As April Begins, BlockDAG Achieves Massive Gains: $5M in 48 Hours! Plus, Exploring Solana’s Risks & AVAX ETF Potential

Avalanche is moving toward broader acceptance with initiatives like Grayscale’s AVAX ETF proposal and BlackRock’s involvement, signaling Wall Street’s increasing interest in its capacity for scalable DeFi and asset tokenization. Yet, its price hovers around $20, awaiting a breakout to define its trajectory. Meanwhile, Solana reveals signs of slowing, with its recent modest gains overshadowed by waning momentum indicators and a critical $116 support level now in jeopardy. A breach here could lead to further declines.

In contrast to the speculative nature of Avalanche and Solana, BlockDAG (BDAG) is delivering on its commitments. Following a notable $5 million raise just two days after Keynote 3, the total funds gathered during the presale exceeded $210 million. With an operational Beta Testnet, plans for over 1,000 dApps, and notable partnerships, including the UFC and Inter Milan, BlockDAG is not just planning but actively developing and expanding its infrastructure. Priced at $0.0248 in Batch 27, BlockDAG focuses on constructing a chain ready for the future, steadily earning recognition.

Grayscale’s AVAX ETF: A Potential Turning Point for Avalanche

Grayscale’s application for an AVAX spot ETF, alongside BlackRock’s strategic entry into the Avalanche ecosystem, is capturing attention. These developments could be pivotal for Avalanche’s institutional adoption, particularly as the blockchain becomes increasingly relevant in DeFi, tokenized assets, and practical applications.

If the SEC greenlights the Grayscale AVAX ETF, it would provide institutions with a regulated pathway to invest in AVAX, much like the existing spot ETFs for Bitcoin and Ethereum. Although approvals for altcoin ETFs are rare, this move could pave the way for future listings and broaden institutional involvement beyond the major cryptocurrencies.

AVAX trades narrowly, testing resistance at $20.60 with support close to $19.80. A successful breach could propel AVAX to around $21, whereas a decline might push it below $20. With heightened focus and escalating expectations from ETF prospects, Avalanche could soon witness a new growth chapter supported by Wall Street.

Solana Price Insights: Potential Decline Below $120 Looms

Solana’s current market position between $124.50 and $138.79, with a slight increase of 2.61% over the past week, hints at limited bullish momentum, contrasting with broader trends indicating a decline of 2.33% over the past month and nearly 12% over half a year, underlining persistent bearish forces.

Resistance lies ahead at $145, but the momentum is weak, with an RSI of only 44.32. Without increased buying activity, Solana may face challenges in surpassing this barrier.

Conversely, support is found at $116.07. Failure to maintain current levels might push Solana towards this support, marking an approximate 10% decrease. For now, Solana’s immediate future depends on whether it can attract bullish support soon or if it is more likely to experience a near-term decline.

BlockDAG’s Rapid $5M Growth: dApp Plans and Major Partnerships

BlockDAG’s growth accelerated dramatically after Keynote 3, raising $5 million in 48 hours and increasing its crypto presale funds to over $210 million. Driving this rapid increase is a robust and clear strategy that includes launching more than 1,000 decentralized applications (dApps) by 2026. BlockDAG’s approach goes beyond the usual hype by building a foundation that genuinely appeals to developers.

The project is currently testing its Beta Testnet and is compatible with Ethereum Virtual Machine (EVM). It offers practical tools for tokens and NFTs, making its ambitious dApp strategy feasible and operational.

Moreover, BlockDAG is expanding its visibility through significant partnerships, notably with Inter Milan and the UFC. These partnerships help extend its reach beyond typical crypto audiences and foster broader adoption and user engagement.

“Our focus isn’t only on our existing achievements but also on what we plan to accomplish moving forward,” stated CEO Antony Turner during the keynote.

With the latest release of Batch 27 priced at $0.0248 and over 19 billion BDAG sold, early participants eagerly anticipate future listings and the introduction of new utilities. With its technological advancements, strategic partnerships, and increasing user engagement, BlockDAG is poised for future growth.

Market Overview and Strategic Moves

While Solana faces uncertainties, with its future depending on the stability of the $116 support level, Avalanche is also in a waiting phase, hopeful for ETF approval and a potential price surge driven by institutional interest. Both projects are well-regarded but currently in a responsive mode.

Conversely, BlockDAG is actively shaping its future. Its Beta Testnet is functional, with over 1.2 million transactions and over 100 nodes. Its infrastructure for tokens, decentralized finance (DeFi), and NFTs is already operational, not just planned. With goals of achieving 15,000 transactions per second post-mainnet and launching with ready-to-use DeFi and governance features, BlockDAG provides its early users a head start while others are still navigating their plans.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: This content is a sponsored post and is intended for informational purposes only. It was not written by 36crypto, does not reflect the views of 36crypto and is not a financial advice. Please do your research before engaging with the products.

The post As April Begins, BlockDAG Achieves Massive Gains: $5M in 48 Hours! Plus, Exploring Solana’s Risks & AVAX ETF Potential appeared first on 36Crypto.