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April 2024 presents a narrative of high volatility and uncertainty for most altcoins. Notably, the MATIC price forecast suggests a modest uptick, yet the prevailing sentiment remains bearish. Similarly, Cardano’s recent performance suggests a delicate balance between sustaining gains above crucial support levels and the looming threat of a bearish reversal.
Conversely, the presale market is thriving, with BlockDAG (BDAG) stealing the show with its projected 20,000X ROI potential. So far, BlockDAG’s presale has secured $16.4 million from selling 7 billion BDAG coins. Currently priced at $0.0045 each, the price per BDAG will increase as the project progresses with its presale, culminating at $0.05 by the final batch.
MATIC Price Forecast for April 2024
Polygon (MATIC) forecast for 2024 suggests a potential rise of 8.84%, reaching $0.957982 by May 10, 2024, from the current price of $0.885052. Despite this optimistic MATIC price forecast, the overall sentiment remains bearish, with technical indicators showing a bearish bias (60% bearish to 40% bullish).
However, the Fear & Greed Index indicates extreme greed at 78, contrasting with the bearish sentiment. Technical analysis of the MATIC price forecast a short-term increase in the 200-day SMA to $0.881900 and the 50-day SMA to $0.961430 by May 10, 2024. The current Relative Strength Index (RSI) at 42.29 suggests a neutral market position for MATIC.
Cardano Price April 2024 Forecast
Over the recent days, bulls have successfully maintained Cardano’s (ADA) price above $0.57, elevating it to the 20-day EMA of $0.62 as of April 8. A rejection at the 20-day EMA would indicate that sellers have the upper hand. They will likely attempt to drive the price below the $0.57 mark. Achieving this would complete a bearish head-and-shoulders pattern, potentially triggering a decline towards the key support level at $0.46.
Conversely, a breakout and closure above the 20-day EMA signify a bullish momentum, potentially leading to a climb to $0.68. To sustain a bullish trend, buyers need to breach this level, setting the stage for a possible rally to $0.81.
BlockDAG – Crypto With the Most Potential for 2024
BlockDAG has achieved remarkable success in its presale, securing an impressive $16.4M at press time. Looking ahead, BlockDAG aims to raise $600M by the end of 2024 and launch its mainnet within six months.
The key highlight of BlockDAG’s network is its DAG architecture, which facilitates quick and efficient transaction processing, resulting in near real-time confirmations and minimising delays. This efficiency and low transaction fees make BlockDAG accessible to a broader audience, from individuals to businesses, without the burden of high costs.
Furthermore, BlockDAG boasts a remarkable transaction throughput of 10,000-15,000 TPS (transactions per second). It is also compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing smart contracts and significantly accelerate project development.
The recent release of BlockDAG’s V2 technical white paper has generated quite a buzz within the crypto community. Its showcase at the Las Vegas Sphere ignited highly bullish predictions from analysts, projecting BlockDAG to potentially 20,000x in 2025-2026.
April 2024 presents a volatile landscape for altcoins, with MATIC and ADA navigating bearish sentiments. Meanwhile, BlockDAG (BDAG) emerges as a promising contender in the presale market, with analysts potentially foreseeing BDAG to surge 20,000X by 2025-2026.
Join BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This sponsored content is not a part of NFTgators’ editorial views and is not an investment advice. Do your due diligence before making any decision.
