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Cryptocurrency News Articles

Tron and Ethereum Dominate the Market as BlockDAG Emerges as a Hidden Gem for Traders

Nov 12, 2024 at 01:35 am

Tron's transaction volume reached a remarkable 238.6 million in October, continuing its growth streak for the eighth consecutive month. Concurrently, Ethereum has surged past $2,600, triggering a wave of purchasing as traders eye a potential increase to $2,650 amid election-driven optimism.

Tron and Ethereum Dominate the Market as BlockDAG Emerges as a Hidden Gem for Traders

Tron Network’s Ascendancy with 238.6M Transactions

Tron Network continues its upward trajectory for the eighth consecutive month, with the previous month witnessing a significant rise in transactions. According to data from the Tron blockchain, the network processed a total of 238.6 million transactions in October, marking an 8.15% increase compared to September.

The network attained its peak on October 24th, with 10.46 million transactions being processed in a single day. Throughout the month, daily volumes remained consistently above 6.5 million. This growth is largely attributed to the popularity of meme coins and the recent introduction of SunPump, a platform dedicated to meme coins, which has boosted Tron’s transaction revenue. By the end of October, Tron accounted for 43% of transactions among leading altcoin blockchains, solidifying its dominance in transaction processing.

Ethereum’s Surge to $2,600 Captivates the Market

Ethereum has demonstrated strong momentum as it surges past the $2,600 mark, attracting attention in the market. On November 6, 2024, Ethereum experienced a notable surge, driven by the prospect of a crypto-friendly administration in the U.S. elections.

However, RSI for ETH is currently at 77.61, indicating robust buying interest but also suggesting possible short-term profit-taking. This trend reflects a broader market confidence, as increased trading volumes underscore the enthusiasm among market participants. A breakthrough beyond the $2,650 resistance could set Ethereum up for further gains, positioning it as a key asset in this bullish market.

BlockDAG’s BULLRUN100 Bonus & Milestones Generate Demand

In the cryptocurrency market, Ethereum and Tron are grabbing headlines, but for traders eyeing massive returns, BlockDAG is emerging as a hidden gem. Its innovative ecosystem and rising popularity have placed BlockDAG as the crypto project to watch.

Recently, BlockDAG has been hitting milestones, with the X1 Miner app now boasting over 200,000 active users and the TG Tap Miner attracting 70,000 users. These achievements indicate strong demand for BlockDAG.

Now in its 25th batch, BDAG is priced attractively at $0.022 and has already yielded a remarkable 2100% ROI since its first batch. BlockDAG continues its momentum, raising over $117 million in its presale with more than 15 billion coins sold.

Adding to the excitement is the exclusive BULLRUN100 bonus, which celebrates Bitcoin’s climb toward record highs. This limited-time code offers buyers early access to its airdrop, a considerable advantage before BDAG debuts on exchanges.

For traders seeking substantial growth potential, BlockDAG’s mix of explosive ROI, swift adoption, and community-driven incentives makes it a prime candidate. In the current bullish market, BlockDAG is establishing itself not just as another project, but as a top choice for those looking to capitalize on a high-potential asset.

News source:dailytrust.com

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Other articles published on Nov 14, 2024