Ethereum

2024

Filecoin

Ethereum (ETH) price signals a midterm bearish outlook despite heightened whale buying pressure, struggling to break past $4,000. Filecoin's token price shows uncertainty, with its ability to surpass $20 in 2024 under question. Unlike Ethereum and Filecoin,&nbsp;<a href="https://blockdag.network/" target="_blank" rel="noopener">BlockDAG</a> (BDAG) emerges as a beacon of opportunity for investors as its presale raises $49.9 million, inching closer to $50 million milestone. Among its wide-range of passive income opportunities with its X series miners, BlockDAG offers an unprecedented $2 million giveaway for its early investors, inviting investors to the presale to become one of the 50 lucky winners in a massive prize pool.&nbsp;&nbsp; 
<a href="https://blockdag.network/" target="_blank" rel="noopener"><img src="https://cdn.thebittimes.com/images/2024/06/13/1718285693.webp" width="800" height="450" style="display: block; margin-left: auto; margin-right: auto;"></a> 
<h2 dir="ltr" id="span-ethereum-price-challenges-after-spot-etf-approvals-span">Ethereum Price: Challenges After Spot ETF Approvals</h2> 
Ethereum (ETH) has faced a challenging period despite the recent approval of spot Ethereum ETFs in the United States and Hong Kong. Currently, ETH struggles to maintain a price beyond $4,000, closing the past two weeks on a bearish note. This bearish outlook is expected to continue into the following week. On-chain data indicates an increase in Ethereum addresses holding at least 10,000 ETH units by about 3% in the last three weeks. However, the midterm target for Ethereum suggests a potential decline to $3,150 if it fails to hold the support level of around $3,650. 
<a href="https://blockdag.network/" target="_blank" rel="noopener"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcYN2xSUOi5xXBUFc1WbQPL7_Kuw6IWpPlxImM-nrfgR7g32X3iRODugcDK_79hZLWsuLhizssaG3Hqvg_R-Ac1FirH7L521OzI5XiRllgqc9B-BS3t3xo2414w8Hc1NUqKgSRb5WFX7yzPcQ6oXQvzls6g?key=pmJ5megvQIP_6eUf44i2og" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a> 
<h2 dir="ltr" id="span-filecoin-price-analyzing-support-and-resistance-levels-span">Filecoin Price: Analyzing Support and Resistance Levels</h2> 
Filecoin is showing a 54% gain over the past year. Despite the launch of innovative features like FilOz, which aims to secure and expand the Filecoin network, the token's performance remains unpredictable. Recent on-chain analytics reveal a significant decline in Filecoin's revenue by 57%, with the total earnings near -$19 million. While the token is currently in a consolidation zone, trading below its 100 and 50 EMAs, the upside potential remains limited, with resistance around $7 and support near $5.5. 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc7nkykEm27GFKZbelV0NFNzrQejOwPzooFdvxI_x-jXas3yhShIxSOkkdAW_evijRam62QMSBbd_tpEh_mfma8jo_Enm4N_imhgrYNBbe45-zPVpeKbEM62CFJ8mGliuCgWMgfm8m8fSmj0g3re555J6s?key=pmJ5megvQIP_6eUf44i2og" width="602" height="316" style="display: block; margin-left: auto; margin-right: auto;"> 
<h2 dir="ltr" id="span-blockdag-s-2m-giveaway-x100-miner-s-capabilities-span">BlockDAG's $2M Giveaway &amp; X100 Miner’s Capabilities&nbsp;</h2> 
BlockDAG is turning heads with its thrilling $2 Million giveaway. This giveaway offers a chance to be one of 50 winners sharing a massive prize pool, making it a compelling opportunity for crypto enthusiasts. Participation requires holding at least $100 worth of BDAG coins from BlockDAG’s presale. By engaging with BlockDAG, completing various tasks, and referring friends, participants can boost their chances of winning. Winners will be randomly selected and announced on BlockDAG's social media platforms, turning this giveaway into a significant event within the crypto community. 
