Top Crypto To Buy In 2024: As ICP Price Risks Drop & RNDR Crypto Slows, BlockDAG’s Team Sparks $65M Presale Surge
As the market adjusts to shifting tides, investors are re-evaluating their portfolios, particularly with the Internet Computer (ICP) price risking a drop below critical support levels. Render (RNDR) is also struggling as its momentum fails due to declining interest in AI-driven cryptocurrencies.
On the other hand, BlockDAG (BDAG) is capturing attention with its remarkable advisory board, whose industry expertise has elevated its profile. The guidance from the advisory board has not only driven a surge in BlockDAG’s presale but also positioned it as a leader in mining and dApp development. With analyst insights backing its growth, BlockDAG is rated as a top crypto to buy in 2024, offering long-term potential that surpasses the volatility of ICP and RNDR.
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Internet Computer (ICP) Price Dips 5%: What’s Next?
Internet Computer (ICP) is currently trading at $9.03. It has seen a 5% drop over the last week, indicating a risk of falling below a critical support level of $8.45. This potential decline comes despite a mix of bearish technical indicators and relatively positive sentiment from the community.
One of the key metrics to watch is the Money Flow Index (MFI), which recently indicated that ICP was overbought, a signal that usually precedes a price drop. On July 21, and again after a brief rally on July 26, ICP hit this overbought condition, leading to the recent price retracement. With the Cumulative Volume Delta (CVD) pointing to more selling pressure, the odds of ICP holding its current level seem slim, making it a risky investment for those looking for stability.
RNDR Crypto Value Falters: Key Factors Behind the Decline
Render (RNDR) is also facing challenges. The RNDR token has dropped by 14% in the past month, with the current price struggling to stay above its $6 support level. The decline is largely recognized as reduced investor confidence and a significant drop in daily active addresses, as reported by IntoTheBlock.
This bearish sentiment around RNDR is compounded by a broader loss of momentum in the AI crypto market, with investors moving capital to newer, cheaper altcoins. The selling pressure on RNDR has intensified, with whales offloading their holdings, further pushing the price downward. If the current trend continues, RNDR could see a further decline to $5.6, leaving it vulnerable to more sell-offs.
The Brilliant Minds Behind BlockDAG’s 1600% Surge
BlockDAG’s meteoric rise in the crypto space is largely attributed to the strategic guidance and expertise of its advisory board. The team, comprised of industry luminaries such as Steven Clarke-Martin and Maurice Herlihy, has significantly elevated BlockDAG’s profile, making it a compelling investment opportunity.
Steven Clarke-Martin brings unparalleled experience from his tenure in enterprise technology and startups, with a deep focus on blockchain and decentralized technologies. His background in DevSecOps, Infrastructure/Cloud Automation, and Digital Transformation has been instrumental in optimizing operations and enhancing security, making BlockDAG a robust and secure platform for decentralized applications (dApps) and mining.
Maurice Herlihy, a decorated academic and pioneer in distributed computing, further bolsters the team with his extensive knowledge, ensuring that BlockDAG’s infrastructure is robust and future-proof. His accolades, including the Dijkstra Prize and the Gödel Prize, reflect his profound contributions to distributed computing and theoretical computer science. As an advisor to Algorand and a professor at Brown University, Maurice’s guidance has fortified BlockDAG’s innovative edge in the crypto industry.
This formidable advisory board has been instrumental in driving BlockDAG’s success. With $65 million raised from the sale of over 12.5 billion BDAG coins and an additional $4.2 million from miner sales, BlockDAG is rapidly gaining traction. With BDAG’s price surging by 1600% from $0.001 to $0.017 in batch 21, Investors have seen impressive returns and are upping their stake in this wonderful presale.
Final Say
In a volatile crypto market, BlockDAG stands out with its expert advisory board and innovative approach to blockchain technology. While ICP struggles to maintain its key support levels, and RNDR loses momentum as AI crypto interest fades, BlockDAG’s presale success, gathering over $65 million, is a testament to its strong foundations and the trust it has garnered among investors.
For those looking for the top crypto to buy in 2024, BlockDAG offers a compelling opportunity backed by industry veterans and a clear vision for the future.
Invest in the BlockDAG Presale Now:
- Presale: https://purchase.blockdag.network
- Website: https://blockdag.network
- Telegram: https://t.me/blockDAGnetwork
- Discord: https://discord.gg/Q7BxghMVyu
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.