Immutable Price Surges, MATIC’s Future Unclear—Is BlockDAG’s $67.7M Presale the Next Big Thing with a 5500% ROI in 2024?

Last updated: August 24, 2024 5:03 am

Sam Hubbert

5 Min Read

The crypto market is constantly shifting, reflecting the unpredictable nature of the industry.

Immutable’s IMX token recently saw a 30% rise, pushing its price to $1.24, with an eye on $2. However, trading volume remains tepid, suggesting some hesitation among investors. Meanwhile, Polygon’s MATIC has dipped to $0.30, though some analysts forecast a significant recovery by mid-2025.

But the spotlight is now on BlockDAG. With its innovative blockchain-DAG hybrid technology and an impressive $67.7 million presale, speculation is rife that a 5500% ROI could be on the horizon in 2024.

Let’s dig into these developments to see where the smart money might be heading.

Immutable (IMX) Eyes $2 After a 30% Price Surge

Immutable (IMX) recently climbed 30%, reaching $1.24. While the token flirted with breaking past $1.30, trading volume has only increased by 2.3%, indicating a mix of optimism and caution among investors. Despite being stuck in a downward trend, many IMX holders are hopeful, targeting a move toward $2.

However, 65% of holders are still in the red, possibly considering averaging down. Futures traders are bullish, as Open Interest has surged over 16%. If IMX can push through the $1.40 resistance, it may rally further. But if it falters, a decline to $1.05 could be imminent.

Deciphering the Polygon (MATIC) Price Forecast

Polygon’s (MATIC) recent plunge to $0.30 has analysts divided on its future. Some are now predicting a substantial rise by mid-2025. Market analyst Ali Martinez suggests that maintaining the $0.30 support level could set the stage for a bullish scenario.

Yet, if the overall market trends negatively, these bullish predictions may not materialize. Martinez and others speculate that low trading volumes could be a sign of accumulation, but it’s essential to be cautious as these forecasts depend heavily on the broader market’s direction.

BlockDAG’s $67.7M Presale Sets the Stage for a $1 Forecast

In a move that caught many by surprise, BlockDAG’s presale has raised over $67.7 million, a record in the crypto world. What’s driving this success? It’s BlockDAG’s combination of blockchain and directed acyclic graph (DAG) technology.

This hybrid approach addresses the limitations of traditional blockchains, offering fast transactions, robust security, and true decentralization. Industry insiders have quickly recognized its potential, with some even dubbing it the “next Bitcoin.” And the numbers are compelling.

BlockDAG’s native coin, BDAG, started at $0.001 in batch 1 and has soared to $0.0178 in batch 22, marking a 1680% increase. The platform has sold over 12.7 billion coins and attracted nearly 11,000 miners.

Looking ahead, BlockDAG’s momentum has led to ambitious yet plausible forecasts. The presale could surpass $600 million, potentially placing BlockDAG among the top 30 on CoinMarketCap. There’s also talk that BDAG could reach $1 per coin in 2024, offering early buyers a staggering 5500% return.

Demand is surging, and batch 22 is nearly sold out as buyers scramble to secure BDAG coins, with the largest whale purchasing over $2.4 million worth. For those eyeing significant returns in the coming years, now may be the time to get involved before the presale concludes.

Top Crypto Coins to Consider

While Immutable’s 30% price increase looks promising, 65% of its holders remain at a loss. Polygon’s potential bull run hinges on broader market trends.

Then there’s BlockDAG, which has already amassed $67.7 million in its presale. With predictions of BDAG reaching $1 per coin by 2024, early participants could see an incredible 5500% return. BlockDAG is also positioning itself for a top 30 spot on CoinMarketCap, putting it in the company of major players like Bitcoin.

However, time is ticking as 21 presale batches have already sold, and the 22nd is nearly gone. For those considering jumping in, now might be the last chance to secure a position before the presale wraps up, potentially leading to substantial returns in the near future.