on the Eos and Algorand blockchains effective June 24. This move is part of Tether’s efforts to streamline operations, enhance security, and improve efficiency across its blockchain networks while encouraging innovation. 

Although this halt affects only a small fraction of the total USDT supply, Tether is committed to ensuring a smooth user transition with minimal disruption. This decision reflects Tether’s ongoing strategy to optimise its blockchain ecosystem, as seen with integrating new networks like the TON-based USDT earlier this year, highlighting the company’s proactive approach to blockchain management.

BlockDAG: Stability in a Volatile Market

What makes BlockDAG a resilient investment in the fluctuating crypto market? BlockDAG Network (BDAG) stands out in the Layer 1 blockchain space with its use of a proof-of-work (PoW) consensus mechanism and an innovative Directed Acyclic Graph (DAG) structure. This combination focuses on speed, security, and decentralisation, distinguishing BDAG from traditional blockchain models. The DAG architecture allows for scalable operations by enabling the concurrently processing multiple blocks, optimising transaction efficiency and governance. Currently processing up to 10 blocks per second, BDAG aims to exceed 100 blocks per second in the future, promising a revolution in mining efficiency.

BDAG’s hybrid consensus approach effectively addresses decentralised network challenges, enhancing transaction security and eliminating vulnerabilities like orphan blocks seen in the Nakamoto consensus. Recently, BlockDAG raised an impressive $55.2 million by Batch 19, with each coin priced at $0.014. This represents a significant 1300% growth since its inception, demonstrating the project’s rapid progress and investor confidence. 

Looking ahead, BlockDAG anticipates further growth with plans to launch at a $0.05 price point, reflecting optimism and strategic market positioning. Analysts predict substantial future gains, forecasting price surges to $10 by 2025, $20 by 2027, and a promising $30 target in 2030, generating excitement among investors looking for top cryptocurrencies. Recognised globally for its innovation, BlockDAG continues to expand its influence with new payment integrations, product launches, and robust miner support, poised to deliver exceptional returns with a potential 30,000X ROI at launch.

A Strategic Choice for Investors

Given the current market dynamics where Avalanche faces resistance, and Tether refines its operational platforms, BlockDAG stands out as a more promising investment. With its groundbreaking presale success and strategic roadmap set to significantly increase its price by 2030, BDAG offers stability and superior potential returns. For savvy investors, BDAG’s innovative technology and robust performance forecast make it a better choice over AVAX, aligning with those aiming to capitalise on top cryptocurrencies with substantial growth prospects.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu