Influencers Propel BlockDAG to $51.1M Presale Success; DOT And XRP Struggle To Keep Pace
The post Influencers Propel BlockDAG to $51.1M Presale Success; DOT And XRP Struggle To Keep Pace appeared on BitcoinEthereumNews.com.
Polkadot (DOT) recently invested $14 million in its DeFi venture, Hydration, while Ripple (XRP) battles market fluctuations tied to its ongoing SEC lawsuit. Amid these events, BlockDAG has achieved a staggering 1,120% price increase since its initial release earning $51.1 million in presale. Influential voices like Crypto Bull have praised it as the standout crypto jewel of 2024, noting its innovative DAG-based PoW consensus and its potential for exponential returns. In contrast to DOT and XRP, BlockDAG’s continuous updates keep it firmly at the forefront of the ever-changing crypto landscape. XRP’s Price Outlook: Promising Horizons Ahead? Currently trading at $0.4846, XRP has recently been struggling. However, it could see a major upswing by 2025, spurred by the potential approval of Ripple’s ETF. Despite the shadow cast by the Ripple vs SEC case, investor optimism remains strong, holding onto hope that a positive resolution could ignite Ripple’s market value. Polkadot’s Recent Moves: Boosting Hydration Polkadot has allocated more than 2 million DOT tokens, worth $14 million, to bolster Hydration, a DeFi project aimed at improving trading mechanics on its Omnipool platform. The first wave of one million tokens will be distributed yearly, promising returns of over 200% APY to enhance liquidity. Hydration’s innovative single-asset LP system invites users to engage in an incentive farm, streamlining participation. The rest of the tokens are reserved to strengthen the upcoming Polkadot 2.0 ecosystem by building robust native liquidity. Although this strategic move is significant for DOT, its immediate impact on market performance is yet to be determined. Highlight on BlockDAG: A Deep Dive with Crypto Bull’s Keynote 2 BlockDAG is the most advanced Layer 1 cryptocurrency, with rapid development and widespread acclaim from influencers, institutional backers, and crypto enthusiasts alike. YouTube influencer Crypto Bull recently broke down BlockDAG’s second moon-themed keynote, which discussed its…
Filed under: News - @ June 18, 2024 5:22 am