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Cryptocurrency News Articles
Solana, Tron, and BlockDAG Notably Impact the Crypto Sphere as 2024 Concludes
Nov 16, 2024 at 01:51 am
Solana is in the spotlight with a possible groundbreaking ETF nod, while Tron boasts a record $577 million in quarterly earnings and boosts its DeFi reach with new Chainlink ties.
As 2024 draws to a close, three crypto players are making headlines: Solana, Tron, and BlockDAG.
Solana is in the running for a possible groundbreaking ETF nod. Following the successful launches of Ether ETFs, analysts are suggesting that Solana might be next to enter this space, potentially elevating its market presence and broadening its user base.
With a market valuation of $82 billion and a strong presence in asset tokenization, Solana is known for its swift transactions and low costs. The decision on the ETF is expected by March 2025, pending the resolution of regulatory matters, including SEC endorsements and legal definitions. If approved, this could be a transformative moment for Solana, increasing both its liquidity and trust.
Meanwhile, Tron has reported a staggering $577 million in third-quarter earnings for 2024, outpacing even stalwarts like Bitcoin and Ethereum. Of this amount, 74% was derived from staking activities, while the remaining was generated through token actions.
In another significant development, Tron has partnered with Chainlink for enhanced oracle reliability in its DeFi projects. This collaboration is part of the Chainlink Scale program, where Tron’s DAO is covering early costs to sustain oracle network fees. These initiatives strengthen Tron’s influence in the DeFi space, making it a blockchain of choice for those seeking robust and functional uses.
While Solana eyes an ETF breakthrough and Tron celebrates historic revenue highs, BlockDAG is drawing attention with its impressive presale results and advanced DAG technology.
With over $122 million collected and 15.3 billion coins distributed, BlockDAG’s presale demonstrates strong community engagement and confidence. At present, each BDAG coin costs $0.0234 in the 26th batch, offering early participants gains of up to 2240% from the initial batch.
BlockDAG also provides a striking 100% bonus code, effectively doubling buyers’ coin quantities. By using the code BULLRUN100 at checkout, they can ensure early access to airdrops. This limited offer has attracted considerable interest, appealing to both newcomers and experienced traders alike.
Furthermore, BlockDAG’s mainnet development was completed on November 14th and the project has officially entered the audit phase. Showcasing its cutting-edge DAG-PoW hybrid technology, the project promises quick and scalable transactions. With a newly updated website and ongoing community engagement, BlockDAG is establishing itself as a key project to watch in the crypto space.
As the project eyes a grand $600 million goal in its presale and forms high-profile partnerships, experts predict BDAG coins could soon reach over $30. This potential makes it a significant prospect during the bull run.
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