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BlockDAG’s Keynote Goes Viral, Raises $5.2M in Presale Amidst ADA and SEI Price Dips

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The crypto market has continued to trade in the red zone, with Bitcoin down from its ATH of $73.000  to  $67.995 and Ethereum plunging below $4000. SEI’s price has decreased by 7% over the past month, while Cardano’s has dipped below $0.7. However, analysts are still optimistic about most major altcoins, suggesting that this slump results from many coins being overbought due to FOMO.

In other words, the market is getting rid of speculators. In the presale arena, BlockDAG (BDAG) is grabbing headlines after its keynote debuted in the heart of Tokyo, attracting a massive influx of investment into its presale.

Cardano Dips To $0.68

Cardano (ADA) has dipped alongside the market-wide correction, currently trading just above $0.68. However, analysts are still optimistic about Cardano’s long-term potential.

Notably, Ali, a prominent analyst with over 50,000 followers on X, has provided an optimistic forecast for Cardano (ADA). He parallels ADA’s current price action and a fractal pattern observed from 2018 to 2021, indicating the potential for ADA to consolidate between $0.55 and $0.80 soon. After this consolidation, Ali predicts a price surge to $1.70 and a further breakout after another consolidation phase, with an aim of $5 per ADA token.

Bullish Outlook for SEI

Over the past week, SEI fell by 1% and by 8% over the past month. However, compared to SEI’s price a year ago, SEI is up by a staggering 10731.65%. Furthermore, the current sentiment for SEI is bullish, with the Fear & Greed Index at 77.

Like with Cardano’s dip, analysts still maintain an optimistic outlook for SEI despite this downturn. According to Bluntz, “2$ is not outside the realm of possibility” for SEI.

BlockDAG – Top Decentralized Crypto 2024

BlockDAG, a new PoW project inspired by Kaspa, quickly gained prominence in the presale market by securing $1 million within 24 hours of its first presale batch. BlockDAG has secured $5.2 million in its third presale batch, showcasing immense early investor support.

Besides its presale success, BlockDAG is noteworthy for its recent keynote release in the heart of Tokyo. The keynote showcased BlockDAG’s vision, roadmap, and value proposition, and it went viral, attracting a massive influx of investment to BlockDAG’s presale, with significant contributions from whale investors.

Currently, BlockDAG is available at $0.002 in its third presale batch. However, the price is set to increase incrementally with each presale batch, culminating at $0.05 by the time it gets listed on exchanges.

In response to the overwhelming early investor interest and the $5.2 million raised quickly, BlockDAG has announced a $2 million mega giveaway to be won by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all tasks, and bring friends for additional entries.

In Summary

The crypto market is currently bearish, with significant drops in Bitcoin and Ethereum and declines in altcoin prices, including SEI and ADA. However, analysts remain optimistic, attributing the slump to a market correction from FOMO-induced overbuying. In contrast, the presale market is booming as investors search for opportunities to 100x their returns. BlockDAG has become a notable contender, having raised over  $5.2M despite being only in the third batch of its presale.

 

Invest in BlockDAG presale

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Voice, Data Services Affected by Undersea Cable Cuts Restored – NCC

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The Nigerian Communication Commission (NCC) has announced the restoration of calls and data services following the disruption caused by damages to undersea fiber optics along West African coasts.

In a statement signed by Reuben Muoka, the NCC’s Director of Public Affairs, dated 18th March 2024, the commission said that “services have now been restored to approximately 90% of their peak utilization capacities.”

“All operators who were impacted by the cuts have taken recovery capacity from submarine cables, which were not impacted by the cuts, and have thus recovered approximately 90% of their peak utilization capacities,” the statement said.

According to the statement, Mobile Network Operators have assured the Commission that data and voice services would operate optimally pending full repairs of the undersea cables as they have managed to activate alternative connectivities to bring back the situation to normalcy.

“We extend our appreciation to telecom consumers for their patience and understanding during the downtime caused by the undersea fibre cuts,” the commission said.

On Thursday, a widespread internet outage hit West, Central, and Southern Africa, plunging countries across the continent into connectivity chaos.

Reports from the Internet observatory Netblocks indicated that on Thursday, a widespread internet outage struck West, Central, and Southern Africa, throwing countries across the continent into a state of connectivity chaos.

According to Netblocks, multiple subsea cables experienced failures, leading to extensive disruptions that affected the affected nations profoundly.

While the exact cause of the cable failures remains unclear, the outage’s impact was significant across various sectors. Netblocks’ data painted a grim picture, highlighting severe outages in Ivory Coast, a crucial economic center in the region. Additionally, Liberia, Benin, Ghana, and Burkina Faso faced substantial disruptions, exacerbating challenges for businesses, government agencies, and ordinary citizens who rely on stable internet connectivity.

Cloudflare’s analysis revealed a noticeable pattern in the timing of the disruptions, suggesting a coordinated impact that spanned geographical boundaries from northern to southern Africa. This synchronized disruption underscored the systemic nature of the outage, prompting questions about the underlying causes and vulnerabilities of the region’s digital infrastructure.

The economic consequences of the internet outage were profound, with businesses across various industries grappling with the sudden loss of connectivity. The abrupt disruption in internet services dealt a severe blow to productivity and revenue generation, exacerbating operational challenges in an already difficult economic environment.

On Friday, the NCC reassured ongoing repair efforts to address the damages, noting that similar undersea cables providing traffic from Europe to the East Coast of Africa, such as Seacom, Europe India Gateway (EIG), and Asia-Africa-Europe 1 (AAE1), have also been cut at various points around the Red Sea, resulting in service degradation along these routes.

