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In the vibrant cryptocurrency market, Monero and ThorChain show great growth potential. However, BlockDAG stands out as a leading investment choice for 2024. With innovative dashboard enhancements and a presale that has already raised over $34.5 million, BlockDAG has established itself as an industry leader. Coupled with its powerful mining capabilities, the upcoming release of the X1 mining app puts BlockDAG in a favorable position compared to Monero's price trends and ThorChain's trading volumes.
Monero (XMR) Price: Stability amidst growth
Monero continues to perform strongly, maintaining a stable price above $100 and is currently trading at $133.56. Despite today's small drop of 1.89%, Monero showed a 16.20% monthly increase and a 13.20% annual increase. Monero has a market cap of $2.47 billion and a trading pair XMR/BTC of 0.00217 BTC. Analysts are optimistic and predict that Monero price may soon rise above the $150 threshold.
The recent shutdown of LocalMonero has led to a significant increase in Monero trading activity, with the number of transactions increasing from 22,000 to 37,000 in the last month and trading volume increasing 23.89% to $40.7 million. Monero’s current support levels are $128 and $120, while the resistance levels are $140 and $150.
THORChain trading volume reflects market enthusiasm
THORChain, known for its decentralized liquidity protocol, saw a staggering 51.8% growth in trading volume to reach $502.65 million, which accounts for 22.12% of the company's total market cap of $2.211 billion. THORChain solidifies its position as the 51st ranked cryptocurrency with a total value locked (TVL) of $356.17 million.
THORChain's position in the market has strengthened with the price rising above both the 50-day and 200-day EMAs, indicating a strong uptrend. The derivatives market is indicating bullish sentiment with significant short liquidation, suggesting that the trend will continue. Resistance is set at $7.810 and $10.620, while support levels are at $3.710 and $5.50.
BlockDAG Presale Results and Future Outlook
BlockDAG has been gaining attention with its successful presale that raised over $34.5 million. With its 15th batch currently selling at $0.009 per coin, BlockDAG has sold over 9.8 billion coins, garnering significant attention from the investment community. The soon-to-be released X1 mobile miner app is expected to revolutionize cryptocurrency mining by enabling efficient mining on smartphones, making it accessible to those with limited technical expertise.
BlockDAG's platform recently underwent a major update, introducing features such as a “hot news” section, detailed wallet functionality, leaderboard previews, and a testimonial screen, all designed to increase user engagement and provide transparent access to investment information. Analysts are bullish on BlockDAG's future, predicting a 30,000x return on investment and the coin's value could reach $30 by 2030.
Why BlockDAG is better
While Monero and ThorChain offer solid growth opportunities, BlockDAG stands out as the most promising crypto investment for 2024. A successful presale, innovative technological advancements, and the imminent release of the X1 mining app highlight BlockDAG's significant growth potential. BlockDAG's strategic updates and strong community engagement make it a top choice for investors looking for stability and high returns in the upcoming crypto bull market.
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
