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Cryptocurrency News Articles
This Week's Cryptocurrency Market: Tron Protocol Revenue Jumps by 1,000%, BlockDAG Nears $100M Presale Mark
Oct 14, 2024 at 08:56 pm
This week, several cryptocurrency projects are seeing positive developments. Tron Protocol has seen an explosive 1,000% increase in protocol revenue
Several cryptocurrency projects are making waves this week with positive developments. Tron Protocol has seen an explosive 1000% increase in protocol revenue since September 2022, highlighting its focus on scalability and low-cost transactions. At the same time, Binance Coin (BNB) has experienced a noticeable 16% increase as coins linked to centralized exchanges continue to perform well.
However, the spotlight is on BlockDAG as it draws closer to the $100 million mark in its presale, progressing steadily towards a $600 million target. With robust technology and significant support from the cryptocurrency community, BlockDAG is establishing itself as a leading platform in the alternative coin sector.
Tron Protocol’s Revenue Jumps by 1,000%
Since September 2022, the Tron Protocol has seen a remarkable 1000% jump in protocol revenue, rising from $24 million to $220 million. This growth is primarily due to its emphasis on scalability and cost-effective transactions.
Currently, Tron’s Total Value Locked (TVL) is at $7.288 billion, showcasing its growing influence in decentralized finance (DeFi). Its strategic alliances and expansion into stablecoins have further bolstered this progress. Tron’s native currency has appreciated by 77% over the last year, reflecting increased confidence in the network’s future prospects.
BNB Price Forecast: Anticipating a Climb to $1,076?
In the past week, Binance Coin (BNB) has witnessed a 16% rise, driven by two main factors. Firstly, coins associated with centralized exchanges, like BNB, have shown a 6.1% increase over the last seven days. Secondly, the Binance ecosystem has seen a $3 million net inflow, with capital moving from Ethereum to the Binance Smart Chain (BSC).
If BNB can surpass its current resistance level, its price could potentially soar to $1,076, marking a 68% increase. However, should the breakout falter, BNB might find support around the $500 mark or lower. Market observers are keeping a close eye on the potential for a bullish trend.
BlockDAG’s $600M Presale Chase: A Record-Breaking Goal in Sight!
BlockDAG is nearing a significant milestone. Its presale is set to reach $100 million, having successfully raised approximately $95 million across 24 batches and sold 14 billion coins. The current price of each coin is $0.0206, and early participants from the initial batch have witnessed an astounding 1960% return by batch 24.
As the 24th batch approaches a sell-out, the presale’s momentum continues to grow, fuelling speculation that BlockDAG might easily achieve its $600 million goal. Much of the presale’s success is credited to a surge in large-scale buys following the recent rollout of the testnet, with substantial capital influxes propelling the rapid advancement of the presale.
BlockDAG’s allure is derived from its cutting-edge technology, especially its scalability and user-friendliness, which have attracted blockchain developers and traders alike.
With a solid technological base and increasing community interest, BlockDAG is becoming known as one of the most promising crypto platforms. It offers significant potential for substantial returns in the long run. As enthusiasm for BlockDAG and its presale builds, its community is increasingly optimistic.
Could BlockDAG Be the Leading Crypto Platform?
As Tron continues to grow steadily and BNB seeks a major price breakthrough, BlockDAG is capturing the most interest with its swift presale success. With nearly $95 million raised and the coin price at $0.0206, early backers have realized a 1960% gain. The likelihood of BlockDAG achieving a $600 million target increases as significant technical enhancements and strong market interest propel the project forward.
With its innovative features and scalable technology, BlockDAG is rapidly becoming one of the foremost crypto platforms to monitor, offering substantial opportunities for long-term gains. The anticipation surrounding its next milestone is mounting, and the crypto community is eager to witness what unfolds next.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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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