The post BlockDAG Surges 1120%, Impact on Toncoin and Stellar (XLM) Protocol appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Toncoin and Stellar (XLM) Protocol deals with varying fortunes in the wild world of cryptocurrency, enduring market pressures while remaining resilient. While Toncoin struggles to surpass key resistance levels, Stellar continues to enhance its network efficiency through its latest updates, aiming to stay competitive.  Amidst this, BlockDAG rises prominently, with a dashboard revamp that improves user experience and drives an impressive 1120% surge in coin value. This development highlights BlockDAG’s potential to influence the broader crypto landscape significantly, shifting the focus towards its innovative approach. Toncoin Price Tests Resistance Toncoin price recently rebounded to $8.1 but failed to breach the crucial $8.3 level, falling back under $7. The RSI indicates that Toncoin is nearing oversold conditions, with recent values between 33.25 and 36.19. This suggests that Toncoin price may be undervalued, potentially setting the stage for a recovery if bullish factors align. Despite the pullback, the 50-day Moving Average supports the Toncoin price, hinting at ongoing market backing. Additionally, a high 84% of TON holders are profiting at current levels, reflecting strong investor confidence.  Streamlining Stellar Protocol 21 Update Stellar (XLM) Protocol has introduced Protocol 21, enhancing network efficiency and reducing costs. Key updates include CAP-0053.2, which improves contract instance management and optimises fee distribution. These changes help maintain the Stellar (XLM) Protocol as a competitive blockchain network. Additional updates like CAP-0054 and CAP-0055 reduce CPU usage and simplify virtual machine operations, enhancing transaction scalability. CAP-0056 introduces caching mechanisms that streamline contract executions. These improvements solidify Stellar’s (XLM) Protocol commitment to innovation and user experience in the digital currency space. BlockDAG’s Dashboard…

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Filed under: News - @ June 24, 2024 8:18 pm