Recent trends in Near Protocol liquidation reveal a concerning decline, as the cryptocurrency’s value fell to $5.94, experiencing a 5% drop in the past week. This has disrupted traders’ hopes for a price rebound. Meanwhile, Bittensor (TAO) has held its ground, showing resilience amidst the turbulent crypto market influenced by widespread fluctuations.
Under the adept leadership of CEO Antony Turner, a seasoned expert in blockchain and tech industries, BlockDAG (BDAG) has catapulted to a notable $62.8 million in its presale. The excitement builds as the unveiling of top executives suggests BlockDAG's potential climb to the CoinMarketCap top 30 upon its debut.
Currently, Near Protocol is trading at $5.94, marking a nearly 5% decrease over the last week. This downturn has significantly affected futures traders who had banked on rising prices, leading to substantial liquidations. In the unpredictable realm of crypto derivatives, such liquidations occur when market trends defy traders' predictions.
Over the past week, the magnitude of long position liquidations for Near Protocol reached around $2.31 million, as per Coinglass data. Despite these challenges, interest in long positions within Near Protocol’s futures market persists, with the current funding rate on various exchanges at 0.0047%, reflecting continued trader engagement amid recent liquidations.
After a dramatic drop of more than 70% around July 4, Bittensor (TAO) stabilized at a support level of $190. From this base, it began a recovery, ascending to $270. This recovery was briefly sustained until reaching a resistance level at $360, where it struggled to advance further.
This rally was influenced by the overall uptrend in the crypto market and news of Grayscale’s new fund focusing on decentralized AI technologies, including Bittensor (TAO).
The blockchain sphere has been electrified by the strategic unveiling of Antony Turner as CEO of BlockDAG. His appointment has sparked significant excitement, reshaping the competitive landscape and marking BlockDAG as a significant contender in the crypto market.
With over two decades of leadership in technology-driven firms in the FinTech and EdTech sectors, and a notable tenure as COO at SPIRIT Blockchain Capital Inc., Turner brings a deep understanding of blockchain to his role at BlockDAG. His leadership is viewed as pivotal to BlockDAG’s future, drawing investor interest and promising a robust growth trajectory for the BDAG coin.
This surge of enthusiasm is mirrored in the crypto community, drawing new investors attracted by the potential steered by Turner’s vision. His leadership is driving BlockDAG towards new heights, with the presale already accumulating $62.8 million for 12.4 billion coins sold. Observers of the crypto market are watching eagerly as BlockDAG approaches its launch, poised to break into the top 30 on CoinMarketCap under Turner’s guidance.
As BlockDAG carves its niche amidst challenges like Near Protocol liquidations and Bittensor’s market presence, it stands out as a leader under Antony Turner’s strategic direction. This has culminated in a robust presale, amassing $62.8 million and positioning the venture for further success among forward-thinking investors.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu