BlockDAG Sees a Wave of Influencer Endorsements Amid $30 Price Predictions; Solana ETFs Await Elections, SEI Price Drops
Solana’s ETF prospects are uncertain due to the upcoming US elections, while Sei’s price is facing a bearish market outlook. On the other hand, BlockDAG (BDAG) is experiencing a massive presale surge following endorsements from prominent influencers, driving a rush of investors.
BlockDAG is seeing impressive growth amid the new wave of endorsements from famous crypto influencers. Analysts are also forecasting ambitious prices for BlockDAG to reach $10 by 2025 and $30 by 2030, underscoring its potential as one of the top crypto coins to watch.
The U.S. cryptocurrency investment landscape may evolve with a potential new altcoin ETF, but regulatory and political challenges loom, especially ahead of the 2024 U.S. presidential election. This analysis explores Solana ETFs as a candidate for the next crypto ETF.
On May 23, the SEC approved spot Ether (ETH) ETFs, though their launch will take time. Market speculation now focuses on Solana, driven by institutional interest and its high-performance blockchain. Despite regulatory and political uncertainties, demand for Solana ETFs remains strong. However, investors should temper expectations, as broad altcoin ETF approvals are unlikely soon.
Sei (SEI) price consolidation is nearing its end, indicating a potential volatile breakout. SEI has formed a descending triangle setup, suggesting a 42% crash from the breakout point of $0.467 to a target between $0.350 and $0.265. This level, aligned with a weekly imbalance, could be ideal for accumulation.
The Relative Strength Index (RSI) remains below 50, signaling weak bullish momentum. If the bearish outlook continues, the forecasted crash may occur. However, a significant Bitcoin (BTC) price rise could invalidate this, and a decisive
Read more on cryptonews.com
