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Cryptocurrency News Articles

Litecoin, Fantom (FTM), and BlockDAG (BDAG) Lead Trends in the Crypto Market

Dec 21, 2024 at 08:10 am

The latest Litecoin price trend illustrates its consistent progress, with an increase of 2% to $119.13, though it meets resistance near $122.

Litecoin, Fantom (FTM), and BlockDAG (BDAG) Lead Trends in the Crypto Market

Litecoin (LTC) price showed a modest rise of 2% on Friday, reaching $119.13, as it encountered resistance near the $122 level. The cryptocurrency had some support at $115, but it also faced challenges in maintaining its momentum after recurring drops to this level.

Meanwhile,LTC price encountered resistance at $122, which hindered its further advance. Several attempts to breach this level throughout the past few days resulted in limited buying activity, restricting Litecoin from making any significant gains.

On the other hand, if buyers manage to push LTC price above $122, we might see a lasting positive trend in Litecoin’s price movement. However, with minimal interest in purchasing Litecoin at higher prices, its long-term attractiveness remains questionable, especially given how other top-trending crypto coins outperformed LTC in recent times.

renowned for its quick transaction speeds and enhanced scalability, experienced a significant uptick of 14.57% to reach $1.40 on Friday. The project's Sonic mainnet launch anticipation played a crucial role in this price increase.

Despite previous rallies seeing some retracements, there were lingering questions about the sustainability of this growth. While analysts remained hopeful about a possible rise to $2 in the upcoming Fantom (FTM) price prediction, its long-term stability remained to be seen.

The excitement around the mainnet launch might be short-lived unless we see a consistent buying interest and sustained upward price movement in FTM. Additionally, a heavy reliance on speculative interest introduces a higher likelihood of volatility, making Fantom less predictable than projects with more robust technical underpinnings.

BlockDAG (BDAG) price soared rapidly in recent weeks, attracting attention in the crypto market. Early adopters in this burgeoning crypto titan experienced a monumental 2240% ROI, as BDAG's price climbed from $0.001 in its first presale batch to $0.0234 in the latest, batch 26.

This remarkable growth sparked excitement among traders and investors, especially considering that BlockDAG began its presale at a rock-bottom price of $0.0008 in March 2023. As the presale progressed through 26 batches over the past few months, the price increased substantially with each batch, reaching $0.0234 in batch 26.

With over 17.4 billion BDAG coins claimed by holders and daily increasing demand as whales continue to contribute millions to the presale, BlockDAG aims to reach its $600 million target out of a total planned maximum supply of 250 billion BDAG coins.

According to market analysts, BlockDAG's future-ready ecosystem is a key factor behind its impressive presale success, which continues to draw developers and traders. Its compatibility with Ethereum Virtual Machine (EVM) enables smooth transitions of Ethereum-based projects, taking advantage of faster transactions and unparalleled scalability.

Furthermore, BlockDAG's compatibility with WebAssembly (WASM) also enables developers to create high-performance decentralized applications using familiar programming languages. Those considering this rapidly expanding project can find the current price point of $0.0234 per coin to be a valuable entry opportunity.

As we move towards batch 27, we can expect a substantial price hike, but acting now will secure you BDAG at a lower price before it escalates rapidly, leaving early movers with a 4200% return before the batch sells out.

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Other articles published on Dec 21, 2024