The post Layer 1 Market Surge: BlockDAG Raises $59.6M In Presale Amid TRON Active Addresses And Kaspa Price Surge appeared on BitcoinEthereumNews.com.

Feeling uneasy about the unpredictable crypto market? Despite recent downturns in July, some cryptos show great promise. BlockDAG (BDAG) has made headlines with its presale success, raising over $59.6 million and achieving a 1400% price increase from $0.001 to $0.015 in its 20th phase. TRON (TRX) is on an upward trajectory, with an 11.6% price increase and 2.5 million daily active addresses, indicating growing use. Kaspa (KAS) also saw a 13% surge after Marathon Digital mined $16 million worth of KAS, highlighting its high return potential. TRON (TRX) Continues to Climb with Increased Adoption TRON (TRX) has demonstrated strong resilience amid a broader market correction, increasing by 11.6% in the past month to $0.123 and achieving a market cap of $10.73 billion. The number of active addresses on the Tron network has surged to 2.5 million daily, indicating increased adoption and usage. This robust network activity and a bullish trend since November 2023 suggest TRX is poised for further gains. Technical indicators like the Exponential Moving Average (EMA) and the ADX slope indicate a strengthening bullish sentiment, which could enable TRON to break through the $0.143 resistance level. For investors, TRON’s strong performance and growing user base make it a compelling option for potential returns. Marathon Digital’s $16M Kaspa Mining Boosts Token Surge Kaspa (KAS) surged by 13% after Marathon Digital, a leading Bitcoin miner, mined over $16 million worth of KAS to diversify its revenue. This move allows Marathon to benefit from the high margins achievable with Kaspa mining machines, which can reach up to 95%. Over the past month, the token saw a 26% increase, indicating a strong market outlook. Kaspa now ranks 24th globally, with a market cap of $4.2 billion. The GhostDAG protocol, Kaspa’s key feature, allows for faster transactions by enabling multiple block productions simultaneously.…

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Filed under: News - @ July 20, 2024 11:18 pm