Bitcoin Cash (BCH) recently experienced a significant drop of 13% over an eight-day period, hitting a new weekly low. If this downward trend continues, BCH could fall to even lower support levels. On the other hand, Fireblocks announced its integration with the Cosmos ecosystem, leveraging the decentralised exchange (DEX) and DeFi hub Osmosis.
Meanwhile, BlockDAG (BDAG) has launched its updated Keynote 2, called ‘From the Moon,’ featuring substantial milestones. Supported by prominent crypto influencers, the presale surpassed the $42.2 million mark, with over 10.8 billion coins sold at $0.011 each in batch 17. BlockDAG is emerging as a leading cryptocurrency, attracting significant investor and developer interest due to its innovative technology and high return potential.
Bitcoin Cash Experiences Decline Amid Market Consolidation
Bitcoin Cash (BCH) has seen a decline, dropping 13% over eight days to reach a new weekly low. Bulls are striving to halt further declines in BCH prices. This downturn follows the SEC’s approval of Ethereum ETFs, which led to market consolidation.
Active BCH wallets have notably decreased, reflecting negative market sentiment. Technical indicators suggest that BCH’s price could drop further if current support levels fail. The bearish trend might push BCH’s price towards lower support levels if it continues. Trading derivatives carries high risks and should be approached with caution.
Fireblocks integrate with Cosmos Ecosystem
Fireblocks, a leading digital asset custody platform, has integrated with the Cosmos (ATOM) ecosystem, utilising the DEX and DeFi hub, Osmosis. This integration will greatly enhance DeFi functionalities for Fireblocks users. Osmosis, a key cross-chain DEX and DeFi hub within Cosmos, has managed over $33 billion in trading volume and connected over 90 blockchains to its app chain.
This integration provides a comprehensive user experience, often surpassing centralised exchanges, by offering a wide range of DeFi applications that blend native features with third-party integrations. The Fireblocks and Cosmos integration via Osmosis represents a significant advancement in the DeFi space, offering users secure and efficient ways to engage with decentralised finance.
BlockDAG’s Keynote 2 Sparks Investor Excitement
BlockDAG’s second keynote, gaining recognition from Forbes and Bloomberg and support from top crypto influencers, highlights significant achievements. Key updates include the X1 App’s beta version launch, blockchain advancements, and enhanced global marketing strategies. Over 45 development updates have been released, focusing on an efficient DAG implementation that supports multiple transaction confirmations simultaneously.
The mainnet launch is planned for the next four months. Currently raising $500,000 daily, analysts predict BlockDAG’s daily earnings to reach $5 million. Plus Wallet will be the exclusive partner for the launch. The presale accepts over 10 payment methods, including USDT, Ethereum, and BNB. Upcoming releases include a DOXing video, a development documentary, and a $2 million reward for 50 early adopters, with over 60,000 entries already received.
Additionally, BlockDAG has introduced a Low-Code/No-Code platform to simplify software creation. This platform enables users to create, manage, and deploy software applications by dragging and dropping components instead of writing code, streamlining development within the complex ecosystem of decentralised applications on BlockDAG blockchains.
Final Thought
While Bitcoin Cash faces a bearish trend that could lower its price support levels, the broader crypto ecosystem continues to evolve. Fireblocks’ integration with the Cosmos ecosystem and BlockDAG’s successful keynote release highlight the market’s dynamic nature.
BlockDAG stands out with its impressive presale achievements and growing recognition, positioning itself as a leading cryptocurrency with a promising future. Its introduction of a Low-Code/No-Code platform further simplifies app development, making it more accessible and fostering innovation.
Join BlockDAG Now!
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu