Bitcoin’s price movement shows potential for significant upward momentum. Market sentiment remains bullish, driven by institutional interest. Bitcoin (BTC) has experienced a remarkable rally over the past week, surging 9% and reaching a three-month high of $69,000. Currently trading at $68,330.37, the cryptocurrency is seeing a modest increase of 0.36%, despite a 13% decline in trading volume. This fluctuation has sparked fresh speculation among market participants regarding Bitcoin’s next potential moves. Recent data reveal that 58.23% of Bitcoin positions on Binance are short, indicating a strong sentiment among traders expecting a price drop. However, such short positioning could trigger sudden price jumps if Bitcoin moves against the prevailing sentiment, forcing short sellers to cover their positions. This phenomenon adds an intriguing layer to the current market dynamics. Moreover, in addition to the short interest, Bitcoin’s active addresses surged by 19% in the last 24 hours, reaching 764,380. This increase suggests rising demand and interest in the market, potentially foreshadowing a price rally. Key liquidity levels are also worth monitoring, with $68,600 being a significant target for potential liquidations of $49.02 million in BTC, hinting at ongoing bullish sentiment. Bitcoin Surge to $70K Imminent? A critical resistance level lies at $67,400. If Bitcoin manages to breach this threshold, analysts suggest that it could target $86,600, furthering the bullish momentum. The open interest in Bitcoin futures has reached a record $20 billion, just 8% shy of its all-time high, indicating a strong expectation of market volatility and heightened interest from institutional investors. BTC Price Chart, Source: Sanbase Interestingly, whale activity is on the rise, with significant net outflows from exchanges. Over the past week, there has been a -1411.95% change in net flows to exchanges, suggesting that large holders are preparing to accumulate Bitcoin for the long term. As Bitcoin approaches its all-time high of $73,764, the combination of rising active addresses, bullish liquidity signals, and whale accumulation suggests that the cryptocurrency could soon experience significant price movements. However, investors are advised to remain vigilant, as profit-taking could quickly shift the market dynamics. Highlighted News Of The Day What Binance’s $100T Volume Lead Means for the CEXs Future?

The alluring promise of enormous expansion possibilities in the cryptocurrency sector has maintained the interest of investors particularly those who have experienced immense profits during previous bull markets. As the space of digital assets progresses over time, certain altcoins have the best chance of achieving moonshot by the year 2025. One of these is Rexas Finance, which has caught a lot of interest owing to its exclusive characteristics and well-orchestrated presale, in addition to four other highly promising altcoins with great potential. Rexas Finance (RXS) In hardly any time, Rexas Finance has carved a niche in the populace of Cryptocurrency people, attracting investors who have pegged it as the pioneer in the tokenization of real-world assets and the investment platform. The business model of the platform centers around the integration of blockchain and radical improvements in asset management by creating tokens of real-world assets (RWA). The fractionation brings down the minimum investment requirements thereby allowing more people to invest in nonliquid assets such as real estate, precious metals, collectibles, and other investments and also improving the liquidity of these asset classes. Rexas Finance’s presale has particularly enjoyed favourable conditions and registered accumulated sales of more than $3.5 million through several stages. At the moment, the fourth stage is ongoing and tokens at the price of just $0.06 are on sale which is an ideal level for investors. All and sundry have witnessed the excitement around RXS as they are already listed in CoinMarketCap (CMC) and this only exemplifies the level of confidence and credibility the RXS association has regarding the birth and subsequent performance of the said coin. Not only that, but Rexas Finance ensures that its ecosystem contains various unique aspects whose sole purpose is to improve user experience and aid in mass adoption. Through the Rexas QuickMint Bot, users can create their own token on Ethereum Virtual Machine (EVM) based blockchains using Telegram or Discord quickly and easily. Out of the many advantages the platform offers, it also features a Launchpad where new projects can raise funds and use AI to create non-fungible tokens (NFTs) artwork. Furthermore, a $1 million giveaway motivates the community to participate, as the chance of winning significant rewards while advertising RXS is enticing to the participants. Rexas Finance intends to be in the business of responding to the changing dynamics of the asset management market by utilizing technology aimed at dramatic growth. The emphasis on facilitating the democratization of investment via the use of blockchain technology together with the ways to bring down transaction costs by use of smart contracts makes it stand out within the changing DeFi space. Neiro (NEIRO) This project Neiro is another crypto project that has been gaining attraction with the holistic combination of AI and blockchain technology endeavours. The aim of this project is to provide a more efficient way of looking after and using the data present in decentralized networks. This includes AI-based smart analysis for trading and making predictions in order to enhance trading tactics and also the usage of DeFi mechanisms to enhance the operational efficiency and profitability of the users. With the use of artificial intelligence being incorporated in various industries, especially in the field of finance, the supply of AI-based blockchain solutions is also expected to grow. With Neiro’s position in this niche market, she could offer considerable yield to first-tier investors. Given the extension of its use, token exchange rates may appreciate and may return significant gains by the year 2025. Shiba Inu (SHIB) Contrary to common perception, Shiba Inu is still relevant in the meme coin space and commands a good share mainly due to its active community as well as the expanding ecosystem. Despite the bad press and skepticism about this ‘Dogecoin killer’, SHIB is more than just a meme coin as it is building its own decentralized exchange (ShibaSwap), NFT marketplace, and other more productivity-oriented practical needs. Considering these properties that the SHIB possesses, plus the fact that meme coins generally flourish during bull seasons, there is a likelihood that SHIB will be back in the limelight due to the forthcoming upgrades and new projects in its ecosystem. Shiba Inu continues to be the favorite of investors who are searching for the next explosive asset in the meme coin sector. Floki Inu (FLOKI) Floki Inu is an extension of the surge in popularity of meme coins which stems from the Shiba Inu that belongs to Elon Musk. However, it sets itself apart by aiming at creating real use cases, which include gaming and borrowing, lending, etc. Developing real products and services is what underpins initiatives such as the “Valhalla” NFT gaming metaverse and the “FlokiFi” suite of decentralized finance instruments. With the popularity of GameFi on the rise and growing attention to metaverse-related projects, the ecosystem of Floki Inu could boost the price of the token all the same. Long-term prospects of growth in these markets may encourage some investors to hold on to FLOKI as an attractive asset. Blast Up (BLAST) Blast Up is more obscure compared to other exchanges and has lofty goals as a token with high potential aimed at offering DeFi products and services to newbies. It presents tools and services such as lending, borrowing, and staking designed to enable users to participate in earning passive income in the DeFi section. Offering educational solutions and simple designs, Blast Up plans to explain DeFi and help more people into it. Most importantly, as DeFi keeps growing and more customers look for solutions outside the traditional finance world, Blast Up’s objectives cater to a considerable market need. Its ability to grow further by increasing users bodes well for its prospects in the market in the coming years. Realistic Target of 5,000% Returns By 2025 Although it is quite challenging to give levels in terms of price movements within the crypto space because of its inherent volatility, one snapshot history has it that good returns are not a tale too far fetched. Many crypto enthusiasts remember: at the last bull market several altcoins showed increases of over 5,000% as technological, market, and blockchain Adoptions combined and took off. In order for the tokens to achieve such a highly appreciated value, growth-enhancing ideal execution has to be pursued. Some of the factors that call for such growth are, the promise development made, the target user acquisition rate, collaboration accomplishment, and regulation compliance. Due to the high volatility associated with such investments, the investors in such cryptocurrencies must however take into consideration the factors above and the risks associated with investments in the specific markets. To sum up, although it is possible to get up to 5000% returns by the year 2025, one must keep in mind that it depends largely on how well these projects’ roadmaps are implemented and other such factors beyond their control. For those investors who would like to embrace that risk, this might be the right time to think about getting into those markets in advance of the next bull market taking hold. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Among many big names flooding the markets with Toncoin (TON) and meme coins like Dogwifhat (WIF), Zig Network (ZIG) is here to absolutely change the game and become one of the most promising investments for 2024. It features a novel revenue sharing model, along with the capability to earn daily rewards. Let’s explore why Zig Network (ZIG) is catching the eyes of smart investors, leaving behind the likes of Toncoin (TON) and Dogwifhat (WIF). Toncoin (TON): A Struggle for Recovery Toncoin (TON) reached as high as the level of $8.25 in June 2024, after which it entered a correction phase. Toncoin (TON) is now trading at nearly the $5 mark, with resistance acting as a ceiling to the upward push. Toncoin (TON) is still slowly recovering, but there isn’t much certainty regarding reaching its previous high levels. However, Zig Network (ZIG) is coming off the ground with an attractively priced presale at $0.01. The appealing offerings for ICO participants and its revenue sharing model give it a lot of space for enormous growth. Since Toncoin (TON) is still searching for stability, Zig Network (ZIG) is a much more dynamic investment opportunity, especially for those seeking early entry into a project that has promising potential. Dogwifhat (WIF): Memecoin Hype or Real Potential? Dogwifhat (WIF) has been showing explosive growth with it shooting over 110% in a month. Though the hype for Dogwifhat (WIF) and other meme coins like Dogecoin (DOGE) can bring short term gains, given the fact that meme coin investing is at the whims of sentiments in the market, it is the least predictable at times. The returns provided by Dogwifhat (WIF) during recent periods have been quite high but highly volatile, thus making it risky to long term investors. For the investment trader seeking a stable yet profitable asset, Zig Network (ZIG) offers better long term opportunities. With such an intense focus on user rewards and a Zig debit card directly linked to token balances, Zig Network (ZIG) presents real world utility above and beyond purely speculative investment. Why Zig Network (ZIG) is Gaining Traction Zig Network (ZIG) is more than just another crypto asset in the market because it is dedicated to fairness in rewards and active community participation. By engaging with the platform, users can earn daily rewards through transaction fees and staking, creating passive income opportunities. 60% of the total token supply is already being offered in the presale and all the early Zig Network (ZIG) investors stand to benefit from the potential surge in value. As Zig Network (ZIG) is preparing for the official launch, it’s clear that it has what it takes to become a leader in the crypto space. With its innovative approach to blockchains, Zig Network (ZIG) far surpasses being just another coin. Many experts see this crypto asset as a revolution in how users can earn and use cryptocurrencies. To find out more about the Zig Network (ZIG) presale use the links below: Participate in the Zig Network Presale Read the Zignet Whitepaper Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Binance surpasses $100T in trading volume, highlighting CEX dominance. Growing interest in DeFi challenges sustainability of centralized exchange. Binance, the world’s largest cryptocurrency exchange, has reached a significant milestone, with its cumulative spot and derivatives trading volume surpassing $100 trillion, according to data from CCData. OKX follows in second place with $24.9 trillion, while Bybit and Bitget rank third and fourth with $13.2 trillion and $10.9 trillion, respectively. HTX rounds out the top five at $10.2 trillion. While Binance’s dominance highlights its growth, this achievement raises deeper questions about the sustainability of centralized exchanges (CEXs). Especially amid growing regulatory scrutiny and the rise of decentralized finance (DeFi). In recent years, regulators worldwide have increased oversight of CEXs, spurring concerns about transparency and governance. Competitors like OKX, Bybit, and Bitget are rapidly scaling, looking to close the gap in trading volume and user base. Yet, the market is shifting its focus beyond sheer volume. The growing interest in DeFi is pushing the conversation toward decentralization. It is with users seeking more control over their assets, privacy, and financial autonomy. Challenges Ahead for CEXs? DeFi platforms, which offer peer-to-peer transactions without intermediaries, are gaining traction and pose a potential threat to the current CEX model. While centralized exchanges still dominate in terms of liquidity and user experience, the shift in sentiment toward decentralization may require these platforms to adapt. Ultimately, opinions around the future of CEXs remain divided. Some believe that platforms like Binance will continue to thrive by adjusting to regulatory demands, while others envision a future where decentralized solutions take center stage. These views, drawn from both data and global community discussions, suggest a market at the cusp of transformation. Highlighted News Of The Day POPCAT Price Surges In 24 Hours: Can The Meme Coin Hit New ATH?

