Ripple President Monica Long has forecasted the inevitability of an XRP ETF, emphasizing the rising institutional interest fueled by tokenized assets. Concurrently, Fantom (FTM) displays promising signs of a mid-term uptrend according to recent technical analyses.
Meanwhile, BlockDAG (BDAG) is seeing a remarkable surge in its presale figures, driven by technological innovation and the support of key crypto influencers. This momentum has propelled BlockDAG’s presale success to $50.8 million, establishing it as a premier altcoin for June 2024 due to its pioneering technology and solid community backing.
XRP ETF: An Inevitable Milestone According to Ripple President
Ripple’s Monica Long asserts that an XRP ETF is imminent, pointing to robust trading volumes and significant market capitalization as catalysts for institutional interest. In her CNBC interview, Long discussed the importance of regulatory clarity in the US and the transformative potential of an XRP ETF.
She also highlighted the role of tokenized assets and existing Bitcoin ETFs in drawing more institutional players into the cryptocurrency market. Following Ripple CEO Brad Garlinghouse’s prediction of an XRP ETF by 2025, Long further revealed plans for a stablecoin project expected to launch by the end of 2024, reinforcing XRP’s pivotal role as a bridge asset.
Fantom’s Price Shows Bullish Signals Amid Positive Netflows
Fantom’s (FTM) price analysis reveals a potential uptrend, underscored by net exchange outflows suggesting investor confidence and a shrinking trading supply. Currently positioned above the Ichimoku cloud’s baseline, Fantom is aiming for target prices of $0.88 and $0.97.
Should it fall beneath the cloud, support levels might stabilize around $0.73 or $0.647. An upward-trending RSI near 60 signals increasing bullish momentum. The negative netflows indicate a trend towards long-term holding, supporting a robust upward trajectory. Keeping an eye on the Ichimoku cloud is essential, as it serves as both support and resistance, with any return to the cloud potentially indicating bearish shifts.
Crypto Influencer Boosts BlockDAG’s Technological Credibility
BlockDAG is experiencing a notable increase in presale numbers, significantly buoyed by endorsements from prominent crypto figures. These endorsements have captured widespread attention, leading to a stellar presale performance. In a recent review, renowned CryptoTrainer extolled BlockDAG as an outstanding investment, spotlighting its advanced layer 1 blockchain technology, proof of work algorithm, DAG structure, and insightful Keynote videos.
BlockDAG’s technological breakthroughs include implementing a Detailed Acyclic Graph (DAG) structure, enhancing network scalability through concurrent transaction processing, which dramatically increases transactions per second (TPS), reduces latency, and boosts throughput.
Moreover, BlockDAG combines Proof-of-Work (PoW) consensus with the DAG structure to bolster security. Transactions undergo validation through cryptographic puzzles, and the aggregated PoW approach poses a significant challenge for potential attackers attempting to alter transaction history. This hybrid model effectively prevents double-spending and ensures transaction integrity, promoting a secure and dependable network.
This strong endorsement from CryptoTrainer has significantly uplifted BlockDAG’s presale figures, now totaling $50.8 million. The platform has advanced to Batch 18, with 11.4 billion coins sold. This mounting interest underscores the robust market traction and community support that BlockDAG is cultivating.
Conclusion
Amid the anticipated approval of an XRP ETF and a bullish projection for Fantom’s price, BlockDAG’s impressive presale performance, spurred by influential endorsements, highlights its prominence in the crypto world. BlockDAG’s innovative proof-of-work mechanism and DAG structure affirm its status as a leading layer 1 cryptocurrency.
The strong backing from notable industry figures has accelerated its presale phases, now in its 18th iteration, reaching $50.8 million. As BlockDAG continues to draw a growing user base and robust community engagement, it stands out as the top altcoin for June 2024, signaling a bright future ahead.
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Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu