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Blockchain in 2024: BlockDAG Release 51; Elevating Error Management; $10 BDAG Forecast by 2025

Source Livebitcoinnews

BlockDAG’s Development Release 51 unveils significant upgrades in its Blockchain Explorer, emphasizing timely updates and solid error handling. These enhancements affirm BlockDAG’s commitment to pioneering and dependability, crucial for the success of its ongoing presale. With the presale amassing $50.8 million and the coin’s price currently at $0.0122, experts foresee BDAG reaching $10 by 2025. These advancements, along with the impending mainnet launch, earmark BlockDAG as a prime crypto investment with a significant footprint anticipated in the blockchain realm.

BlockDAG Presale Smashes $50 Million Mark

BlockDAG’s presale has recently witnessed a notable surge, raking in over $3 million within hours and now peaking at $50.8 million as Batch 18 advances. This surge underscores BlockDAG as a leading investment in the crypto sector, with the coin’s price now at $0.0122, reflecting a 1,120% uptick from its initial Batch 1 price. Analysts predict the coin will hit $10 by 2025, attributing this impressive presale journey to the unveiling of Keynote 2, which displayed the network’s technical strides and future strategies, including the eagerly awaited mainnet launch.

The forthcoming mainnet debut of BlockDAG is poised to revolutionize the crypto landscape. The Devnet phase saw key achievements, including crafting the Peer-to-Peer Engine, Block & DAG Algorithm, EVM Compatibility, and Metamask Integration. With the testnet slated for mid-August and ongoing bug fixes, the mainnet is anticipated to be operational within the next four months, showcasing BlockDAG’s pursuit of excellence and innovation, and promising a robust, cutting-edge blockchain platform for its users.

BlockDAG Dev Release 51: Refining the Explorer

BlockDAG’s latest Development Release 51 focuses on refining the x1 Miner application and the BlockDAG explorer, marking substantial progress. The team is keenly anticipating updates from the Apple Store about the availability of the x1 Miner application while concentrating on enhancing the BlockDAG explorer. The syncing of blockchain data with the explorer guarantees updates in real time, employing advanced communication protocols like WebSocket and HTTP/2 for flawless blockchain interaction.

Acting as the explorer’s reliable partner, the sync service consistently fetches and updates data to ensure accuracy. It incorporates comprehensive error-handling systems and backup strategies to manage blockchain reorganizations and other potential challenges, securing data consistency and trustworthiness. The explorer’s adeptness at detecting and adjusting to blockchain reorganizations highlights its durability and dependability.

Grasping the basic data structures such as block headers, transactions, and block interconnections is essential for the development of the sync service. The outlined pseudo-code clarifies the essential steps for gathering block headers and transactions and forming block links. This foundational knowledge guarantees the service’s capability to manage and refresh blockchain data efficiently.

Furthermore, through meticulous testing and enhancements, the sync service is optimized for steadfast reliability, scalability, and high-performance operation. This release mirrors BlockDAG’s commitment to delivering an outstanding user experience, emphasizing continual advancement and creativity.

Summing Up

To sum up, The pivotal updates in Dev Release 51, featuring robust error handling and immediate updates, refine the Blockchain Explorer. These technological enhancements reinforce BlockDAG’s reliability, boosting investor interest. These developments have propelled the presale close to hitting $53 million. With forward-thinking initiatives like the impending mainnet launch, BlockDAG is well on its way to reaching the forecasted $10 value by 2025, making it a lucrative investment opportunity.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The post Blockchain in 2024: BlockDAG Release 51; Elevating Error Management; $10 BDAG Forecast by 2025 appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Macro Analysts: Hawkish Japan Could Push Bitcoin Below $70K Analysts predict Bitcoin may face further declines towards the $70,000 mark if the Bank of Japan raises interest rates as expected.

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Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

Author Mitrade

8 hours ago

Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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Beginners

Blockchain in 2024: BlockDAG Release 51; Elevating Error Management; $10 BDAG Forecast by 2025

BlockDAG Presale Smashes $50 Million Mark

BlockDAG Dev Release 51: Refining the Explorer

Summing Up

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