As bearish sentiments persist in the market, cryptos like NEAR Protocol and Aptos (APT) are struggling under intense selling pressure and price drops. While NEAR battles with a large gap between long and short liquidations, Aptos is struggling to overcome resistance levels after a series of drops.
In contrast, BlockDAG (BDAG) has captured the market attention with its innovative Directed Acyclic Graph (DAG) technology which attracted $120.5 million in funds during presale. However, the Layer 1 project made it to the headlines after its $1 million giveaway witnessed massive traction attracting over 14,000 people. Read why BlockDAG is a must-watch project.
NEAR Protocol’s Price: 25% Decline In 1 Month
In 2020, NEAR Protocol was launched to tackle blockchain scalability with its innovative sharding technology and developer-friendly platform. Despite its initial popularity and robust ecosystem, NEAR’s price has struggled in the latter part of 2024 and a bearish trend continues to persist into November.
The NEAR Protocol price has seen a decline of 25% over the past month. The stark imbalance between long and short liquidation has negatively impacted broader market sentiment around the NEAR Protocol, with long liquidations at over $1.02 million and short liquidations at only $45.81k. This significant gap indicates that a large number of investors holding long positions are forced to close them due to declining prices. Hence, analysts suggest that investors should exercise caution before investing in the NEAR Protocol due to the possibility of a continued downward trend.
Aptos Price Analysis Hints A Bearish Trend
Aptos established in 2022, emerged as a high-throughput blockchain that could solve scalability issues. Aptos gained significant attention due to its backing from former Meta engineers and its ambitions in decentralised finance (DeFi). However, Aptos has found it challenging to maintain its bullish momentum, with prices showing a significant fluctuation in November.
According to Aptos price analysis, the decline began last week when APT failed to break the $10 mark, triggering a 1.84% drop. This led to increased selling pressure which in turn caused the price to fall to $8.94 by Friday. The bearish sentiments grew over the weekend and the prices hit a low of $7.84 causing the new week to begin with increased volatility.
Additionally, Aptos is facing competition from projects like Ethereum and Solana, further limiting Aptos’s ability to carve out a sustainable niche. Given these issues, Aptos faces a challenging road ahead.
BlockDAG’s $1M Giveaway: A Chance To Win Big
Unlike NEAR Protocol and Aptos, BlockDAG is making strides in the blockchain space by offering a thrilling $1 million giveaway. Participants have the chance to be among the 50 lucky winners who will share this massive prize pool. Participating in BlockDAG’s presale is the key to unlocking this giveaway. To participate, one needs to hold at least $100 worth of BDAG and increase your chances of winning with each additional task completed.
In addition to that, BlockDAG commands attention with its presale value already reaching an exceptional $120.5 million. BlockDAG has already sold over 15 billion coins showing significant buyer confidence. Early adopters who bought Batch 1 are expecting a massive 2100% return on investment. Currently, Batch 25 is being sold at $0.022 per BDAG and is expected to yield even more substantial returns as the price is projected to hit $1 in a few months. Hence buyers are set to reap substantial returns as the project gains more attention.
To further sweeten the deal, BlockDAG has introduced a limited-time bonus code, BULLRUN100, which gives a 100% bonus on purchases along with early access to the Golden Ticket Airdrop.
The Future Of Crypto Market
With NEAR Protocol’s price drop and Aptos price analysis revealing a decline, BlockDAG stands as a promising long-term bet. The project is gaining traction for its highly successful presale and limited-time incentives. Buyers can easily double their initial holdings at no extra cost, which is rarely seen in presales. Early buyers are already earning an extraordinary 2100% ROI and future projections suggest a price of $1- making BlockDAG a compelling opportunity with rapid growth potential.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
This is a sponsored article. The article should not be considered as advice.