IOTA Rallies, Ethereum ETF Attracts Big Inflows, and BlockDAG’s Referral Bonus Fuels Explosive $225.5M Presale Action

Momentum is charging back into the crypto space, and it is coming from all angles. IOTA price action is heating up as traders prepare for the highly anticipated Rebased upgrade.

The crypto market is displaying a mixed bag of trends today, with some projects like IOTA showing strong momentum ahead of a major upgrade, while Ethereum is seeing increased institutional interest. However, BlockDAG (BDAG) is taking the spotlight with its newly launched referral program and staggering presale success, having raised over $225.5 million.

IOTA Price Forecast Turns Bullish as Major Upgrade Nears

As the countdown to IOTA's Rebased upgrade begins, traders are piling into the token, pushing IOTA price up for ten straight days. The token has breached the $0.24 mark, reaching its highest levels in over two months.

This move is significant as it follows a period of consolidation around the $0.18 level, which was a key area of support during the token's 2023 price recovery. A sustained break above $0.24 could open the door for further gains toward the $0.42 level, which is the next major resistance.

IOTA is set to become a smart contract platform with the Rebased upgrade, which will also introduce a delegated proof-of-stake system. This partnership with Ankr and Nansen to become validators will be a crucial factor in determining the success of the upgrade.

If the buyers can maintain control and push IOTA price above the $0.24 level, then the next major Fibonacci resistance level at $0.42 could be on the radar. A close above $0.42 would be needed to continue the rally toward the $0.62 level.

However, if the sellers regain control and push IOTA price back below the $0.18 level, then the next major support level could be at the $0.10 level. A sustained break below $0.10 would be needed to continue the decline toward the $0.05 level.

Overall, the IOTA price forecast is becoming more bullish as long as the token remains above the key support levels. The upcoming Rebased upgrade is a major catalyst for the token, and it could help to fuel a rally to new all-time highs.

Ethereum ETF Inflows Spark Speculation As Sentiment Shifts

After eight straight weeks of outflows, the institutional money has finally begun to pour back into Ethereum. A fresh 40,000 ETH inflow has kicked off speculation and attention across trading desks.

This follows last week's report that saw a staggering $183 million pour into ETH investment products. This is a fabricator shift in thinking as the world's second-largest cryptocurrency has struggled to gain a foothold with larger-scale investors.

Many are attributing this sudden interest in ETH to the blockchain's growing list of upgrades. As covered, Pectra and improvements like EIP-9698 are aimed at boosting scalability and making the network more attractive for long-term players.

As Ethereum ETF inflows begin to pick up, the market will be watching closely. Many believe this could be the start of a bigger shift, where ETH regains its place as one of the most desirable assets for both institutional and retail buyers.

BlockDAG's 25% Referral Program Turns Presale Into A Race To Earn Big

While IOTA and Ethereum are heating up on the charts, BlockDAG (BDAG) is turning heads with a very different play that lets anyone turn sharing into serious crypto rewards.

Its newly launched referral program offers an irresistible incentive: share your link, get 25% of your friend's purchase in BDAG, and give them a 5% bonus on their purchase.

At today's presale price of $0.0019, those referrals can stack up quickly. Just a handful of invites could land you with thousands of BDAG coins at launch, which is expected to be around $0.05. However, if BDAG continues its presale momentum and reaches $1 or higher, as some analysts predict, then those early-earned coins could become life-changing gains.

With over $225.5 million raised and more than 19.7 billion coins sold, BlockDAG's presale is already making presale history and placing it as a top decentralized crypto to buy.

Those who join the presale early can still buy BDAG at the starting presale price of $0.0019, which will increase at specific stages as the presale progresses. At the moment, the price is set to rise to $0.0021 at the next stage.

Those who prefer to wait until after the presale can participate in the public sale, which will take place on May 13, 2023, at a higher price.

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