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Cryptocurrency News Articles

Render on the Rise & CRO Innovates; BlockDAG Attracts Investors with Influencer Accolades

Jul 13, 2024 at 01:00 am

Render (RNDR) is showing signs of a promising comeback, bouncing back after its recent dip in June. Despite experiencing a 40% drop in future open interest, Render still exhibits strong potential for recovery. Meanwhile, Cronos (CRO) has rolled out significant updates, including new testnet features and community-driven initiatives, to boost user interaction.

Render on the Rise & CRO Innovates; BlockDAG Attracts Investors with Influencer Accolades

Render (RNDR) price is showing signs of a promising comeback. Despite experiencing a 40% drop in future open interest, Render still exhibits strong potential for recovery. Meanwhile, Cronos (CRO) is rolling out significant updates to boost user interaction, and BlockDAG has caught the eye of investors thanks to the glowing endorsement from a renowned crypto influencer.

Render Shows Signs of Revival

Render (RNDR) has demonstrated resilience in a challenging market. Its future open interest took a hit of 40% in June, dropping to $102 million. This decrease indicates a substantial number of traders closing out their positions, suggesting a slowdown in trading activity and market interest. Additionally, there’s been an 11% decrease in daily active wallets on the Render network, further highlighting the declining enthusiasm.

Despite these hurdles, RNDR’s price is showing bullish signs. The altcoin has recently seen a 1.21% uptick in its price, now trading at $7.66. With rising trading volume and bullish signals, Render could potentially climb past its previous high of $10.80.

Cronos Embraces Upgrades: Incorporating zkSync’s Innovations

Cronos (CRO) is enhancing its platform with significant updates and new community activities. A notable development is the launch of the Tethys testnet, which integrates zkSync technology to facilitate secure and efficient cross-chain interactions with the Ethereum Mainnet. Users can engage in various testnet quests, loyalty programs, and make pre-mainnet deposits of CRO, enriching the overall community experience.

Projects within the Cronos ecosystem, like Veno Finance and Ebisu’s Bay, have launched new initiatives such as a Liquid TIA Staking giveaway and a token airdrop, respectively. Additionally, DeFi and NFT campaigns are actively promoting engagement, such as Minted Network’s Golden Tree of Fortune collection.

Influencer ‘Goalorious’ Celebrates BlockDAG’s Innovations

BlockDAG has captured the attention of the crypto world, bolstered by endorsements from high-profile influencers. Recently, Goalorious, a respected crypto analyst, gave a glowing review of BlockDAG’s second keynote. He spotlighted the project’s rapid advancements and potential for high returns due to its mining technology, drawing significant investor interest and confidence.

The second keynote introduced several enhancements, including the X1 app, blockchain updates, and a detailed roadmap. BlockDAG’s unique technology, which utilizes a directed acyclic graph (DAG) structure, boosts scalability and security by confirming multiple transactions simultaneously. This innovative approach promises high transaction throughput and swift confirmation times, distinguishing BlockDAG from traditional blockchain models. The keynote also featured major endorsements from leading publications like Forbes and Bloomberg, further elevating BlockDAG’s profile.

The ongoing presale of BlockDAG has been exceptionally successful, raising $57.6 million from over 12 billion BDAG coins and more than $3.6 million from the sale of over 8400 miners. This phenomenal performance reflects the project’s strong market appeal and potential for substantial returns, with early investors seeing a 1300% growth in their investments.

Influencer endorsements have been instrumental in BlockDAG’s presale success, generating buzz and credibility. These endorsements have attracted a wider audience and instilled confidence among potential investors, enhancing BlockDAG’s market presence.

News source:captainaltcoin.com

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