BlockDAG Emerges as the New Market Leader, While Moo Deng and Monero See Mixed Fortunes

Monero (XMR) is seeing its price fall, with signs pointing to further decreases, while the Solana meme coin, Moo Deng, experiences a notable price rise

As the cryptocurrency market continues to evolve, several interesting stories are unfolding. Here are the key highlights for September 22, 2024:

BlockDAG emerges as the top-performing crypto today with its potential for massive returns. The advanced Layer 1 network has just launched its testnet, earning fantastic reviews and setting it up as a strong challenger to Solana. The impressive capabilities of the testnet have attracted a huge amount of interest in BlockDAG’s presale, bringing in over $10 million in just three days. With more than $94 million already raised, BlockDAG’s presale is breaking records and has quickly become today’s top-performing crypto as more buyers jump on board.

Moo Deng: The Rising Solana Meme CoinLaunched on the Pump.fun platform on September 10, 2024, Moo Deng has quickly caught the attention of Solana traders. The token’s market cap has jumped from $71 million to $120 million in just a day, and its price has increased by 42.7% to $0.1198. One standout trade has seen 9.8 Solana tokens being converted into 38.7 million Moo Deng tokens, earning a staggering 2554 times profit.

But Moo Deng isn’t just about the numbers; its mascot, a pygmy hippo from Khao Kheow Open Zoo, has gained so much popularity that the zoo is planning to start a 24-hour livestream due to popular demand. Moo Deng remains the leading meme coin on the Gecko Terminal, staying ahead of others like BILLY, SCF, and DADDY.

Monero Deals with XMR Price Decline, Liquidity CrisisMonero (XMR) has recently faced a significant price drop, with its market value decreasing from $3.28 billion to $3.11 billion after encountering a tough two-year resistance. This downturn comes after a strong bullish phase earlier in 2024, which saw a sharp increase in Monero’s market cap. Even though the long-term outlook in the derivatives market is positive, short-term momentum has shifted to bearish.

To make matters worse, the volume of Monero being sold has increased by 50%, reaching $54.06 million, showing a lower demand for XMR. A new feature in Cake Wallet for conducting XMR transactions without an internet connection hasn’t helped raise its price either. Monero’s price has now fallen below its 20-day average moving price, with worries that it might drop further to critical support levels at $160 and $150.

While Moon Deng and Monero have carved out their niches in the market, BlockDAG is grabbing the spotlight with its recent testnet launch. BlockDAG’s blockchain, known for its high efficiency and robust security, is being recognized as a formidable rival to Kaspa and Solana. The testnet, which went live on September 20, 2024, has received excellent reviews, boosting confidence in the project.

BlockDAG’s testnet offers users a direct look at its blockchain, featuring tools like the Blockchain Explorer and MetaMask Wallet Connect, and a faucet that allows testers to create and move BDAG coins. These features, along with the ability to set up smart contracts, have made BlockDAG a cutting-edge network that’s drawing both developers and large-scale backers.

What really makes BlockDAG stand out is its potential for vast scalability and speed, with early estimates suggesting it could outpace even the industry’s giants. The project’s presale has already collected over $94 million, delivering profits as high as 1960% to early supporters. Whales have quickly taken notice, contributing over $10 million in just 72 hours, earning BlockDAG the title of the most successful presale in more than a decade.

As more crypto enthusiasts join, their growing interest and purchase are increasing liquidity and boosting the attractiveness of BDAG coins. In batch 24, BDAG coins hit a price of $0.0206, representing a remarkable 1960% gain for those who got in early during batch 1 at just $0.001.

As the presale continues, BlockDAG’s prospects shine brightly, with predictions that its price might reach $30 after launch. The presale is poised to potentially reach the $600 million mark within the next two or three months, making it one of the most buzzed-about projects recently. BlockDAG’s commitment to uncompromising security and fast transaction speeds has positioned it as a serious player in the market.