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Cryptocurrency News Articles
BlockDAG (BDAG) Steals the Spotlight as Stellar (XLM) and XRP Eye New Peaks
Dec 24, 2024 at 01:00 am
The crypto scene is unfolding exciting opportunities, with Stellar (XLM) potentially climbing to $2 and XRP advancing toward a possible peak at $4.75 following Ripple's release of the RLUSD stablecoin.
Stellar (XLM) price is grabbing attention as it eyes a possible surge to $2. Currently trading at $0.40, XLM has seen a 172% increase in the last month and a 342% rise over three months. Analyst EGRAG CRYPTO highlights this surge, comparing it to Stellar’s 2020 rally of 3,100% after crossing the Exponential Moving Average (EMA). The latest prediction anticipates a 360% increase, placing XLM at $2.27.
Resistance levels are present near $0.90 and $1, which could lead to a broader rally. However, pullbacks are expected before reaching the $2 mark. To confirm further gains in line with the XLM price prediction, analysts suggest keeping an eye on consistent momentum above the crucial support level of $0.6355.
Following Ripple’s launch of its USD-backed stablecoin RLUSD, XRP price is displaying bullish trends. Currently trading at $2.41, XRP has encountered critical resistance at $2.58 and $2.92. Overcoming these barriers might propel XRP to a new all-time high of $4.75.
Crypto influencer AllinCrypto points out the significant capital flow into XRP, stating, “Even without an ETF in the US, XRP is attracting substantial capital, possibly from more institutionally focused participants!” Moreover, the XRP price has confirmed a bullish flag pattern, supporting forecasts of ongoing upward momentum.
BlockDAG is set to transform cryptocurrency presentations with its upcoming Keynote 3, which is expected to include contributions from some of Hollywood’s top producers. This leading layer-1 blockchain platform is making waves with advancements such as WebAssembly (WASM) and Ethereum Virtual Machine (EVM) compatibility. The presale of BDAG has successfully garnered over $171.5 million, with 17.4 billion coins sold. The price of BDAG coin in batch 26 stands at $0.0234, showing a substantial 2240% increase from the first batch, providing early participants with significant returns.
The forthcoming Keynote 3 is anticipated to coincide with the launch of the network’s mainnet and is predicted to be unlike any event previously seen in the crypto community. Additionally, BlockDAG’s multimillion-dollar sponsorship deal with the Italian soccer powerhouse, Inter Milan, underscores the growing global appeal of this cryptocurrency.
With $171.5 million already secured, BlockDAG’s target of $600 million in presale seems more achievable than ever. The buzz around the Hollywood-style unveiling of Keynote 3 is attracting new participants eager to join BlockDAG before it achieves mainstream status alongside giants like Bitcoin and Solana.
BlockDAG continues to draw attention in the trading world with its expanding ecosystem and strategic vision, presenting a lucrative opportunity for traders to acquire one of today’s most sought-after cryptocurrencies.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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