BlockDAG Raises $334M Amid U.S. Sponsorship Rumours While SUI Volume & LINK Price Chart Show Bullish Signals
BlockDAG, a rising star in the crypto world, has recently raised an impressive $334 million in funding amidst swirling rumors of a potential U.S. sponsorship deal. At the same time, the trading volume of SUI has more than doubled, exceeding $1.48 billion in just a day, propelling its price above $3. This surge in activity indicates a growing interest in these digital assets, with investors closely monitoring the market for potential opportunities.
SUI Volume Surges Over $1.48 Billion as Price Hits $3
The trading volume of SUI has experienced a remarkable 101% increase within a 24-hour period, reaching an impressive $1.48 billion. This surge in volume has driven SUI’s price above $3, marking a daily gain of 4%. Analysts attribute this surge to a solid support level between $2.00 and $2.40, suggesting the potential for further upward movement. With increasing developer support and a market cap approaching that of Solana, SUI is emerging as a major player in the crypto space.
Chainlink (LINK) Price Chart Eyes $80 Breakout
Meanwhile, the Chainlink (LINK) price chart is attracting attention as traders anticipate a breakout above $35, with the potential to reach $80. Following its trading near $13.20, LINK has been consolidating within a range of $5 to $35 since hitting $55 in 2021. The $35 level is now a key resistance to overcome, and a successful breach could trigger a significant rally towards $80, as suggested by Fibonacci projections. Traders are closely monitoring LINK for potential bullish opportunities as it hovers within this crucial range.
BlockDAG’s Potential U.S. Sponsorship Deal Sparks Investor Interest
BlockDAG has captured the spotlight with rumors swirling about a notable U.S. sponsorship agreement. Setting itself apart from other projects, BlockDAG is actively seeking real-world exposure through partnerships in sports, media, and public events. With collaborations already in place with well-known entities such as the Seattle Orcas, Seattle Seawolves, Inter Milan, and UFC’s Alex Pereira, BlockDAG is strategically positioning itself to engage a wider audience beyond the crypto community.
As the project gears up for its GLOBAL LAUNCH on August 11, BlockDAG is offering early access at an attractive entry price of $0.0016 per coin. This limited-time offer has already attracted substantial investment, surpassing $334 million with over 23.7 billion coins sold. With unique features like zero gas fees and the innovative X1 Miner app, BlockDAG is not just a cryptocurrency but a platform aiming to integrate blockchain technology seamlessly into everyday life.
Expert Commentary by Sam Boolman, ChainIntel’s Lead Analyst
According to Sam Boolman, ChainIntel’s lead analyst, the recent developments in the crypto market reflect a growing appetite for high-potential projects like SUI, LINK, and BlockDAG. While SUI demonstrates strong growth potential and market positioning, the potential breakout in LINK’s price chart signals a promising future for the asset. However, it’s BlockDAG’s strategic approach and rumored U.S. sponsorship that have positioned it as a standout contender for significant returns in the current market landscape.
For investors seeking lucrative opportunities, BlockDAG’s presale and upcoming launch present a compelling investment proposition, backed by a solid foundation and innovative features that set it apart from traditional cryptocurrencies.
Disclaimer: This editorial content is sponsored. Readers are advised to conduct their own research before engaging in any investment activities related to cryptocurrencies.
