Cardano (ADA) has been performing really well recently, making the total crypto market worth almost $1.8 trillion, and to be honest with you, you don’t see this happening every day. On the other hand, ARK Invest, led by Cathie Wood, is now officially the second-largest holder of Bito.
BlockDAG (BDAG) is a completely different story, it’s a crypto project with new ideas, that wants to make mobile mining apps accessible for everyone, and launches its mainnet in just six months. Pals, hang in there because I have a story to tell about the recent crypto mess that is making bold headlines in the media.
Cardano Zoomed Past Santa’s Sleigh In December
Cardano (ADA) stood out during the recent cryptocurrency bull-run that happened in December, driven by the Bitcoin ETF approval suspense, helping the total crypto market value reach almost $1.8 trillion. ADA’s price went higher than 10%, hitting a record of $0.67, and its total value in the market reached nearly $23 billion, making it the eighth-largest token. However, as the frenzy faded, ADA couldn’t keep up and is now back within the range of $0.5.
Despite this, experts think ADA could still grow back, reaching $0.78, especially if the overall crypto market keeps doing well, as predicted for 2024.
ARK Invest Sells GBTC, Buys Bito
Cathie Wood’s ARK Invest sold all its remaining Grayscale Bitcoin Trust (GBTC) holdings, valued at $200 million, on December 28. They invested $100 million from the sale into the Bitcoin Futures ETF, Bito. Analysts see this as a temporary move as ARK Invest seeks a more liquid investment. This makes ARK Invest the second-largest holder of Bito.
The firm started selling GBTC shares in October, and this recent decision aligns with the approval of spot Bitcoin ETF. Cathie Wood, ARK Invest’s CEO, remains optimistic about the long-term view despite the expectation that a spot Bitcoin ETF could impact short-term BTC prices.
BlockDAG Coin Raises 1 Million in 24 Hours: Should You Invest?
BlockDAG, inspired by Kaspa’s success, has entered the crypto scene with a bold promise to launch its mainnet within six months, a significant move considering the typically long development cycles in the industry. Focused on precision and speed, BlockDAG seeks to revolutionise the crypto landscape.
The project has already secured $1 million in its initial presale, targeting an ambitious $600 million in 2024. BlockDAG aims to improve mobile mining, introduce a new consensus mechanism, and rapidly expand its mainnet to build a comprehensive crypto ecosystem. Transparent tokenomics forms the foundation of BlockDAG’s commitment to long-term success.
BlockDAG has started mining crypto, focusing on making it easy for people through mobile mining apps. They are moving from a testing phase to a fully open system, emphasising that it can grow fast. They offer four ways to mine, from using an app on your phone called BlockDAG X1 to powerful machines like BlockDAG X100, which enables you to earn up to 25,000 $BDAG coins every day. Each option has clear instructions, a power supply, and support to help users.
To make the most of their money, people can try different ways like investing in tokens, mining on their phone for daily earnings, using dedicated machines for steady income, and even trading miners for more options, providing different ways to always earn more.
Ready To Invest?
In general, most of the crypto market is happy, and each coin is like a kid in a candy store, cheering and partying, just like the new boy BlockDAG.
BlockDAG is doing something completely new, making it easy to access mobile mining apps. Things are changing fast in the crypto world, so you must keep an eye on the market, or the opportunities will zoom past you faster than a blink of an eye.
