As 2025 quickly approaches, everyone’s asking is, “What’s the best long-term crypto to invest in this year?”
To answer that, let’s look at the three top cryptos in the market right now. First, Ethereum (ETH) is experiencing a shift towards restaking, driven by lower staking rates and intense competition among service providers. Second, Fantom (FTM) is facing a bearish trend, with its price dropping 6.8% in just one week.
Lastly, BlockDAG, a leading Layer-1 blockchain, is set to launch its Testnet on September 20th. This launch comes amid BlockDAG’s highly successful presale that has already raised over $70.5 million, with 21 out of 45 batches sold out. Unsurprisingly, excitement is building as BlockDAG’s demand continues to surge.
Ethereum Restaking Goes Up as Staking Rates Dip
Ethereum’s restaking is gaining traction, and it’s not just by chance. As annual staking rates decline, more ETH holders are turning to restaking to maximize their rewards. Essentially, restaking allows investors to reuse their staked Ether, earning additional rewards without committing new funds.
The increase in restaking has also contributed to the rising supply of ETH, which recently surpassed 120 million tokens. A mix of factors, including competition among staking service providers and new developments like EigenLayer’s reward system, has fueled this surge.
Fantom Price Prediction: Will Bears Persist?
Fantom’s (FTM) price has been on a rollercoaster, with a 6.8% drop over the last week and a 2.9% decline in market cap in just 24 hours. While the token has seen a 115% gain over the past year, recent price action has been largely negative.
FTM is currently battling a bearish trend, with strong resistance at $0.65. The technical indicators aren’t promising either—FTM is trading below its 50-day and 200-day EMAs, and the MACD remains in negative territory.
Demand for BlockDAG Booms as Testnet Goes Live on Sep 20
BlockDAG, an emerging Layer 1 blockchain known for addressing the blockchain trilemma, is set to launch its Testnet on September 20th, 2024. This milestone is crucial to BlockDAG’s impressive presale, which has already raised over $70.5 million, with 21 out of 45 batches sold out.
The Testnet launch is crucial to Mainnet, potentially pushing the BDAG coin’s price to the projected $1. This launch will give users their first hands-on experience with BlockDAG’s blockchain, featuring a handy Blockchain Faucet that allows users to mint their BDAG coins. These coins can then be transferred using the MetaMask Wallet, offering a practical way to explore blockchain transactions.
Developers and crypto enthusiasts will also have the chance to delve into block details, track transactions in real-time, and test smart contracts, including minting NFTs. With the Testnet going live, a surge of interest is expected from both developers eager to explore BlockDAG’s capabilities and users keen to engage with the network.
But it’s not just excited developers—holders are snapping up BDAGs like there’s no tomorrow. With only two weeks left until the testnet launch, the market is buzzing with anticipation. Currently priced at $0.0178 per coin, BlockDAG’s presale Batch 22 is nearing a sellout. Considering the $1 forecast, early participants could be looking at a remarkable ROI of over 5500%.
Conclusion
Ethereum’s restaking trend, driven by a 0.0083% dip in annual staking rates, shows how investors are adjusting to maintain returns as ETH’s supply increases. Meanwhile, Fantom is struggling to break through the $0.65 resistance level, despite a 115% gain over the past year.
For those seeking a strong long-term crypto, BlockDAG stands out, especially with its Testnet launch on September 20. This upcoming launch has attracted a surge of interest from developers and holders flocking to BlockDAG’s platform. Additionally, the BDAG coin comes with a promising $1 forecast. Currently priced at just $0.0178 per coin, those who get in before Batch 22 closes could potentially see an ROI of over 5500%.
Learn About BlockDAG – Act Now Before Prices Increase:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
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