BlockDAG CEO Antony Turner Discusses $600M Milestone: Bitcoin Cash Price Drop and Chainlink Supply Reduction

1 hours ago - Around 4 mins mins to read

Following the launch of Mt. Gox’s repayment efforts, Bitcoin Cash has seen a 5% price drop, and Chainlink’s (LINK) available stock on exchanges has shrunk from 23.0% to 21.4%, hinting at an upcoming bullish phase. Amid these shifts, BlockDAG emerges prominently, highlighted by its leadership unveiling which has sparked considerable interest in the crypto sphere.

After this reveal, CEO Antony Turner elaborated on BlockDAG’s objectives and features in a detailed interview. This highly anticipated discussion provided insights into the innovative strategies driving the project forward.

As a result, BlockDAG’s presale saw an impressive surge, amassing a remarkable $64 million, with a single day’s gain of $1 million in Batch 21. This momentum boosted the price from $0.0164 to $0.017, further solidifying its status as a leading crypto project to watch closely.

Bitcoin Cash Faces Downward Trend Due to Mt. Gox Payouts

Recently, Bitcoin Cash has faced a downturn, dropping 5% to $368 as a result of heightened selling pressure. This fall coincided with the start of the Mt. Gox repayment initiative, prompting creditors to pull their BCH and BTC from Kraken.

Kraken CEO David Ripley affirmed the program’s effectiveness, noting that 48,641 BTC had been distributed. Moreover, Mt. Gox moved a considerable amount of BTC to Bitstamp, which also influenced market prices. Despite the recent decline, market analysts foresee a possible 41% surge to $529 if the bullish reversal pattern on the price chart persists.

Chainlink’s Lowered Supply Suggests Uptrend

Over the last 30 days, Chainlink’s (LINK) presence on exchanges significantly decreased from 23.0% to 21.4%, indicating a possible bullish rise. This supply drop reflects previous patterns where LINK experienced a 123% increase. Current technical signals, including the TD Sequential buy signal and a completed falling wedge pattern, indicate a likely bullish reversal.

BlockDAG CEO Antony Turner Discusses $600M Milestone: Bitcoin Cash Price Drop and Chainlink Supply Reduction

With investors transferring their tokens to long-term holdings, reducing immediate market pressure, LINK is set for a considerable uptick. The mix of decreased supply, positive technical signs, and historical data supports a bullish outlook for Chainlink.

BlockDAG’s CEO Antony Turner Details Vision

BlockDAG recently introduced its main team, including CEO Antony Turner, CSO, and two board advisors, crucial to the project’s success from the start. Following this introduction, Turner discussed his crypto journey, focusing on the innovations and hurdles that have shaped his career. He aims to launch a blockchain that overcomes current limitations in speed, decentralization, and efficiency, likening his leadership to that of a sports captain, steering his team through challenges toward success.

Turner’s diverse experience, from founding a crypto index fund to leading digital asset investment firms, underpins his vision for a blockchain integrated seamlessly with traditional finance, enhancing both systems’ efficiency. He emphasized BlockDAG’s commitment to adopting the best innovations across different chains to improve transaction speed and efficiency while keeping decentralization intact.

Utilizing directed acyclic graph (DAG) technology, BlockDAG allows simultaneous transactions, tackling traditional chains’ issues with speed and cost. Turner highlighted the project’s ongoing dedication to development and transparency, aiming to draw developers and build a robust ecosystem.

The presale’s success, with over 92,000 contributors raising more than $64 million, reflects robust investor confidence. Currently, in Batch 21, BDAG coins are valued at $0.017, marking a 1600% increase since Batch 1. Turner expressed his appreciation for this support and outlined plans, including exchange listings and encouraging third-party projects on the BlockDAG platform. The excitement around BlockDAG is palpable, making it a project to watch closely as it continues to innovate and grow.

Final Say

Under CEO Antony Turner’s guidance, BlockDAG is set to revolutionize the blockchain industry by tackling the limitations of existing chains and promoting innovation and efficiency. Amid Bitcoin Cash’s market adjustments and Chainlink’s bullish signals, BlockDAG distinguishes itself as a leading crypto project with substantial growth potential. Investors are rallying to BlockDAG’s presale, captivated by its potential and distinguished team, as the project sees rapid sell-outs of BDAG coins in Batch 21, underscoring the surging demand.

For those eager to catch the next big thing in crypto, BlockDAG is proving to be an unmissable opportunity.