Monero (XMR) Price, ThorChain Trading Volume, Best Upcoming Crypto 2024: BlockDAG
Amid a burgeoning cryptocurrency market, Monero and THORChain are demonstrating promising growth potential, yet BlockDAG is increasingly favored as the premier investment choice for 2024. With its innovative dashboard enhancements and transparency, alongside a presale already amassing over $32.9 million, BlockDAG is capturing significant investor interest. The anticipation around its powerful mining rigs and the forthcoming launch of the X1 mining app positions BlockDAG as a standout project beside Monero's price trends and THORChain's trading volumes.
Monero (XMR) Price: Stability and Growth
Monero has consistently held above the $100 support level, now trading at $133.56 despite a slight drop of 1.89% today. With a monthly growth of 16.20% and an annual increase of 13.20%, Monero’s market capitalization stands at $2.47 billion, with the XMR/BTC pair trading at 0.00217 BTC. Analysts predict that bullish momentum could soon push Monero's price beyond the $150 mark.
Following the shutdown announcement of LocalMonero, transaction counts have soared from 22k to 37k last month, and the trading volume has surged by 23.89% to $40.70 million. Monero's support levels are currently positioned at $128 and $120, with critical resistance set at $140 and $150.
THORChain Trading Volume and Market Growth
THORChain is renowned for its decentralized liquidity solutions, facilitating efficient cross-chain swaps. Its trading volume recently increased by 51.8%, achieving a market value traded of $502.65 million—22.12% of its total market cap, which has grown by 18% to $2.211 billion. THORChain now ranks as the 51st largest cryptocurrency by market cap with a total value locked (TVL) of $356.17 million.
The price of THORChain has climbed above both the 50-day and 200-day EMAs, signaling a robust upward trend. The derivatives market reveals a significant predominance of short liquidations over longs, indicating strong bullish sentiment. With resistance levels at $7.810 and $10.620 and support at $3.710 and $5.50, the MACD and RSI indicators further support a bullish outlook.
BlockDAG (BDAG) Presale Shines With $32.9M
BlockDAG is quickly emerging as a leading cryptocurrency contender, with its presale garnering over $32.9 million. Currently, in its 15th batch priced at $0.009 per coin, BlockDAG has sold more than 9.8 billion coins. Highlighted by a high-profile appearance in London’s Piccadilly Circus, BlockDAG's market potential is increasingly evident.
The upcoming launch of the X1 mobile miner app is set to revolutionize crypto mining by enabling efficient mining on smartphones, making it accessible to those with minimal technical knowledge. This app is designed to allow users to earn up to 20 BDAG coins daily, optimizing smartphone resources while maintaining performance.
BlockDAG has also introduced a comprehensive dashboard update on its platform, incorporating a 'hot news' section, wallet functionalities, a leaderboard preview, and a referral screen. These updates aim to enhance the user experience and provide transparent access to the latest investment tracking and information.
Analysts are optimistic about BlockDAG's future, predicting a potential 30,000x return on investment with the coin’s value expected to hit $30 by 2030. This projection, alongside its innovative technology and strategic marketing efforts, positions BlockDAG as a highly attractive investment opportunity, especially when compared to the stability of Monero (XMR) prices and the growth in THORChain trading volume.
Key Insights
As the cryptocurrency market continues to evolve, BlockDAG stands out as the top upcoming crypto for 2024, surpassing both Monero (XMR) and THORChain in potential and innovation. With a robust presale success, the impending launch of the X1 mining app, and innovative platform updates, BlockDAG demonstrates strong investor confidence and substantial growth potential, making it the preferred choice for those seeking a promising crypto investment in the forthcoming bull run.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
[Sponsored]
Source: Legit.ng
