Experts See BlockDAG Hitting $600M Target in Just 2 Months! TRON Rises & Polkadot Shows Bullish Signs
The post Experts See BlockDAG Hitting $600M Target in Just 2 Months! TRON Rises & Polkadot Shows Bullish Signs appeared on BitcoinEthereumNews.com.
Crypto adoption is speeding up as TRON (TRX), Polkadot (DOT), and BlockDAG (BDAG) make significant strides this week. TRON’s price is climbing, helped by token reductions and positive market trends, while Polkadot nears an important growth point after some setbacks. Meanwhile, BlockDAG is gaining more users quickly due to its strong presale results, already nearing the $100 million mark. With this fast presale pace, analysts believe it will reach the lofty $600 million goal in two months. These three projects are now big topics of discussion as people decide where to invest next. TRON (TRX) Price Climbs with Token Reductions TRON’s price is picking up as it keeps cutting down its token supply, having recently destroyed over 10 million tokens. This reduction took the total from 88.97 billion to 86.56 billion TRX, shrinking the supply by about 2.93% each year. TRX is now at $0.163, up 4% on the last day. Although market signals like the Ichimoku Cloud give a hopeful outlook, its price is still quite changeable. The Directional Movement Index (DMI) shows fair strength, and exponential moving averages overall suggest a bullish trend. Polkadot Could Surge Past $4.27 Resistance Predictions for Polkadot suggest it’s ready to break past a tough resistance level at $4.27. Currently, at $4.25, Polkadot’s Relative Strength Index (RSI) hints at a balance, pointing to a likely rise. The RSI has just gone above the signal line, a positive sign, and the price has reached the 50-day Simple Moving Average (SMA), boosting confidence for a potential increase. With derivative traders showing more interest and trading volumes up by over 20%, the altcoin seems ready to exceed the resistance, aiming for a higher target of $4.64. BlockDAG’s Presale Zooms Toward $600M Goal BlockDAG’s presale is nearly hitting the $100 million mark, with over $99 million raised…
Filed under: News - @ October 21, 2024 8:25 pm