Abia State Secures $125m from Islamic Development Bank for Integrated Infrastructure Development Project

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In a significant move towards bolstering socio-economic growth and sustainability in Nigeria, the Nigerian government has secured $125 million from the Islamic Development Bank (IsDB) for the Abia State Integrated Infrastructure Development Project.

This allocation forms part of a broader $225 million funding approval aimed at propelling new development ventures, showcasing IsDB’s commitment to advancing critical infrastructure in emerging economies.

The approval came during the IsDB’s 354th meeting of the Board of Executive Directors, presided over by the esteemed H.E. Dr Muhammad Al Jasser, President and Group Chairman of IsDB. The meeting deliberated on pivotal projects aimed at fortifying socio-economic growth and sustainability in critical sectors, ultimately greenlighting funding for the Abia State project among others.

The $125 million allocation for Nigeria is strategically poised to address key challenges facing the region’s infrastructure. It aims to significantly reduce travel times and costs on major roadways, concurrently enhancing market accessibility and social services for the local populace.

Emphasizing inclusivity, the project promises to bolster mobility for all residents, prioritizing safe and accessible transport options, notably for vulnerable community segments.

The statement released by IsDB read, “Nigeria secured a US$125 million financing package to contribute to the Abia State Integrated Infrastructure Development Project. The project aims to reduce travel times and costs along key roads, while also improving access to markets and social services for local communities. Additionally, the project will enhance overall mobility by ensuring safe and accessible transportation for all residents, including vulnerable groups.”

In addition to the Abia State project, IsDB also approved a $100 million investment in Malaysia’s Pengerang Energy Complex Project (PEC) under its Public Private Partnership program. This investment underscores IsDB’s commitment to fostering economic expansion and job creation, particularly in crucial sectors such as energy and petrochemicals.

Abia State has a robust budget of N567,240,095,972 for the year 2024, with capital expenditure accounting for 84% of the total budget. However, the budget comes with a deficit of more than N401 billion, which the state government said will be covered by new borrowings estimated at over N385 billion. Of this amount, half will be sourced externally, with the remaining acquired domestically.

On June 30, 2023, the African Development Bank Group’s Board of Directors approved a loan of $115 million to Abia State for a comprehensive road rehabilitation project. This collaborative effort, valued at a total of $263.80 million, underscores the collective commitment to enhancing infrastructure and fostering sustainable development in the state.

Governor Alex Otti, since taking office, has spearheaded various infrastructural development projects aimed at enhancing the living standards of Abia State residents. These initiatives include the overhaul of road networks, the establishment of erosion control mechanisms, and increased funding for health and education.

The projects, valued at millions of dollars, underline a shift from previous administrations, underscoring Otti’s dedication to improving infrastructure and fostering socio-economic growth in Abia State.

The IsDB’s allocation of $125 million for the Abia State Integrated Infrastructure Development Project represents a pivotal step towards addressing critical infrastructure needs in Nigeria. This strategic investment not only enhances connectivity and accessibility but also fosters socio-economic development, ultimately improving the quality of life for communities in the region.

Managers Turn Leaders at Tekedia Mini-MBA; Register

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To move from any career level to Manager to Leader, join us here. Got great discounts for you.

ScapesMania Holders Hopping Aboard the BlockDAG Train To $2 Million Giveaway

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Say farewell to ScapesMania, the gaming-centric project, as ScapesMania holders focus on BlockDAG’s impressive $2M giveaway. While ScapesMania’s presale has concluded, with its listing on over 11 platforms, BlockDAG’s presale is garnering attention by raising millions and emerging as the largest presale event in recent years.

BlockDAG shines as an innovative project with a robust ecosystem and a strong community engagement strategy. Its hybrid model seamlessly integrates security and scalability, positioning it as a game-changer in the crypto industry. With 45 batches and diverse earning options, BlockDAG’s presale appeals to investors at all stages of their investment journey.

BlockDAG isn’t just another crypto platform; it symbolises a revolution that even attracts the vast gaming audience of ScapesMania holders. Following ScapesMania’s listing, investors are flocking to what is perceived as the next global sensation.

The Shift in Focus to BlockDAG

Investors are drawn to transparency and stability rather than hype in an industry of constant innovation. Even before ScapesMania’s listing, BlockDAG’s presale was under the spotlight, with batch 2 raising more than $4 million effortlessly. With batch 3 coins priced at just $0.002, investors eagerly anticipate its potential.

BlockDAG’s ability to raise over $5.2 million solely from the community and retail investors, without reliance on large organisations, underscores its appeal. However, the sudden surge of investors towards BlockDAG’s presale prompts speculation: is it becoming the new trend in the crypto world?

Unveiling Reality

Beyond the hype, BlockDAG stands out for its blend of cutting-edge technology and a clear long-term vision within a stable ecosystem. Surpassing industry standards, BlockDAG demonstrates its potential for success. Its innovative approach reshapes the crypto landscape, captivating seasoned and novice investors.

The allure of transparency and stability amidst flashy projects draws investors to BlockDAG’s presale. Each batch quickly sells out, creating scarcity and driving up the value of subsequent batches. The community’s trust in BlockDAG’s whitepaper and resources ensures its resilience post-presale.

BlockDAG implements Proof of Work (PoW) with a Directed Acyclic Graph (DAG) structure, offering the best of both worlds: the security of PoW and the flexibility of DAG to overcome traditional blockchain limitations. Thus, BlockDAG is poised for faster transactions and a more resilient ecosystem.

Final Thoughts

For ScapesMania holders investing in BlockDAG transcends acquiring coins during presales; it’s about contributing to a stable ecosystem and revolutionising the crypto world. With multiple revenue streams, BlockDAG presents boundless possibilities for investors seeking to stay ahead of the curve.

 

Buy BlockDAG Now

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu