The post BlockDAG Sets Testnet Live: Foreseeing 30,000X ROI as ICP and Monero Display Resilience appeared on BitcoinEthereumNews.com.

As 2024 approaches, the crypto community is keeping a close eye on the movers and shakers within the market. Recent developments have seen Internet Computer (ICP) surge by over 13% in just 24 hours, while Monero (XMR) has also impressed with a solid 12% gain over the past month. Amidst these significant movements, BlockDAG is emerging as a particularly intriguing prospect. With the activation of its Testnet, BlockDAG is rapidly accelerating, showcasing its technical prowess and bolstering market confidence. This pivotal step forward is part of a broader strategy that includes an ambitious roadmap aiming for a 30,000x ROI, positioning BlockDAG as a potentially transformative force in the 2024 crypto landscape. ICP’s Recent Surge: A Sign of Things to Come? ICP’s recent price increase to $8.71, following a robust 13% jump, reflects a renewed investor interest, buoyed by heightened trading volume and an active presence on social platforms. Although some analysts are optimistic, projecting a potential rise to $19 if the bullish trend persists, there are cautionary signals. The current “greed” status on the fear and greed index may suggest an impending correction. Moreover, a tilt towards short positions in the long/short ratio indicates that the market might be gearing up for a downturn. Analysts are watching the $9.4 resistance level closely; failure to breach this could see ICP retracting to around $6.9, a critical support to monitor. Monero: Steady Gains Fuel Market Optimism Monero’s recent 12% uptick has not only restored investor interest but also solidified its position above the $165 mark. Despite a tumultuous market, Monero’s emphasis on privacy and security continues to endear it to investors looking for reliable assets. Though Monero is currently trading well below its peak of $517, the potential for growth remains, especially if broader market conditions align favorably. Nonetheless, investors are advised…

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Filed under: News - @ September 21, 2024 8:04 pm