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Cryptocurrency News Articles

AERGO Price Jumps 25%: What's After Binance Contract Launch?

Sep 20, 2024 at 08:56 am

Aergo (AERGO) recently made waves as its price surged by 25%, following the announcement of Binance launching USD-margined perpetual contracts for the token.

AERGO Price Jumps 25%: What's After Binance Contract Launch?

AERGO (AERGO) price recently spiked by 25% following the announcement of Binance launching USD-margined perpetual contracts for the token. This development comes as AERGO has been experiencing periods of sharp volatility, with prices dipping unpredictably over the past few months.

After the announcement, AERGO’s price surged from an intraday low of $0.08566 to a high of $0.111, stabilising around $0.1054. This price hike also coincided with a 1,951.48% surge in 24-hour trading volume, further bolstering investor confidence in the token.

However, despite this recent positive movement, AERGO has faced some challenges in recent times. The token has experienced periods of sharp volatility, with prices dipping unpredictably over the past few months.

Arbitrum (ARB) has been experiencing a positive surge recently, with its price rising 1.55% in the last 24 hours and 3.10% over the past week, currently trading at $0.5174. This upward momentum is supported by several technical indicators, including a Relative Strength Index (RSI) of 59.83, which suggests growing buying interest. Additionally, narrowing Bollinger Bands point to a potential breakout, possibly driving further gains.

From a technical perspective, Arbitrum’s price action appears to be forming a bullish continuation pattern. The token has been trading within a descending channel for the past few months, and its recent breakout from the upper trendline of this channel could signal the start of a new uptrend.

Moreover, the RSI indicator is showing divergence from the price action, with the RSI forming higher lows while the price makes lower lows. This divergence typically indicates that the selling pressure is decreasing and could lead to a potential trend reversal.

While these coins show positive trends, BlockDAG (BDAG) is quietly preparing for something much bigger by raising over $73 million in just a few months.

With rumours of a 3rd high-profile soccer partnership with the Premier League club, crypto whale activity around BlockDAG is soaring, potentially driving massive growth in its presale, with the project nearing its $600M milestone.

Following its recent $10 million partnership with Borussia Dortmund and Inter Milan, BlockDAG has already marked a significant stride in the sports and crypto industries. These two deals have solidified BlockDAG’s presence in European soccer and have highlighted the project’s capacity to deliver high-value partnerships that enhance its reputation and market standing.

Now, with a third major soccer deal on the horizon, BlockDAG has sparked significant whale activity, pushing BlockDAG’s presale growth toward an impressive $600 million target. It has already raised over $73 million in just a few months. The early backers have already witnessed a remarkable 1680% rise in their funds, with BDAG coins price jumping from $0.001 to $0.0178 in the current batch.

With the successful soccer deals and rapid presale surge, crypto experts predict that the BDAG coin value will hit $1 soon, offering a staggering 5518% ROI to those who join the BlockDAG community now at the current price of $0.0178.

Original source:crypto-reporter

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