The post BlockDAG’s Team AMA, Solana Ecosystem, XRP Price Prediction appeared on BitcoinEthereumNews.com.

BlockDAG Team Answers Community Questions About The $65M Presale; Can It Outperform Solana & XRP? Solana’s ecosystem is experiencing a surge in decentralized applications, drawing considerable attention from investors. Meanwhile, XRP’s price prediction is under the spotlight, with analysts eyeing key resistance levels that could potentially propel it toward significant gains. Meanwhile, BlockDAG is making strides with its presale, having reached $65 million in batch 21. The team’s recent AMA session highlighted BlockDAG’s milestones and long-term utility, such as its mining machines and EVM compatibility, reinforcing BDAG’s potential to reach the $1 mark and be the best long-term crypto investment. DApps Growth Drive Activity in Solana Ecosystem  The Solana ecosystem has experienced a noticeable increase in on-chain activities, fueled by the performance of its decentralized applications (DApps) like Raydium, Pump.Fun, and Jito. These DApps have collectively contributed to a surge in daily active addresses, which recently crossed the 2 million mark, indicating growing user interest. Raydium, leading in trading volume among Solana DEXs, saw significant fee generation, while Pump.Fun capitalized on the meme coin craze. Jito, on the other hand, dominated the Maximal Extractable Value (MEV) niche, contributing $36 million in MEV tips in July. Despite these positive developments, the Solana ecosystem’s bullish sentiment has not yet reflected in the price, which saw a recent decline. The Solana ecosystem remains a key player in the crypto space. XRP Price Prediction: Move Up on the Horizon? XRP’s price movement remains under close scrutiny as it trades within a multi-year symmetrical triangle pattern, a formation often preceding significant price shifts. Analysts note that XRP could see a major upsurge if it manages to breach key resistance levels, particularly around $0.9038. Currently, XRP faces a bearish trend, with its price hovering at $0.5628, below the crucial 0.5 Fibonacci retracement support. The Ichimoku Cloud…

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Filed under: News - @ August 9, 2024 5:26 pm