In the crypto market, two names have recently caught the attention of top traders: Solana (SOL) and Sui (SUI). Both tokens have experienced notable price movements, with experts suggesting it’s time to take profits. As traders seek the next big altcoin play, the rise of innovative platforms like Rexas Finance (RXS) presents new opportunities in asset tokenization. Solana Struggles to Hold Key Resistance Solana (SOL) has faced a series of challenges in recent days, struggling to break past the $163 resistance level. After three attempts since August, the token has seen a 13.4% dip from its local high of $161.8. Despite this, SOL remains bullish on longer timeframes, with key support at $134 holding firm. The A/D indicator shows consistent buying activity since July, yet the volume near resistance zones poses concerns. The lack of breakout volume suggests a potential pullback, but SOL holders remain optimistic. If resistance is cleared, the next target sits at $187. However, without an increase in volume, the chances of further upward movement are limited. Sui Faces Correction After Rapid Surge Sui (SUI), another token that captured the market’s attention, recently faced difficulty maintaining its value above the $2 mark. The token had surged over 100% in a short period but has since corrected by about 3%, currently trading at $1.8757. Despite this dip, SUI is still up by a significant 140% this year, with a market cap of $5.155 billion. The token’s performance has been supported by the Simple Moving Average (SMA), indicating a bullish sentiment. However, the Moving Average Convergence Divergence (MACD) signals rising bearish momentum, suggesting caution. A break above $2.2 could trigger a bullish reversal, but failure to maintain this level might result in a deeper drop to the $1.6060 support. Rexas Finance Pioneers Asset Tokenization Rexas Finance (RXS) is leading the charge in real-world asset tokenization, allowing investors to own fractions of assets like real estate and commodities with just a click. By removing traditional barriers, such as high entry costs and lack of liquidity, Rexas Finance makes it possible for anyone to invest in assets from anywhere in the world. At the heart of Rexas Finance is its tokenization suite, designed to make asset tokenization accessible to all. The Rexas Token Builder allows users to tokenize anything from real estate to financial assets. This feature provides unparalleled liquidity, giving investors flexibility like never before. Additionally, the Rexas QuickMint Bot simplifies the minting process through platforms like Telegram and Discord, enabling users to create tokens with ease. For projects looking to raise funds, the Rexas Launchpad provides a dedicated platform for token sales, helping new ventures attract investors and fuel growth. Tokenomics and Presale Success Rexas Finance has also attracted significant investor attention through its public presale. Unlike other projects that rely on venture capital, Rexas opted for a public presale to allow everyday investors to participate in this financial revolution. Now in stage 4, with tokens priced at $0.06, the total amount raised stands at $3,447,227. Investors at this stage are looking at a 3.3x return upon launch. Rexas Finance is also offering a $1 million giveaway, where 20 winners stand a chance to win $50,000 USDT each by completing simple tasks like referring friends and submitting wallet addresses. Final Thoughts: Rexas Finance Positioned for Success As traders contemplate the future of altcoins like Solana and Sui, Rexas Finance offers a fresh alternative with its innovative approach to real-world asset tokenization. By enabling seamless ownership of assets through blockchain, Rexas Finance is setting a new standard in the crypto market. With strong presale results, advanced tools for tokenization, and a growing community of investors, RXS is the next big altcoin play. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH). As the token attempts to reclaim key resistance levels, some analysts warn the cat-themed memecoin could see a correction soon toward its monthly opening. Popcat Retest $1.4 Resistance Level Memecoin sensation Popcat has been one of the best-performing cryptocurrencies over the past three months. Despite the market retraces, the token outperformed most cryptocurrencies, becoming the first cat-themed memecoin to achieve a $1 billion market capitalization. In the last 30 days, Popcat has seen a 108% surge, hitting three new ATHs since breaking the $1 barrier. After reaching its latest ATH of $1.56 a week ago, the cryptocurrency has been on a 7-day downtrend. The memecoin unsuccessfully attempted to break above the trendline earlier this week, facing a correction toward the $1.2 support level. Popcat bounced 16.6% from this zone on Thursday, propelling the token’s surge toward the $1.3 resistance level. On the last day, the cryptocurrency retested the trendline twice after surpassing the $1.4 mark. A successful reclaim of this zone could propel the price toward a new ATH. A market watcher considers that if Bitcoin’s price holds, Popcat should successfully break this level by next week. It’s worth noting that the cat-themed token followed BTC’s lead on Friday morning, surging 2.4% as the flagship cryptocurrency neared the $69,000 mark. Is A Correction Looming? Crypto analyst Sanchez noted that the memecoin’s price was “running flat” in the four-chart on Friday morning. To the analyst, the cat-themed token’s performance “looked good” for another leg up but suggested the possibility of another correction ahead of the breakout. A drop from the $1.3 mark could send Popcat’s price toward the $1.1-$1.0 mark. Trader Crypto Tony suggested that the cryptocurrency could see a retest of the monthly opening of around $1.01 in case of a rejection. Despite the correction forecast, the memecoin has seen a 7% increase in the last 24 hours, trading 8.7% below its ATH. Popcat reclaimed the $1.3 mark and is attempting to confirm the breakout and regain the $1.4 resistance level. Analyst CryptoGodJohn stated that the cryptocurrency “looks like it wants new ATHs and beyond this weekend” following its recent performance. Additionally, crypto trader Bluntz noted that Popcat’s price could achieve a 30% surge toward a new all-time high. To Bluntz, a rise toward the $1.7 mark might be coming short-term after “getting real close to a biddable level” this week, but “would like to see one more sweep.” As of this writing, Popcat trades at $1.41, an 8.3% surge in the weekly timeframe.

Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history. Dogecoin Has Registered A 9% Jump During Last 24 Hours While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be different as its value has witnessed a notable increase. The below chart shows the trend in DOGE’s price over the past month. From the graph, it’s visible that the Dogecoin price has claimed the $0.134 mark with this rally and has surpassed the high from last month. The memecoin is now close to the July top, so if this run continues, the memecoin can potentially have a go at it as well. In terms of the weekly returns, the latest jump has meant that DOGE is now up more than 24%, which has made it the best performer among the top 50 coins by market cap. Dogecoin isn’t the only memecoin that has been rallying; the asset’s cousin Shiba Inu (SHIB) has also enjoyed bullish momentum during the past day, although its jump of 5% is less impressive than DOGE’s. This latest focus on meme coins may not be the best sign for the cryptocurrency sector as a whole. Market Topped Out The Last Time Memecoins Got The Attention According to data from the analytics firm Santiment, the Social Dominance of the memecoins had spiked during the recent Bitcoin top above the $68,000 level. The “Social Dominance” here refers to an indicator that keeps track of the percentage of the discussions related to the top 100 coins on social media that a given coin or group of assets is occupying right now. Here is a chart that shows how the Social Dominance of the top 6 layer 1 assets has compared with that of the top 6 meme coins recently: As displayed in the above graph, the Social Dominance of the memecoins had shot up earlier as Bitcoin and others had rallied, suggesting that investors had started paying attention to these speculative assets. This interest in the meme coins, though, ended up coinciding with the market top. “Typically, markets correct when focus shifts away from layer 1’s and toward more speculative assets due to greed,” explains the analytics firm. With Dogecoin and Shiba Inu pulling away from the pack during the past day, it seems the investor greed is still high, which can potentially lead to more bearish action for Bitcoin and other top assets. From the chart, it’s visible that the market has tended to reach bottoms when attention has shifted back to the layer 1 networks, so it’s possible that this may have to happen again if the sector-wide run has to continue.

Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency. Active Address Momentum Signals Upward Market Structure Active addresses represent the number of unique addresses conducting transactions on the Bitcoin network, providing insights into network activity and investor engagement. By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, the CryptoQuant analyst could assess the network’s growing momentum. The analyst emphasized that the 30DMA has sharply risen recently and is closing in on the 365DMA. If a “golden cross” occurs, where the 30DMA surpasses the 365DMA, it could signal a further bullish trend for Bitcoin, dent reveals. The CryptoQuant analyst added that Bitcoin has seen high transaction volumes since the second half of the year, supporting increased network activity. While the current upward momentum is encouraging, the analyst also warned of potential volatility due to a “rising wedge” formation in Bitcoin’s price chart—a pattern that could lead to significant price swings if the wedge continues to tighten. Bitcoin Rally To $90,000 In Sight? Bitcoin’s recent price performance has added to the optimism among investors. Over the past week, the cryptocurrency has surged by over 10%, and it has continued its upward trajectory, rising by an additional 1.98% in the past 24 hours to trade at $68,708 at the time of writing. This upward movement has helped Bitcoin break through a major resistance zone on its daily chart, sparking predictions of even higher prices. One notable prediction came from crypto analyst Javon Marks, who recently shared his outlook on X. Marks highlighted that Bitcoin has broken out of a “descending broadening wedge” pattern. Statistically, this pattern suggests that when the resisting line is broken, the price objective is reached in 81% of cases. In Bitcoin’s case, Marks believes that this breakout could push the price of Bitcoin to a range between $90,000 and even more than $96,000. Featured image created with DALL-E, Chart from TradingView

Dogecoin (DOGE) might be on track for a massive rally as the asset continues its consistent uptick in recent weeks, up by a double-digit percent. According to a renowned crypto analyst Javon Marks, based on the historical chart pattern, the memecoin may be on the brink of another parabolic run, similar to the explosive rallies witnessed in the past. Why An Over 400% Rally Is Plausible For Dogecoin Based on historical patterns, Marks revealed that Dogecoin may be in the early stages of a significant bull run, potentially heading toward a 431% price increase. Marks highlighted that Dogecoin could quickly reclaim its all-time high of $0.73905, supported by similar price behaviors seen in the past. This revelation was particularly made in a post on X accompanied with a historical price chart of DOGE whereby DOGE is showing a pattern known as the “falling wedge.” This technical formation occurs when the price of an asset consolidates between two downward-sloping trendlines before eventually breaking out. In Dogecoin’s case, Marks observed that DOGE had recently formed this falling wedge pattern and subsequently broken out to the upside. Historically, such breakouts have led to substantial rallies in Dogecoin’s price. Based on this breakout, Marks predicts a significant surge, potentially over 400%, as long as DOGE maintains its momentum. DOGE Recent Price Performance And Outlook Over the past few weeks, Dogecoin has shown gains, aligning with the bullish outlook shared by analysts. In the last 7 days alone, DOGE has surged by 23%, reaching a high of $0.135 in the early hours of today. This performance is notable, as Dogecoin has maintained its upward momentum despite fluctuations in the broader cryptocurrency market. When writing, Dogecoin is trading at $0.1333, representing a 9.5% increase in the past 24 hours. In addition to Javon Marks’ analysis, another prominent figure in the crypto space, Trader Tardigrade, has also weighed in on Dogecoin’s recent market structure. In a post on X, Tardigrade noted that Dogecoin has transitioned from a downtrend to an uptrend. He pointed out that Dogecoin experienced a false breakout during its previous downtrend, but the absence of a lower low following the false breakout indicates a change in market sentiment. According to Tardigrade, Dogecoin is now forming higher highs and higher lows, signaling a potential continuation of its bullish trend. Featured image created with DALL-E, Chart from TradingView

ADA price lacks bullish momentum, trapped in $0.33-$0.37 range. Correlation with Bitcoin drops to 0.35, lowest in 2.5 months. Potential targets: $0.40 if $0.37 breached, or $0.31 if $0.33 support fails. Cardano (ADA) finds itself in a precarious position as it grapples with a persistent lack of bullish momentum, leaving investors uncertain about its near-term trajectory. Despite optimistic expectations for a rally, ADA has struggled to break free from its current consolidation range, with technical indicators and market sentiment providing mixed signals. One of the most notable developments in Cardano’s market behavior is its rapidly declining correlation with Bitcoin. Currently standing at 0.35, this correlation coefficient has reached its lowest point in over two and a half months. This decoupling from Bitcoin’s price movements is particularly significant given BTC’s proximity to the $68,000 mark, suggesting that ADA may not benefit from the same upward momentum that Bitcoin is experiencing. Cardano holders in loss Cardano’s macro momentum presents equally concerning signals. The realized profits/loss indicator reveals that the majority of ADA holders are currently experiencing unrealized losses. Source: Santiment This situation has led to a prevalence of “HODL” behavior, where investors are reluctant to sell at a loss but also hesitant to increase their positions. The resulting stagnant market environment has created a delicate balance between low selling pressure and limited buying activity. From a technical perspective, ADA’s price has been confined to a narrow range between $0.33 and $0.37 since the beginning of October. This consolidation pattern reflects the current equilibrium between bullish and bearish forces in the market. Without a significant catalyst or shift in market sentiment, Cardano is likely to continue oscillating within this range in the near term. The mixed signals from Cardano’s macro indicators make it challenging to predict a clear direction for the asset. While the $0.33 support level has proven resilient, consistently prompting bounces, the $0.37 resistance has equally rebuffed bullish attempts to break higher. This range-bound movement underscores the current challenges facing Cardano’s price action.

