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Cryptocurrency News Articles
Amid CRO and XMR's Struggles, BlockDAG Forges Ahead with Predictions of a Bullish Outlook
Sep 21, 2024 at 12:08 am
CRO has recently seen a 9% price increase, yet it continues to face challenges with low liquidity and reduced total value locked (TVL). Monero (XMR) is also dealing with issues related to privacy concerns, but maintains a steady price around $167, offering hope to participants looking for a price breakout.
Cronos (CRO) price analysis reveals a 9% increase this week, sparking interest in the crypto market. However, despite being priced at $0.07949 with a market cap of $2.11 billion, CRO faces challenges with liquidity.
Despite a 15% increase in spot inflows, CRO faces downward pressure influenced by the 20-day, 50-day, and 200-day EMA bands. However, a slight increase in its holder base from 313,826 to 314,967 provides a glimmer of hope. Should CRO clear the $0.10 level and the 200-day EMA, it could potentially see a bullish turn around. Currently, the 24-hour volume-to-market cap ratio of 0.28% remains a concern, but an uptick in liquidity might drive CRO’s momentum forward.
Monero (XMR) price analysis reveals a minor decrease, with the price trading at $167, showcasing a 1.2% decrease in 24 hours and paralleling Bitcoin’s downturn. A recent controversy stirred by a Chainalysis video raised questions about Monero’s privacy features, although the community quickly countered these claims.
Remaining at the forefront of the privacy-focused cryptocurrency sector, ahead of Zcash and Dash, with a market cap of $3.08 billion, Monero’s 4.3% weekly drop reflects the broader market downturn. Still, its renowned privacy attributes and decentralized nature keep it under the spotlight. Analysts suggest a bullish breakout might be on the horizon for Monero, indicated by an ascending triangle pattern aiming towards the $200 level.
As the market trends for Cronos and Monero display their ongoing struggles, BlockDAG stands out with its strategy of securing soccer partnerships with Borussia Dortmund (BVB) and Inter Milan.
These alliances have given BlockDAG a significant edge, providing it with extensive global visibility and direct access to the vast fanbases of these renowned soccer clubs. The $10 million, 3-year contracts with each club have distinguished BlockDAG as the first blockchain partner for these major sports entities.
BlockDAG’s soccer partnerships are part of a larger strategy to secure top-tier exchange listings, which will likely boost liquidity and trading volume for the cryptocurrency. As the market anticipates these listings, BlockDAG’s presale is expected to continue gathering steam, with analysts predicting an ROI of up to 30,000x, making it a cryptocurrency to keep an eye on for 2025.
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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