BlockDAG’s $77.5 million presale is recording a notable surge in activity as more crypto enthusiasts joining its $1M giveaway .
In the meanwhile, Ethereum ETFs experienced significant outflows on Monday, losing over $79 million. Investors are shifting to alternative opportunities due to a lack of strong developments from Ethereum in recent months.
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On the other hand, Fantom (FTM) has seen an increase of nearly 90% since the Sonic testnet launch.
Major Outflows: Investors Pull $79M from Ethereum ETFs
Ethereum (ETFs) saw significant outflows on Monday, with over $79 million exiting, marking the largest outflow since July. The majority came from Grayscale’s Ethereum Trust (ETHE), while Bitwise’s ETHW saw modest inflows.
Despite a recent 11% rise in Ether’s price, investor sentiment appears cautious, with many reallocating capital due to a lack of new developments pointing to Ethereum’s future potential. Upcoming upgrades, like the Pectra update in 2025, aim to address this concern by introducing new features. However, institutional investors seem to be focusing on other opportunities for now.
Fantom (FTM)
Fantom (FTM) has seen significant growth, rising nearly 90% since the Sonic testnet launch on Sept. 6. After reclaiming a long-term resistance level, FTM is approaching the $1 mark. Although it briefly failed to reach a new monthly high on Sept. 25, FTM shows signs of a bullish trend reversal.
The key challenge is breaking through the resistance between $0.75 and $0.86.
BlockDAG’s Second Giveaway Is Here
BlockDAG’s $1M giveaway is another strong addition to its brilliant growth strategy. Joining the giveaway is simple: hold a balance of $100 worth of BDAG coins, follow BlockDAG’s social media, and share the giveaway post. By completing these easy steps, participants could be one of 50 lucky winners to receive 20,000 BDAG coins. Additionally, those who refer friends will earn bonus entries into the giveaway, increasing their chances of winning.
Following its testnet debut, BlockDAG’s presale has raised a historic $77.5 million—making it one of the largest presales in crypto history. Given this impressive milestone, BlockDAG could emerge as one of the most prominent crypto names in the coming years. As more enthusiasts join the giveaway to benefit from BlockDAG’s explosive potential, the network’s visibility is set to increase.
With word spreading across social media, more traders are flocking to the presale, and the 23rd batch is nearing sell-out. As demand grows, prices are increasing with every batch.
Conclusions
Ethereum ETFs’ significant outflows show a growing apprehension among its investors. Experts now wonder if the upcoming Pectra update in 2025 could turn this tide. Conversely, Fantom is now targeting the $1 mark, if it maintains to clear resistance between $0.75 and $0.86 it could be looking at a long-term bullish trend.
However, eyes are turned to BlockDAG’s $1M giveaway. Given the network’s $77.5 million presale and rapidly rising demand, BlockDAG is becoming a prominent crypto to keen an eye on. The 23rd presale batch has nearly sold out.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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