BlockDAG's $0.0019 Price & 25% Referral Bonus Ignite Buzz as ETH Strengthens and XRP ETF Heats Up

BlockDAG’s (BDAG) presale continues to heat up with some blistering momentum. The platform’s new Referral Program has really ignited interest.

Those who sign up for BlockDAG’s presale can now easily invite friends, family, and colleagues to join the journey. For every successful referral, the referrer will be rewarded with an extra 25% of their friend’s purchase amount in BDAG tokens.

But that’s not all—each referred buyer will also receive an immediate 5% bonus on their purchase. This creates a win-win scenario, sparking a surge in new sign-ups as people share the presale link far and wide.

Get 25% extra in referral benefits and 5% on each person you invite! Join the BlockDAG presale today: https://purchase.blockdag.network

It’s a Triple Threat: BlockDAG vs. Ethereum & XRP

This week has seen some interesting developments in the crypto market. Major players are making moves, and several topics have traders particularly engaged.

As macroeconomic cues shift, traders are keeping a close watch. Among the key trends, we’ll highlight:

* Ethereum’s price outlook benefits from ETF inflows and Layer-2 rollups.

* XRP futures ETF sparks interest for new trading strategies.

* BlockDAG’s presale is heating up with a 25% referral bonus and $0.0019 price.

Let’s delve deeper into each cryptocurrency and the latest updates.

Ethereum’s Price Outlook: ETFs, Pectra Upgrade, and Layer-2s Drive Gains

Ethereum’s price outlook is coming into sharper focus as the world’s second-largest cryptocurrency hovers around $1,825. In recent times, ETH has demonstrated resilience, recovering from a recent price crash and showcasing strength.

Over the past week alone, the coin has climbed nearly 12%. This move is being attributed to several key developments. Firstly, there’s been a significant influx of capital into Ethereum ETFs, which are becoming increasingly popular among institutional investors seeking exposure to the digital asset market.

Another factor is the ongoing success of Layer-2 rollups. These protocols are designed to handle high volumes of transactions off the main Ethereum chain, effectively increasing the network’s capacity and throughput.

At present, Layer-2 rollups collectively hold an impressive $45 billion in assets, according to DeFiLlama data. This level of liquidity is a testament to the widespread adoption and usage of these protocols.

Furthermore, the upcoming Pectra upgrade is expected to streamline validator roles and accelerate transaction speeds on the Ethereum network. This could unlock further growth in Ethereum’s price outlook as it becomes even more efficient and cost-effective to operate.

Pectra is the second part of the planned "fractura" upgrade series, which aims to introduce smaller, more modular upgrades to the network throughout the year. The first stage, "Paydras," was completed in March, focusing on streamlining gas fee structures and rendering them more predictable for users.

After Pectra, the focus will shift to the "Eris" upgrade, which is slated to arrive later this year. Eris is poised to introduce new capabilities for registering and managing payloads within the Beacon Chain, paving the way for more diverse use cases on the Ethereum network.

The shifting macroeconomic trends are also being closely monitored by traders. Changes in U.S. interest rates from the Federal Reserve could have a bearing on the momentum of cryptocurrencies in the months ahead.

As the crypto market navigates these shifts, traders are following the FTX fallout closely. The bankruptcy case is unfolding in Delaware, with creditors preparing to file their claims by December 15.

Among the key issues at hand is the recovery of customer funds, which will be a crucial factor in determining the extent of losses incurred by traders and institutions who held assets on the exchange.

Traders are also keeping an eye on the status of institutional capital in crypto markets. A recent report by CCData highlighted a decline in net capital flows into crypto products in the week of July 17.

While crypto ETFs saw outflows of $65 million, futures products saw inflows of $17 million, indicating a preference for short-term trading strategies over long-term holdings.

XRP ETF Spurs Anticipation and Advanced Strategies

In a move that has generated significant buzz within the crypto community, ProShares has announced plans to launch a leveraged futures product for XRP later this summer.

This ETF will offer 2x exposure and also provide opportunities for inverse trading, allowing institutional and retail traders to easily capitalize on or hedge against XRP’s price movements without needing to hold the coin itself in a direct capacity.

While not the hotly anticipated spot-based XRP ETF that many had hoped for, this regulated product will nevertheless introduce several sophisticated trading strategies to the market.

Arbitrage traders, in particular, are keenly interested in exploiting any price discrepancies that may arise between