Press Releases

Key Cryptos to Monitor in 2024: BlockDAG Gathers $52.2M While XRP Price Declines & OP Aims for $1

With its ground-breaking technology and remarkable pre-sale performance, BlockDAG has made waves in the fast-paced world of cryptocurrencies, registering an 1120% increase in value. 

While XRP continues to face downward trends and Optimism (OP) seeks to reclaim its position, BlockDAG is increasingly recognised as the prime investment choice. This comes during a challenging period for XRP and OP, showcasing BlockDAG’s robust potential and establishing its status as a formidable player in the cryptocurrency sphere.

Downward Trend in XRP Price: The Bear Market Strengthens

XRP’s valuation has plummeted, falling below the pivotal $0.50 support mark and the 50-day simple moving average—a sign pointing to possible further drops. A key triangle pattern on the daily chart was recently breached at $0.510, hinting at a medium-term downward trend. 

Currently, XRP is struggling and might descend to the $0.4150 support level. In the near term, it could attempt a rebound to reapproach the $0.500 and $0.510 resistance points. If it fails to overcome the $0.510 mark, the price could decline, with immediate support at $0.4740 and major support at $0.4520. A dip below $0.4150 might push the price to $0.400 or even lower to $0.3450.

Optimism (OP) Achieves Notable Gains

Optimism is recovering, having bounced back from its $0.6 support level. Following an extended period of decline, OP now aims for a breakout towards the $1 threshold. Recent trading patterns show OP escaping its daily downtrend, although it remains under the 50 Exponential Moving Average (EMA), which currently acts as a resistance near $0.9. 

Despite early challenges in October, OP managed a recovery from $0.6 to $0.7. OP must breach and sustain above the $0.9 resistance for sustained upward movement, aligning with the 50 EMA. Failing to exceed this threshold could result in OP revisiting its $0.65 support. To regain bullish traction, OP must keep up its current momentum and strive for the $1 mark. Strong weekly support is $0.6, with significant resistance at $1.

BlockDAG Earns Premier Position on CoinSniper

BlockDAG, a trailblazing Block & DAG cryptocurrency network designed to overcome traditional blockchain limits, has recorded the most significant price surge in crypto pre-sale history. The price of BDAG coins has soared by an incredible 1120%, rising from $0.001 in Batch 1 to $0.0122 in Batch 18. 

This outstanding achievement is credited to BlockDAG’s technological innovations, as highlighted in its extensive whitepaper, the viral impact of the Moon Keynote, and its top ranking on CoinSniper, a leading crypto-database platform. The Moon Keynote was particularly influential, which provided an intriguing glimpse into BlockDAG’s forward-thinking ecosystem, pre-sale achievements, worldwide marketing efforts, and pivotal blockchain updates. 

Securing the number one spot on CoinSniper, previously a launching pad for famous cryptos like Shiba Inu and Dogecoin, marks a significant milestone for BlockDAG, predicting its imminent market leadership. The buzz generated by the Moon Keynote and the CoinSniper ranking spurred substantial Whale investments, raising $3 million overnight. With Batch 18 selling quickly, the upcoming batch is poised to boost the coin’s price further.

BlockDAG: A Wise Investment Decision

In a landscape where XRP is battling below crucial support levels and Optimism (OP) is working hard to keep its upward momentum, BlockDAG shines as a model of innovation and growth. Its remarkable pre-sale achievements, strategic marketing, and technological advances underline BlockDAG’s potential to reshape the crypto world. 

Significant whale investments and rapid sales of new batches highlight that BlockDAG is not merely surviving but thriving robustly. The project’s dedication to transparency and continuous enhancement makes it an attractive investment for those looking for significant returns.

Join BlockDAG Presale Now:





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.

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