The post Investors Pick Breakout Crypto BlockDAG Amidst Litecoin and Render Price Reveal Dips in the Offing appeared on BitcoinEthereumNews.com.

As a marketwide correction takes hold, worries of a downtrend with Render and Litecoin dominate despite new developments. Render’s price prediction shows bearish trends, and Litecoin (LTC) whales have not bolstered its value. Amidst these concerns, BlockDAG, a breakout crypto project, has gained traction with a stellar presale, attracting significant inflows. BlockDAG’s advanced crypto miners are driving its growth, with potential yields exceeding 30,000x ROIs. With its presale surging past $54.9 million due to rising investor interest, BlockDAG is positioning itself as a leading investment in the cryptocurrency market. Render Price: Current Trends and Outlook Render (RNDR) is experiencing a bearish trend, with its price stabilizing near the 200-day Exponential Moving Average (EMA) after a significant drop. Over the last two weeks, the price has slumped by nearly 25%, falling below the $10 level. Currently, Render is trading around $7.6, with the $7 level serving as a critical support zone. If this support fails, the price may drop to $5.5. Social metrics indicate declining interest among investors, with social volume and dominance dropping to a three-month low. The volume inflow has decreased by 37% to $78.95 million, and the volume-to-market cap ratio is 2.73%. Render ranks 29th in market capitalization at $2.86 billion, with 388.65 million tokens in circulation. Litecoin (LTC) Whales: Trends and Future Litecoin (LTC) has been in a downtrend, reaching its lowest point since February. Despite this, Litecoin (LTC) whales, investors holding between 10,000 and 1,000,000 tokens, have increased their holdings by 2% since June. This group now holds 56% of Litecoin’s total circulating supply of 74,675,850 LTC, indicating confidence in its future potential despite the recent price decline. The sentiment remains negative, with a weighted sentiment score of -0.021, suggesting a bearish outlook. At press time, Litecoin is trading at $71.58, having dropped 17% in the…

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Filed under: News - @ July 2, 2024 12:22 am