SEC appeals Ripple case, focusing on proceedings involving executives. XRP price drops to $0.54, with NVT ratio reaching yearly high of 634. Potential targets: $0.38 if bearish trend continues, or $0.65 if bullish momentum emerges. Ripple’s XRP finds itself at a critical juncture following the U.S. Securities and Exchange Commission’s (SEC) official appeal in its case against Ripple Labs. This legal development has triggered a decline in XRP’s price over the past 24 hours, raising questions about the cryptocurrency’s short-term trajectory and long-term implications. The SEC’s appeal, detailed in an October 17 civil appeal pre-argument statement, seeks clarification on the proceedings involving Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Notably, the regulator is not challenging the ruling that XRP sales to retail investors through exchanges are not securities, a point emphasized by Ripple’s chief legal officer, Stuart Alderoty. XRP price reacts to this development XRP’s market reaction to this development has been swift, with the token currently trading at $0.54. Accompanying this price drop is a significant increase in XRP’s Network Value to Transactions (NVT) ratio, which has reached a yearly high of 634. This combination of falling price and rising NVT ratio presents a bearish signal, suggesting potential overvaluation even as buying pressure weakens. Source: Santiment Interestingly, long-term XRP holders appear unfazed by these developments. The age-consumed metric, which tracks the movement of long-held coins, has shown no significant spikes in the past 24 hours. This stability implies that most of the current selling activity is concentrated among short-term traders, while long-term investors maintain their positions. Looking ahead, XRP’s price action may hinge on the balance between short-term selling pressure and potential new demand. The token currently trades just above a crucial support level at $0.52. A failure to maintain this support could potentially trigger a more significant decline towards $0.38, representing a 30% drop from current levels.

Majuro, Marshall Island, October 18th, 2024, Chainwire Ape On, the most secure and efficient token launch platform, is reshaping decentralized finance (DeFi) on the Solana blockchain. With its unique token locking feature powered by Jupiter Lock, Ape On is designed to provide unmatched security and transparency, making it the best and safest way to launch and buy tokens in the crypto space. Token Locking for Enhanced Transparency Ape On offers a revolutionary token locking mechanism that allows project creators to lock their tokens for a designated period, ensuring that investors are protected from early token dumps. This powerful feature builds long-term trust between creators and the community, making Ape On the safest platform for investors to participate in early-stage projects. With token locking, investors can confidently engage in projects knowing their investments are secure. Addressing Solana’s DeFi Needs As DeFi continues to evolve, Solana’s low transaction fees and high-speed processing make it an ideal environment for innovative platforms like Ape On. However, despite its technical strengths, Solana’s ecosystem needs secure, transparent investment methods to encourage long-term participation and project stability. Ape On’s token lock and transparent launch process fill this gap by promoting fairness and trust in the growing Solana ecosystem. Additional Platform Features Badge System for Transparency: Ape On introduces a badge system that provides clear project status updates, offering investors easy-to-understand indicators for assessing a project’s reliability. Influencer and Creator Rewards: Ape On also incentivizes influencers and creators, sharing 20% of liquidity provider rewards with influencers who help onboard users to the platform, and 10% with token creators. Cost-Effective and Fast Launches: With Solana’s low transaction costs, Ape On makes launching tokens fast and affordable for creators, ensuring a smooth deployment process within seconds. Mainnet Launch on 20th October Ape On is set to go live on mainnet on October 20th, with RPC infrastructure powered by Heliuslabs, locked and ready for the big day. The platform’s debut on mainnet marks the beginning of a new chapter in secure token launches on Solana. About Ape On Ape On is a next-generation platform on the Solana blockchain, offering the best and safest way to launch and buy tokens. With its Jupiter-powered token locking mechanism, Ape On provides security and transparency, setting the gold standard for token launches in DeFi. By focusing on long-term stability and community trust, Ape On fosters growth in the crypto ecosystem. For more information, users can visit Ape On or follow Ape on on Twitter Contact CMO Joe George Ape On [email protected]

