Hedera (HBAR) has made headlines recently with a huge price spike, jumping more than 17% in one day to a high of $0.2498. This noticeable increase was accompanied by a huge record of trading volume, over $2.12 billion. The upsurge pushed Hedera’s total market capitalization to $10.47 billion. BlockDAG is producing considerable momentum with its presale now having raised a tremendous $342 million. It has a very attractive referral program that tries to recruit its own community.
Hedera’s bullish price trajectory is evidenced by positive trading signals. Of note, the Relative Strength Index (RSI) is at 80.53, indicating that the asset has entered overbought conditions. From a technical standpoint, a MACD crossover would signal that sustained buying pressure is developing. At the same time, the Chaikin Money Flow signalling 0.19 shows that money is indeed flowing into HBAR. That said, the cryptocurrency is currently testing strong resistance levels at $0.2504 and $0.2511. These areas will be key to pay attention to over the next few days.
BlockDAG sets itself apart with a better referral program. Under this new program, ambassadors earn rewards equal to 25% of the referred customer’s purchase value in BDAG tokens for each referral that leads to a purchase. Players win, too, as each new buyer gets a 5%-of-purchase bonus—paid in BDAG tokens. For instance, a $100 purchase through a referral earns the referrer $25 and the buyer $5, both in BDAG tokens.
Their BlockDAG presale has been going very well, raising $342 million so far and selling 24 billion tokens. Right now, the presale price is $0.0016, with a listing price scheduled for $0.05. This difference makes it a potentially profitable early investment opportunity.
BlockDAG emphasizes a community-first approach. With this strategy, they seek to stoke incredibly fast growth and cultivate a robust network effect at the same time. By promoting the importance of participation with its referral program, BlockDAG has taken significant steps in creating a committed user base.
Hedera’s recent price surge and BlockDAG’s successful presale are perfect examples of how fast things are changing in the crypto space. While Hedera's technical indicators suggest a potential consolidation phase, BlockDAG's innovative referral program and substantial presale funding indicate strong growth potential. Investors are sure to watch both projects intently as they continue on down the path of the nascent blockchain revolution.
