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Monero and THORChain are seen as solid options for market recovery, and their upside is optimistically predicted. However, investors are increasingly favoring BlockDAG as the most promising cryptocurrency in 2024. BlockDAG has introduced a new dashboard update to enhance the community experience and transparency. The project's presale raised over $31.2 million, showing great investor confidence. BlockDAG's powerful mining rigs and soon-to-be released X1 mining app are generating high expectations. This positions BlockDAG as a promising investment destination alongside Monero (XMR) price and ThorChain trading volume.
Monero (XMR) Price: Stability and Growth
Monero (XMR) is holding on to the upside from the $100 support level and trading at $133.56 with an intraday drop of 1.89%. The cryptocurrency has a monthly return of 16.20% and an annual return of 13.20%. It has a market cap of $2.47 billion and an XMR/BTC pair of 0.00217 BTC. Analysts suggest that bullish momentum could push the price above $150 soon.
Following the announcement of LocalMonero's closure, the price of Monero (XMR) increased by 17%. The number of transactions increased from 22,000 to 37,000 in the last month, while intraday trading volume increased by 23.89% to $40.7 million. Support levels are $128 and $120, with the main hurdles being $140 and $150.
THORChain Trading Volume and Market Growth
THORChain (RUNE) is known for its decentralized liquidity network that enables cross-chain swaps. Recently, ThorChain's trading volume surged 51.8%, reaching $502.65 million in trading value, which represents 22.12% of its market cap. Its market cap grew 18% to $2.211 billion, making it the 51st largest cryptocurrency in the world. THORChain's total value locked (TVL) is $356.17 million, giving it a market cap/TVL ratio of 6.27.
THORChain price is above the 50-day and 200-day EMAs, indicating a strong uptrend. The derivatives market is showing a significant increase in short liquidations at $341.8K compared to long liquidations at $30.09K, indicating bullish sentiment. The MACD and RSI indicators also support this bullish outlook, with resistance levels at $7.810 and $10.620 and support levels at $3.710 and $5.50.
BlockDAG (BDAG) Presale Shines with $31 Million
BlockDAG has emerged as a strong contender in the cryptocurrency market, garnering significant investor interest. Having raised over $31.2 million in its presale, BlockDAG has sold over 9.4 billion coins in its 14th batch, at a price of $0.0085. This success was highlighted by BlockDAG's appearance at London's Piccadilly Circus, highlighting its potential.
A major highlight for BlockDAG is the launch of the X1 mobile miner app on June 1st. The app is expected to revolutionize cryptocurrency mining by enabling efficient mining of BDAG coins on common smartphones. The app is designed to be user-friendly, allowing even individuals with limited technical knowledge to participate in mining and potentially earn up to 20 coins per day. This innovation democratizes access to cryptocurrency earnings and optimizes resource usage.
BlockDAG also announced a new dashboard update on its website, introducing features to enhance the community experience and transparency. The dashboard now includes a hot news section, wallet functionality, leaderboard preview, and a testimonials screen. This comprehensive update allows users to access the latest information and effectively track their investments.
Analysts predict a potential ROI of 30,000x for BlockDAG investors, with the coin's value expected to reach $30 by 2030. This makes BlockDAG a highly attractive investment opportunity, backed by robust technology, strategic marketing, and plans for a rapid mainnet launch.
Key Insights
While Monero (XMR) and THORChain (RUNE) have significant market potential, BlockDAG (BDAG) stands out as the most promising cryptocurrency in 2024. Having raised over $31.2 million in its presale and released its X1 mining app, BlockDAG demonstrates strong investor confidence. New dashboard updates enhance transparency and community engagement. BlockDAG's innovative approach and robust presale success, compared to Monero's (XMR) price stability and growing ThorChain trading volume, make it a top pick for investors looking for the most promising cryptocurrency in 2024.
Join the BlockDAG presale now:
Website: https://blockdag.network
Pre-sale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