As this year winds down, analysts and traders are on the lookout for the top crypto assets for next year. Thorchain (RUNE) is being praised for its promising price potential, while Sui has been noted for its remarkable innovations despite a tough year. However, BlockDAG (BDAG) is capturing attention with its advanced Layer 1 technology. BlockDAG recently launched a powerful testnet that has received glowing reviews, with many suggesting it could even outperform Solana. Its presale is drawing significant buying, pushing it toward the $100 million mark and ranking it among the most successful and highly regarded presales ever. Everyone is now watching for what BlockDAG will achieve next. Thorchain (RUNE) Price Potential: Making Waves in DeFi Area Thorchain (RUNE) is revolutionizing decentralized finance (DeFi) by enabling smooth trades of assets across different blockchains without needing centralized exchanges. This capability enhances liquidity and gives users access to a broader range of assets, making Thorchain a key player in the DeFi space. As investors look to diversify their portfolios, Thorchain’s Automated Market Maker (AMM) model is proving popular, offering greater control over transactions. Looking forward, the price potential of Thorchain (RUNE) is garnering investor interest. With a rising demand for decentralized options, Thorchain remains a vital asset for those aiming to maximize returns, thanks to its groundbreaking cross-chain technology and liquidity solutions, which are attracting those keen on the rapidly changing DeFi market. Sui News: Driving Growth Through Innovation Sui (SUI) has grabbed the spotlight, earning praise from industry giants like Cardano co-creator Charles Hoskinson for its innovative approach. Supported by Mysten Labs and created by George Danezis, Sui is making a name for itself as a formidable rival to Solana. Focused on scalability and efficiency, Sui is pushing technical boundaries forward in the blockchain realm. Its recent price jump to $1.92, a rise of over 10% in one day, showcases growing confidence in its future prospects. The buzz around Sui is sparking conversations about its role in the crypto world. While Hoskinson stays devoted to Cardano, he recognizes Sui’s genuine innovations. As Sui builds on its solid foundation, its influence in the Layer-1 sector is expected to expand, leading to broader adoption and sustained growth, thus attracting more developers and investors. BlockDAG Testnet Receives High Praise BlockDAG has been making headlines since it launched its much-anticipated testnet on September 20, 2024. The testnet has given the community a chance to see the network’s features up close. With Blockchain Explorer, users can monitor transactions as they happen, create their own BDAG coins, and even try out smart contracts. These capabilities demonstrate BlockDAG’s network strength and ability to handle large-scale operations, marking it as a significant contender in the blockchain arena. The robust performance of BlockDAG’s testnet has generated a buzz in the market. Many are speculating that BlockDAG might surpass well-known cryptocurrencies like Kaspa and Solana. This excitement has triggered a wave of huge buying, pushing BlockDAG’s presale close to the $100 million mark. Early participants have already seen impressive returns, which has sparked even more interest. BlockDAG’s presale, already among the most successful recently, is now seen as potentially setting new records. Having raised nearly $99 million so far, the project is swiftly moving towards its $600 million goal. The strong influx from both individual enthusiasts and big buyers shows increasing confidence in BlockDAG’s future prospects. As BlockDAG continues to build momentum, the success of its testnet signals great things ahead. Buyers are keenly watching the presale, expected to keep growing, positioning it as one of the top coins for those seeking high-growth crypto assets. The Final Call While Thorchain (RUNE) and Sui remain competitive, BlockDAG is emerging as the standout crypto asset poised for significant returns. With its testnet now operational, BlockDAG has proven its high scalability and efficiency, receiving excellent reviews. Big buyers are getting on board, propelling the presale near the $100 million milestone. This growing interest is setting BlockDAG on a path to becoming one of the most successful presales ever, making it a top-rated cryptocurrency. As Thorchain’s potential grows and Sui continues to attract attention, BlockDAG remains the project to keep an eye on. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Newcastle upon Tyne, United Kingdom, October 18th, 2024, Chainwire Today marks the official launch of KERORO, a new meme coin built on the Solana blockchain, which has debuted with a market cap of $4.5 million. Positioned within the meme coin market, KERORO draws on Solana’s high-speed, low-cost transaction capabilities to establish itself as a community-driven project. KERORO’s Vision and Mission KERORO, inspired by the iconic character known for its charm and cultural impact, brings a fresh, vibrant energy to the cryptocurrency world. With its roots firmly planted in the Solana blockchain, known for its high performance and efficiency, KURORO is not just a coin; it’s a cultural phenomenon that promises to redefine the meme coin narrative. Key Features of KERORO Community-Driven: At the heart of KERORO is a vibrant community that believes in the power of unity and fun. The project is designed to bring people together, fostering a sense of belonging and participation. Innovative Technology: Leveraging Solana’s high throughput and low transaction costs, KERORO ensures that every transaction is swift, secure, and cost-effective. This technological edge positions KURORO as a leader in the meme coin space. Cultural Resonance: KERORO taps into a rich vein of internet culture, resonating with a new generation of investors who value creativity, humor, and community over traditional financial metrics. Market Performance and Expectations Since its launch, KERORO has seen an enthusiastic response, with its market cap quickly soaring to $4.5 million. The KERORO team expects that KERORO’s market cap could increase in the coming weeks due to its growing popularity and the unique dynamics of meme coin markets. Trading Information KEROROis available for trading on major Solana-based exchanges such as Jupiter, Bullx, and Raydium. Users interested in the project can trade KERORO and join the community through its social media channels and online platforms KERORO’s Telegram: https://t.me/kerorocult KERORO’s X: https://x.com/kerorocult Contract Address: 2Z6TocWzKtddxVe9kxCB3j3A339Z6CDiut5k3a9Apump About KERORO KERORO is more than just a meme coin; it’s a celebration of community, creativity, and the spirit of the internet. Built on Solana, KERORO aims to bring joy and opportunity to all its holders, proving that finance can be both serious business and serious fun. Contact:https://visionary-marketing.co.uk Contact Mr Christopher Coussons https://visionary-marketing.co.uk [email protected]

POPCAT price surges in 24 hours, leading market gains. Chaikin Money Flow and On-Balance Volume show bullish trends. Price targets: potential rise to $1.55 all-time high, or drop to $0.90 if support fails. POPCAT, the Solana-based meme coin, has emerged as the top gainer in the cryptocurrency market, registering an impressive price increase over the past 24 hours. This remarkable rally follows a brief period of decline earlier in the week, signaling a potential resurgence in buying pressure that could propel POPCAT towards reclaiming its all-time high of $1.55. The recent price action marks a significant reversal from the bearish divergence previously observed between POPCAT’s price and its Chaikin Money Flow (CMF). This technical indicator, which tracks capital flows in and out of an asset, has now aligned with the price trend, showing an upward movement and positioning itself above the zero line at 0.03. This synchronization between price and CMF suggests strong buying interest, lending credibility to the current rally. POPCAT’s OBV shows upward trend Further bolstering the bullish narrative, POPCAT’s On-Balance Volume (OBV) indicator is trending upward, currently standing at 30.02 million. The OBV, which measures buying and selling pressure based on volume, indicates that more investors are accumulating the asset, potentially driving further price appreciation. Source: Coinglass The positive sentiment extends to POPCAT’s futures market, where the funding rate across cryptocurrency exchanges stands at a bullish 0.014%. This metric suggests that derivatives traders are positioning themselves for continued price increases, reflecting broader market optimism. Currently trading at $1.35, POPCAT sits just above its $1.27 support level and 14% below its all-time high. If the current market momentum persists and demand remains robust, POPCAT could potentially challenge and surpass its previous peak at $1.55. However, market participants must remain vigilant to potential downside risks. A surge in profit-taking could push POPCAT below its current support level, potentially triggering a decline towards the $0.90 mark.

Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms and asset managers. Notably, slightly more than one out of five institutional investors – or 22.6% – of the respondents said that ETH or an ETH-based liquid staking token (LST) constitutes more than 60% of their total portfolio allocation. The report notes a seismic transformation in the Ethereum staking landscape since the network transitioned from a proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism during the Merge upgrade. At present, there are close to 1.1 million on-chain validators staking 34.8 million ETH on the network. Following the Merge, Ethereum network participants were allowed to withdraw their ETH only after the Shapella upgrade in April 2023. After the initial phase of ETH withdrawals, the network has seen steady inflows, indicating strong demand for ETH staking. At present, 28.9% of the total ETH supply is staked, making it the network with the highest dollar value of staked assets, valued at over $115 billion. It’s worth noting that the annualized yield from staking ETH is around 3%. As more ETH is staked, the yield decreases proportionally. However, network validators can also earn additional ETH through priority transaction fees during periods of high network activity. Third-Party Staking Overshadows Solo Staking Anyone can participate in ETH staking, either as a solo staker or by delegating their ETH to a third-party staking platform. While solo staking gives the staker full control over their ETH, it comes with a high entry barrier of staking at least 32 ETH – worth more than $83,000 at current market price of $2,616. Conversely, holders can stake with as little as 0.1 ETH through third-party stakers but must give up on some degree of control over their assets. Recently, Ethereum co-founder Vitalik Buterin stressed the need to lower entry requirements for ETH solo stakers to ensure greater network decentralization. Currently, about 18.7% of stakers are solo stakers. However, the trend shows that solo staking is losing popularity due to the high entry threshold and the inefficiency of locked capital. The report explains: As a result, third-party staking solutions are becoming more popular among ETH stakers. However, such platforms – dominated by centralized exchanges and liquid staking protocols – raise concerns about network centralization. Close to 48.6% of ETH stakers leveraging third-party staking platforms are using just one integrated platform such as Coinbase, Binance, Kiln, and others. The report highlights key factors driving institutional investors to use third-party platforms, including platform reputation, supported networks, pricing, ease of onboarding, competitive costs, and platform expertise. Although the Ethereum staking ecosystem is evolving, this growth has not yet been reflected in ETH’s price. ETH has significantly underperformed against BTC for an extended period, only recently gaining traction after the US Federal Reserve’s (Fed) decision to cut interest rates. Nonetheless, some crypto research firms remain optimistic about ETH’s potential comeback against BTC later this year. As of press time, ETH is trading at $2,616, up 0.8% in the past 24 hours.

Shiba Inu (SHIB) is now priced at about $0.00001783, just below a key resistance zone which means that the market is in a good mood. Market analysts are ready to witness another possible rally in the meme coin space. Crypto influencer Davinci Jeremie noted that during the last bull cycle, Dogecoin (DOGE) reached a market cap of $88.8 billion, while SHIB peaked at $40 billion. The bull run will take the market cap of meme coins to a trillion dollars. Currently, the market capitalization of meme coins has surged to $58 billion, although still behind other up-and-coming crypto sectors such as AI-based tokens and real-world asset cryptos, but still a solid amount nonetheless. On the bullish side, investors would have a pretty good chance of significant profits upon its break from resistance levels into $0.000028, with the current momentum at their side, there is hope that the rest of the meme coins might also witness good performance, too. The Current Status Of Meme Coins It might have ended its global trend reversal and gone off a prior downtrend but do not count it out yet since during the late parts of September 2024, SHIB saw a huge spike as it recorded an all-time high at $0.00002135. This peak successfully broke two strong resistance levels which can only mean good for the coin and other meme coins. From the technical analysis from PS Trade, there is a high resistance point that is at $0.00002052 where around 83.75 trillion tokens are kept at this price level. PS Trade said the global downward trend reversal structure is complete even if the price of SHIBUSDT is still not increasing very strongly on the three-day period. For this coin, he said their aim is therefore 100% increase. It was found that by the end of September, a double local top had been formed in two successive days above its high made in the middle of July. However, the strongest resistance band lies between $0.000018 and $0.000020 since 439.16 trillion tokens are dispersed across 45,620 wallets. If the bullish trend of SHIB continues, then it might test the next major hurdle at $0.000028. Shiba Inu: Technical Indicators And Market Challenges Large-position institutional investors pushed SHIB back below $0.000018. As the CMF is still negative at – 0.22, this presents selling pressure from the large holders. Meanwhile, the StochRSI has revealed that SHIB was already entering into an overbought position due to its values oscillating between 71 and 57. That makes it important that the oscillators and charts begin to show signs of short-term volatility and further corrections if the selling pressure continues. However, given the strong bullish setup, a further rally is quite possible. Investors need to keep an eye on key resistance levels as well as technical indicators for further movements in SHIB. Featured image from CNBC, chart from TradingView

Aave, the decentralized lending platform, is among the largest DeFi protocols by total value locked (TVL). Over the years, despite the crypto price boom and bust cycle, the platform has operated flawlessly without any technical hitches. Aave User Address Grew By 675% In One Week Since the beginning of the year, Aave has dominated headlines, mostly around its price performance and rising TVL. However, looking at other metrics, the lending platform is performing solidly. According to Santiment, Aave on Optimism is the fastest-growing protocol on their watch among platforms, commanding at least $500 million in TVL. The number of Aave addresses on Optimism grew by 675%, roughly twice that of KuCoin tokens (KCS). At this pace, Aave outperformed Maker–another lending and borrowing protocol on Ethereum, Chainlink on Optimism, and Raydium–a top decentralized exchange (DEX) on Solana. Of note, Chainlink on Optimism and Raydium grew over the last week by 100%. The fact that Aave on Optimism grew faster than Raydium, the top DEX on Solana, is a milestone. By default, any meme coin launching on Pumpfun that achieves at least 69 SOL automatically lists on Raydium. Although only a small percentage graduate and are listed on Raydium, tens of thousands of meme coins launch on the meme coin launchpad on Solana. Santiment now thinks AAVE prices may likely benefit from this growth. Pointing to historical performance, the sentiment analytics platform said there is usually a strong correlation between rising utility and consistent growth with long-term gains. According to Dune, there are over 49,800 unique daily users of Aave v3 on Ethereum. Over the last two days, there were 70 new users. While there is growth in the number of cumulative users, as expected, the number of new users remains steady. Will Prices Rise To Fresh 2024 Highs? AAVE is trading above $150, trending at around 2024 highs. Although the token is in an uptrend, prices have moved sideways over the past four weeks. Technically, a close above $180 could drive demand, lifting prices to new 2024 highs in the coming days. Possible drivers include the recovery of DeFi and other project-related factors. As of October 17, 56% of all cbBTC–the Bitcoin stablecoin by Coinbase–was locked in Aave. The protocol also plans to launch a new Merit Program for cbBTC. Those who borrow USDC by issuing cbBTC as collateral will receive more rewards if they move their debt from USDT to USDC. Moreover, those who switch from wBTC to cbBTC collateral will receive additional collateral.

