Token

Million

Sphere

While the UNI token price has declined following a postponed fee switch proposal, falling more than 5% and continuing a decline of about 10% over the past week, Tron's (TRX) value has also struggled. It remains in a downward trend, trading below essential moving averages with a recent 3% drop.&nbsp;
Amid these market variations, <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">BlockDAG</a>'s initial coin offering stands out with its exceptional early results, securing $3 million in just 12 hours and escalating to $46.9 million. Investors are increasingly intrigued by BlockDAG, asking, "Is BlockDAG a legitimate venture?" The innovative methods, significant achievements, and attractive potential returns of the project provide a strong affirmative, positioning BlockDAG as a promising opportunity in an unstable market.<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/06/09/1717939422.webp" width="800" height="450" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-uni-token-faces-a-dip-below-10-following-delay-in-fee-switch-decision-span">UNI Token Faces a Dip Below $10 Following Delay in Fee Switch Decision</h2>
Uniswap, the decentralised trading platform, has put off its fee switch decision indefinitely, causing a notable drop in the UNI token's value. After the postponement was announced, the UNI token's price fell more than 5%, dipping below $10 and continuing a downward trend of about 10% over the week.&nbsp;
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcCLity0Kr8ZSEyUjSvPcFFfhrt1TrEw0Rd4kgTAWz6g6Wq7-6WOvh1vIDIeUrNEGymwJcfEJ8p86zRUGuWs0MGQnB-L5p-3ZlgfOpN_muRZhzcBEb_HQ9XbKhYBzqt13EeXyzUexefdvC1cpZRJ3rFNfc?key=YY3ykzcXhp4F-c_79Jmpew" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
The delay, announced by the Uniswap Foundation on May 31, came after concerns from an unidentified stakeholder, emphasising the need for careful consideration due to the irreversible nature of the planned upgrade. The cryptocurrency community has received this delay poorly, with some critics arguing that venture capital influences are swaying the governance process.
<h2 dir="ltr" id="span-tron-stumbles-below-moving-averages-prospects-of-recovery-span">Tron Stumbles Below Moving Averages – Prospects of Recovery?</h2>
As the 15th largest cryptocurrency by market cap, Tron (TRX) has been underperforming since May 13, falling below crucial moving averages. CoinMarketCap data shows that TRX has lost over 6.20% of its gains from the previous month. The cryptocurrency has decreased by 3% in the past week and nearly 2% in the last 24 hours.&nbsp;
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcnDoqOBSGSYw_zJd8fV0DPrO8ZTEMcIGoKJfQPTgXIjgqt6NMUs2Xgk71AYrzY-YVGrHHkEcD-hEw2Yopw9GKOauIXXmJWUp5J0FulZENDRwfWkyIj854aemJiJqrCe0bohdy5bosP2g1wjS8wwYlcLdKA?key=YY3ykzcXhp4F-c_79Jmpew" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;">
Although it trades below its 50-day and 200-day SMA lines, other technical indicators like the MACD's fading red histogram bars and the lower band of the Bollinger Band suggest a possible price rebound. Additionally, the RSI indicates that TRX is currently oversold, which could present buying opportunities. However, investors should conduct thorough research and practise careful risk management, as unexpected market events could alter this outlook.&nbsp;
<h2 dir="ltr" id="span-blockdag-s-ico-offering-achieves-3-million-in-under-24-hours-span">BlockDAG's ICO Offering Achieves $3 Million in Under 24 Hours</h2>
BlockDAG has significantly impacted the market with its initial coin offering, quickly raising $3 million in under 24 hours. This rapid growth was propelled by BlockDAG's recognition at the top of CoinSniper’s list and a recent keynote delivered from the moon. Displays in prominent locations like Shibuya Crossing in Tokyo, the Sphere in Las Vegas, and Piccadilly Circus in London have greatly enhanced its visibility and bolstered investor confidence.&nbsp;
The progress of the presale is notable, with Batch 17 priced at $0.011, which is a 1000% increase from Batch 1's starting price of $0.001. To date, BlockDAG has raised $46.9 million by selling 11.2 billion BDAG coins and has accrued $3.2 million from sales of over 7,400 miners. These achievements highlight BlockDAG's expanding influence and mounting investor interest.
BlockDAG also presents multiple ways to generate revenue within its ecosystem, offering mobile mining with smartphones, specialised ASIC-based X series mining units, and options to resell these units. Its referral rewards program and exclusive presale offer further boost its attractiveness as an investment opportunity.&nbsp;
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe8NJ9tXTDVF8iOpSVBp11N0gtijUviTAPF2jVoE6AFFM8p58UZurKgsQiG81hI-J7sK70yL1bDIfUlUGmsfCZoC2H0tQD4_XL9yn4LCtwoh-Wk2Fzb1LM5duxlpQG1zwhXSaxsONf-Qto3iGMVDaXkUwE?key=YY3ykzcXhp4F-c_79Jmpew" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-connecting-the-dots-span">Connecting The Dots</h2>
As the UNI token and Tron (TRX) navigate market difficulties, BlockDAG advances with impressive presale achievements and innovative milestones. The capability of BlockDAG to gather $3 million in just 12 hours demonstrates its potential and escalates investor confidence. So, is BlockDAG genuine? Undoubtedly.&nbsp;
Its opportunities for passive income, such as mobile mining and referral bonuses, make it an appealing investment choice. As BlockDAG continues to build momentum, it is an exemplary model in the cryptocurrency arena. For those using Bitcoin mining calculators to evaluate profitability, BlockDAG's approach and presale success provide strong reasons to consider it a viable investment.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeNfbtow0K86zRKN3QyV6LYJEFw6RRACPsFDejhks6ObXxVIAOOnborPBbb0Dwq1cRQCOxWZAKlwM5_wT5aogaHX8ZtCh0xfFyFIA9cvjDc3qE-7n1P6NMc39PIYrzi9FZ9e3vHTZmBfu5I2HSdGg247Pq1?key=YY3ykzcXhp4F-c_79Jmpew" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
Invest in the BlockDAG Presale Now:
Presale: <a href="https://purchase.blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://purchase.blockdag.network</a>
Website: <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://blockdag.network</a>
Telegram: <a href="https://t.me/blockDAGnetwork" target="_blank" rel="noopener noreferrer nofollow">https://t.me/blockDAGnetwork</a>
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank" rel="noopener noreferrer nofollow">https://discord.gg/Q7BxghMVyu</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blockdag-s-initial-coin-offering-garners-3m-in-12hrs-as-uni-token-declines-by-10-tron-trx-faces-challenges-tbt92067.html">https://thebittimes.com/blockdag-s-initial-coin-offering-garners-3m-in-12hrs-as-uni-token-declines-by-10-tron-trx-faces-challenges-tbt92067.html</a>

BlockDAG's Initial Coin Offering Garners $3M in 12Hrs as UNI Token Declines by 10% & Tron (TRX) Faces Challenges

Table of Contents

TheBitTimes

Other articles published on Jun 10, 2024

DeFi Technologies adopts Bitcoin treasury strategy

A Deep Dive into io.net: Binance Launchpool’s 55th Project

Best Altcoins to Buy Now for 100x Returns: Top Picks Revealed

Cardano Unveils Timeline for Chang Fork, Ushering in ‘Age of Voltaire’

Altcoins Display Acute Strength: Mantra (OM) Price Reaches Highs While Oasis (ROSE) Record Huge G...

Solana All Set For Major Mainnet Upgrade To Tackle Congestion Issues

Join our free newsletter for daily crypto updates!