BlockDAG's innovative use of the Directed Acyclic Graph (DAG) structure and Proof-of-Work (PoW) consensus mechanism underscores its commitment to scalability and decentralization. This advanced layer-1 blockchain offers industry-leading speeds and unmatched security, positioning BlockDAG as a frontrunner in the crypto space. The scalability provided by the DAG structure ensures that the network can efficiently handle a growing user base and evolving demands. 
<a href="https://blockdag.network/" target="_blank" rel="noopener"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdltfDxW0NwVBSN52gMSzOuyou3GXsn5Wnaz_9wEGOgm2clEJv9-izelyBYXiDNIq0IH4WVwnQ-4_pzrZtKWx3tD9i3pWFuVhekxDO-Tg6vfc0ACB2EKTvE4u4xSRZtT-Z0Q6YngNQKBZCm0WsP-tFPA_c?key=pmJ5megvQIP_6eUf44i2og" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;"></a> 
Additionally BlockDAG’s X100 Miner is also gaining massive traction as a game-changer for crypto mining enthusiasts. Utilizing cutting-edge ASIC technology, the X100 mining beast boasts an impressive 2 TH/s hash rate with an energy consumption of 1800W. This efficiency allows users to earn up to 2,000 BDAG daily, optimizing the mining process and maximizing potential earnings. The X100 Miner is not limited to BDAG; it also supports Bitcoin and Kaspa mining using the SHA-256 algorithm. Advanced features such as enhanced heat dissipation and ethernet connectivity make the X100 an ideal choice for professional miners looking to scale their operations. 
<h2 dir="ltr" id="span-wrapping-up-span">Wrapping Up</h2> 
BlockDAG's $2 million giveaway presents a unique and lucrative opportunity for crypto investors, especially given the current bearish trends in Ethereum (ETH) and the uncertain future of Filecoin. By participating in BlockDAG's presale, which has already raised over $49.9 million in its presale, showing an 1120% price increase from bach 1 to 18, investors can position themselves at the forefront of a promising and innovative blockchain network. Investors are not missing the chance to be one of the 50 lucky winners as they take advantage of BlockDAG's cutting-edge technology and substantial rewards.&nbsp;&nbsp; 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfl_d6cWitx63kOvAUJf3NuJl0a-t36XPb3K0JJpe3XKDMdqrQJX4mg7F66hB3Ai3c6ClCRT1980_Zpu6qq-_kq7D5Ndj4fPU0CCUXFFZCQzTe14ro_mFpionMteKHwG-3JlTW2rIJIGnplCckDE_v0n3E?key=pmJ5megvQIP_6eUf44i2og" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"> 
Join BlockDAG Presale Now: 
Website: <a href="https://blockdag.network/" target="_blank" rel="noopener">https://blockdag.network</a> 
Presale: <a href="https://purchase.blockdag.network/" target="_blank" rel="noopener">https://purchase.blockdag.network</a> 
Telegram: <a href="https://t.me/blockDAGnetworkOfficial" target="_blank" rel="noopener">https://t.me/blockDAGnetworkOfficial</a> 
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank" rel="noopener">https://discord.gg/Q7BxghMVyu</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/win-big-with-blockdag-s-2m-giveaway-for-50-lucky-winners-filecoin-remains-unpredictable-amid-eth-s-bearish-outlook-tbt92693.html">https://thebittimes.com/win-big-with-blockdag-s-2m-giveaway-for-50-lucky-winners-filecoin-remains-unpredictable-amid-eth-s-bearish-outlook-tbt92693.html</a>

Win Big with BlockDAG’s $2M Giveaway for 50 Lucky Winners; Filecoin Remains Unpredictable Amid ETH’s Bearish Outlook

Table of Contents

TheBitTimes

Other articles published on Jun 14, 2024

The Bistroo Breakdown: Monthly Progress Report — May 2024

Curve Finance Faces Challenges After $27 Million Liquidation

Ripple vs SEC: Legal Experts Predict Verdict and Possible Appeals

Bitcoin: Chances of Waking Up to $200,000 BTC Growing Higher – Samson Mow

Most Trending Cryptos on Ethereum Chain Today – Nitro League, SingularityDAO, OxNumber

New Development in Bitcoin and Cryptocurrency Taxes: New Tax Rates Have Been Announced!

Join our free newsletter for daily crypto updates!