As the crypto market faces challenges with BNB's price prediction influenced by legal troubles and Fantom's upgrade reshaping its future, BlockDAG stands out with its high-profile partnership with Inter Milan.
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The cryptocurrency market is known for its volatility, and this week's price movements have certainly reflected that. Binance Coin (BNB) has been struggling to maintain its $500 support level amid legal challenges in Nigeria, which could lead to a 17.5% drop in its value. On the other hand, Fantom (FTM) has undergone its biggest-ever upgrade, rebranding to Sonic Labs and launching a new high-throughput layer-1 blockchain. This move is expected to boost FTM's price back toward the $0.50 mark.
Meanwhile, BlockDAG (BDAG) has partnered with Inter Milan to bring blockchain technology to the masses. This collaboration will see BlockDAG become the Serie A giants' official blockchain partner, with the BDAG coin set to hit the $1 mark during the presale's final stage. Here's a closer look at each of these cryptocurrencies and how they might perform in the coming days.
BNB Price Prediction: Will Legal Issues Trigger a Drop?
BNB, the native token of Binance, has been facing some tough times recently. Legal challenges in Nigeria have threatened its stability, and its price has been hovering around the $500 support level for the past week. However, with Binance's legal battles intensifying, there's speculation that BNB could drop by 17.5%, bringing its price down to $420. This projection is based on the Fibonacci Retracement levels, which traders use to predict potential support and resistance zones.
The Nigerian tax authority alleges that Binance failed to declare revenues of over $2.4 billion and concealed material facts regarding its taxable income. Binance is also accused of laundering about $530 million through Nigerian banks. But Binance CEO Richard Teng has refuted these claims, stating that Binance's operations in Nigeria generated “significantly less” revenue than the amounts claimed by the tax authority.
If Teng's clarifications hold up in court, we could see BNB's price stabilize or even recover. But if the legal pressure on Binance continues, BNB holders could see more volatility ahead.
FTM Fantom Upgrade: Could Sonic Labs Bring it Back to $0.50?
In a major development, Fantom has recently rebranded to Sonic Labs, launching its biggest-ever upgrade and unveiling a new high-throughput layer-1 blockchain with a native layer-2 bridge to Ethereum. This shift marks a new beginning for Fantom, which is now positioned as a key player in the blockchain ecosystem, with new technology designed to enhance scalability and speed.
The launch of Sonic Labs is seen as an important move to boost the platform's growth potential, and analysts believe that this upgrade will increase FTM's value as the new blockchain capabilities attract developers and users. The recent rebranding and upgrade could push FTM back toward the $0.50 mark.
BlockDAG Teams Up With Inter Milan!
In a massive development, BlockDAG has partnered with Inter Milan, one of Europe's most prestigious football clubs, to bring blockchain technology to the masses. This recent collaboration is placing BlockDAG in the spotlight, not just in Italy but across the globe. With Inter Milan's huge fanbase, BlockDAG is set to make waves in the European market, opening new doors for brand exposure and community growth.
This partnership will see BlockDAG become the Serie A giants' official blockchain partner, with the BDAG coin set to hit the $1 mark during the presale's final stage. Inter Milan's fans will be introduced to BlockDAG's ecosystem through various initiatives, including advertising space at San Siro Stadium and visibility across Inter Milan's social media platforms.
This partnership will also help bring blockchain technology to millions of Inter Milan fans, many of whom may be introduced to cryptocurrency for the first time. BlockDAG's presale has already reached an impressive $71.2 million, and this partnership is set to drive the BDAG coin's value even higher.
Early holders have already witnessed a 1680% growth in their stakes, with the BDAG coin's price surging from $0.001 to $0.0178 across 22 presale batches. Experts predict that with its expanding recognition, BDAG could hit the $1 mark, offering traders an over 5500% ROI potential who join BlockDAG now at $0.0178.
BlockDAG presents an exciting opportunity to capitalize on short-term gains and long-term growth for those wondering which crypto to buy today.
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