BlockDAG Secures $105.4M and Debuts New Site; RAY Bulls Ahead, SCR Shows Weakness

October 31, 2024 - Around 4 mins mins to read

The crypto sector thrives on speculation and excitement. This week, Raydium (RAY) and Scroll (SCR) exhibit opposite trends; RAY attracts bullish sentiments while SCR experiences bearish movements. These trends could shift based on developments in the coming days.

BlockDAG (BDAG) is the centre of speculative discussions but in an overwhelmingly positive light. Having amassed over $105 million, and launching a more user-centric website, BlockDAG is thought to potentially surpass Bitcoin.

BlockDAG’s rapid ascent and strategic improvements suggest it is not just following trends but setting them.

Raydium (RAY) Price Forecast: Signs of an Upward Trend

Raydium (RAY) shows encouraging signs of growth after a breakout from an ascending triangle, a bullish pattern in technical analysis. Priced at about $2.99 after a slight pullback, the coin could jump by 146.94%, aiming for a $5.50 target. This breakout from the $2.40 resistance has established a robust support level, reinforcing the optimistic forecast.

As Raydium gains interest, technical projections indicate RAY could maintain its upward path, eyeing $5.50 as the next resistance point. The positive trajectory aligns with predictions from analyst ZAYK Charts, setting Raydium up for potential gains and a positive trend for those monitoring the Raydium (RAY) price forecast.

The Scroll (SCR) Downward Trend Deepens

Scroll (SCR) is currently in a pronounced downward trend, with its value sharply dropping after a quick rejection at the $1.4 mark. This downturn has pushed SCR below crucial support levels at $1.28 and $1.19, intensifying the bearish trend for Scroll (SCR). Indicators like the Money Flow Index (MFI) place the coin in oversold conditions, indicating heavy selling pressure.

The Average Directional Index (ADX) and -DI levels verify the bearish market structure, signalling a continued decline. With SCR nearing the psychological $1 mark, further drops could be on the horizon, especially if there is no buying support at this crucial level.

BlockDAG Website Overhaul – Quick & User-Oriented

BlockDAG’s recent website redesign has captured the crypto community’s attention, showcasing the network’s ambitions to become a significant blockchain entity. The updated site mirrors BlockDAG’s forward-thinking approach, highlighting fast transaction speeds, easy navigation, and innovative solutions tailored for crypto developers and enthusiasts.

This rebranding coincides with BlockDAG’s successful presale, which has now raised over $105.4 million. With the current coin price at $0.022 in Batch 25 and an impressive 2100% increase for early supporters, BlockDAG has sold over 14.6 billion coins, demonstrating significant community backing.

This makeover positions BlockDAG as a prominent player in decentralised finance, sparking market speculation about its potential growth. The crypto community is increasingly curious about the network’s future, with discussions suggesting BlockDAG might one-day rival giants like Bitcoin.

The revamped website is a gateway for those seeking advanced blockchain options, laying a foundation for BlockDAG’s mission to promote decentralisation on a large scale. As the network continues to gain momentum, BlockDAG emerges as a strong contender for traders searching for top crypto picks before 2025.

Speculations or Informed Guesses?

The term ‘rumor’ often carries negative undertones. Yet, in the crypto world, rumours are more like informed guesses and trend observations. While not always precise, the current positions of RAY and SCR are unstable and could shift anytime. Rumours typically lead to either cautious optimism or wariness among market watchers.

BlockDAG represents a similar scenario. While it’s uncertain what the future holds for BlockDAG, making an informed guess is possible by examining past trends of cryptocurrencies like Bitcoin and observing BlockDAG’s current trajectory. With its rapid progress, BlockDAG is speculated to reach $20 by 2027, presenting an opportunity for early engagement.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content.