Monero (XMR) Price, ThorChain Trading Volume, Best Upcoming Crypto 2024: BlockDAG

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Monero and THORChain are seen as solid choices for market recovery, with optimistic predictions for their rise. However, investors are increasingly backing BlockDAG as the best upcoming crypto for 2024. BlockDAG has introduced a new dashboard update, enhancing community experience and transparency. The project’s presale has raised over $31.2 million, showcasing significant investor confidence. BlockDAG’s powerful mining rigs and the soon-to-launch X1 mining app are highly anticipated. This positions BlockDAG as a promising investment alongside Monero (XMR) Price and ThorChain Trading Volume.

Monero (XMR) Price: Stability and Growth

Monero (XMR) has maintained gains from its $100 support level, trading at $133.56 with an intraday drop of 1.89%. The cryptocurrency has a monthly return ratio of 16.20% and a yearly return ratio of 13.20%. Its market cap is $2.47 billion, and the XMR/BTC pair is at 0.00217 BTC. Analysts suggest bullish momentum could push the price above $150 soon.

The Monero (XMR) price surged 17% following LocalMonero’s shutdown announcement. Transaction counts rose from 22k to 37k last month, and intraday trading volume increased by 23.89% to $40.70 million. The support levels are $128 and $120, with key hurdles at $140 and $150.

THORChain Trading Volume and Market Growth

THORChain (RUNE) is known for its decentralized liquidity network that enables cross-chain swaps. Recently, ThorChain Trading Volume surged by 51.8%, reaching a traded value of $502.65 million, which is 22.12% of its market cap. The market cap has increased by 18% to $2.211 billion, making it the 51st largest cryptocurrency globally. The total value locked (TVL) in THORChain is $356.17 million, resulting in a market cap/TVL ratio of 6.27.

THORChain’s price has advanced above the 50-day and 200-day EMAs, indicating a strong uptrend. The derivatives market shows a significant short liquidation of $341.8K compared to a long liquidation of $30.09K, signaling bullish sentiment. The MACD and RSI indicators also support this bullish outlook, with resistance levels at $7.810 and $10.620 and support levels at $3.710 and $5.50.

BlockDAG (BDAG) Presale Shines With $31M

BlockDAG has emerged as a strong contender in the cryptocurrency market, attracting significant investor interest. With a presale that has raised over $31.2 million, BlockDAG is in its 14th batch, priced at $0.0085, and has sold more than 9.4 billion coins. This success is underscored by BlockDAG’s appearance in London’s Piccadilly Circus, highlighting its potential.

A major highlight of BlockDAG is the upcoming launch of the X1 mobile miner app on June 1st. This app promises to revolutionize crypto mining by enabling everyday smartphones to mine BDAG coins efficiently. The app is designed to be user-friendly, allowing individuals with limited technical knowledge to participate in mining and potentially earn up to 20 coins daily. This innovation democratizes access to crypto earnings and optimizes resource usage.

BlockDAG has also unveiled a new dashboard update on its website, introducing features that enhance community experience and transparency. The dashboard includes a hot news section, wallet functionalities, leaderboard previews, and a referral screen. This comprehensive update ensures that users can access the latest information and track their investments effectively.

Analysts predict a potential ROI of 30,000x for BlockDAG investors, with projections foreseeing the coin’s value reaching $30 by 2030. This makes BlockDAG a highly attractive investment opportunity, supported by its robust technology, strategic marketing, and swift mainnet launch plans.

Key Insights

While Monero (XMR) and THORChain (RUNE) offer significant market potential, BlockDAG (BDAG) stands out as the best upcoming crypto for 2024. With its presale raising over $31.2 million and the launch of the X1 mining app, BlockDAG demonstrates strong investor confidence. The new dashboard update enhances transparency and community engagement. Compared to Monero (XMR) Price stability and ThorChain Trading Volume growth, BlockDAG’s innovative approach and robust presale success make it a top choice for investors seeking the best upcoming crypto in 2024.

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About the Author: Daniel