In another fabulous story from the crypto market, an investor has realized a staggering 3,360% return, transforming an initial investment of $86,000 into approximately $3.9 million. This extraordinary gain was achieved through an investment in the memecoin Goatseus Maximus (GOAT). According to a report by on-chain analysis firm Lookonchain, the investor allocated 603 SOL (worth $86,000) to purchase 10.7 million GOAT tokens six days prior. At its peak, this investment surged to $3.75 million. Within the past eight hours, the investor liquidated 0.7 million GOAT tokens, converting them back into 1,453 SOL ($222,000), thereby retaining 10 million GOAT tokens valued at approximately $2.74 million. Additionally, the trader invested $182,000 in 7.3 million BILLY tokens, which he sold after four months for $593,000, yielding a 226% return. Thus, the anonymous crypto investor made a staggering $3.291 million profit with both trades. Crypto’s Latest Memecoin Sensation The memecoin GOAThas garnered significant attention within the crypto community. Initially conceptualized by an anonymous developer using Solana’s memecoin creation app, Pump Fun, GOAT was not the direct creation of Andy Ayrey, the developer behind the AI bot Truth Terminal. However, the AI’s influence played a pivotal role in its virality. Andy Ayrey, a digital innovator, developed Truth Terminal as an experiment in memetic engineering rather than crypto creation. Truth Terminal, trained on Meta’s Llama 3.1 model, engaged in extensive dialogues across platforms like X, Reddit, and 4chan, eventually fixating on the Goatsee meme—a notorious early internet shock image. These interactions inadvertently inspired the creation of the GOAT memecoin, which launched on October 13 and rapidly escalated to a market capitalization of $360 million within four days. As of the latest data, GOAT’s market cap has slightly tapered to just over $335 million, with the token trading at approximately $0.33. Andy Ayrey acknowledged the unexpected success of GOAT, stating, “This isn’t a crypto project; it’s a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs.” He further elaborated, “This memecoin taking off is proving a thesis I’m building an AI alignment and safety company around; which is where the bulk of my skin in the game lies.” Marc Andreessen, co-founder of Andreessen Horowitz, initially provided a $50,000 Bitcoin grant to Truth Terminal for independent AI research. Amid the GOAT token surge, Andreessen clarified his non-involvement with the memecoin: “For clarity, I sent a personal $50K no-string-attached unconditional research grant to Truth Terminal and its creator Andy Ayrey this summer […]. However, I have nothing to do with the GOAT memecoin. I was not involved in creating it, play no role in it, have no economics in it, and do not own any of it.” GOAT’s rapid ascent and subsequent stabilization highlight the continued appetite among crypto traders for high-risk, high-reward memecoins rather than fundamental utility. Truth Terminal’s role as a catalyst in GOAT’s success exemplifies the profound impact that AI-driven narratives can have on digital asset valuations At press time, GOAT traded at $0.3520.

As the year 2024 draws to a close, the crypto scene is abuzz with anticipation for what 2025 might bring. Tron and Cosmos have been receiving some optimistic forecasts despite a turbulent year, yet it’s BlockDAG (BDAG) that’s truly turning heads. With the launch of its cutting-edge testnet, this Layer 1 blockchain is quickly gaining recognition as a formidable contender, potentially eclipsing Solana. BlockDAG’s robust capabilities and efficient performance have ignited massive enthusiasm, particularly among prominent crypto backers, catapulting its presale toward the illustrious $100 million milestone. While Cosmos shows hints of rebounding and Tron releases enticing updates, BlockDAG is positioning itself as the go-to crypto coin as we edge closer to 2025. Unexpected Resilience: Cosmos (ATOM) Shows Signs of Revival Having debuted before the 2018 halving and achieving a peak in 2019, Cosmos took center stage during the 2021 crypto rally, soaring to $44.70. Despite a subsequent plunge during the crypto winter, which saw many tokens fading from prominence, Cosmos is now showing indications of a potential comeback as 2024 winds down. In a market that’s largely seen other cryptocurrencies stumble, Cosmos has notably held its ground with positive price movements. This unexpected resilience has ignited buyer curiosity, leading some to speculate whether Cosmos is gearing up to revisit its former peaks. Tron: A Year Marked by Growth and Technological Advancements Tron (TRX) has demonstrated remarkable growth in 2024, boasting a 50% increase since the year’s start. Recent enhancements to its Java-Tron client, which addressed critical vulnerabilities, have significantly bolstered confidence in its long-term prospects. Furthermore, the Tron DAO has amplified its security protocols, reinforcing Tron’s reputation as a dependable blockchain platform. Another pivotal development is the heightened integration with Tether (USDT), which has significantly boosted trading activity on the network. Tron is also on the cusp of rolling out a new gas payment system by the year’s end, which will allow transaction fees to be paid with USDT. Despite facing market headwinds, these strategic moves signal a bright future for Tron, with experts optimistic about its ability to withstand recent downturns and thrive. BlockDAG Network Soars to $100M Milestone BlockDAG is making significant waves, particularly after its testnet debut in September 2024. While Cosmos and Tron maintain their positions in the marketplace, BlockDAG is fast becoming a powerhouse, with some analysts suggesting it could surpass stalwarts like Kaspa and Solana. This momentum indicates that BlockDAG is not merely another entry in the crowded crypto arena—it’s a cornerstone for future growth, boasting stellar security and performance. The BlockDAG testnet invites users to delve into its innovative blockchain via a new explorer that offers real-time transaction tracking and supports a variety of transaction types, including both UTXO and EVM-based frameworks. Developers have the ability to link their MetaMask wallets, create tokens, and pilot smart contracts, all within the test environment. These features are tailored to provide a fluid and scalable experience, appealing to those eager to engage with cutting-edge blockchain technology. The success of BlockDAG’s presale has been nothing short of phenomenal. With contributions of nearly $99 million and rapidly approaching the $100 million threshold, forecasts suggest the presale might escalate to $600 million prior to the mainnet launch. Early participants have witnessed returns close to 1960%, sparking a rush of excitement and anticipation across the crypto community. The robust interest from substantial contributors reflects a broad confidence in BlockDAG’s capability to revolutionize the market. Experiencing the BlockDAG network through the testnet, early users gain a practical understanding of its potential. The blockchain explorer provides comprehensive insights, and the faucet feature allows for the minting and testing of BDAG tokens. These preliminary achievements are cementing confidence in BlockDAG’s prospects. Key Insights While the recovery of Cosmos (ATOM) prices and the latest news from Tron are generating attention, BlockDAG emerges as the standout choice for those seeking significant opportunities. Its highly efficient testnet is drawing attention from major players, contributing to a presale that is already one of the most successful in history. With its advanced network and solid community support, BlockDAG is uniquely positioned as we move toward 2025, offering a compelling opportunity for those looking to engage with a pioneering and potentially transformative platform. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.