Staying informed about the latest developments in the crypto world is essential for making sound investment decisions. Recognising this need, BlockDAG
Fresh off a grand reveal of BlockDAG’s CEO, team, and advisory board members, the layer-1 crypto has lined up an AMA session on 30th July to give deep insights into its roadmap and plans.
This initiative comes after a successful presale, where $57.1 million was raised and a 1300% price surge was witnessed. The project aims to bolster investor confidence and hit $10 by 2024.
Meanwhile, NEAR Protocol saw a rise in active users and transactions, leading to a 5.27% price increase. On the other hand, Litecoin faces challenges in its historical 8-year price cycle as it approaches its next peak.
NEAR Protocol Active Users, Transactions Experience Spike
Among major blockchain networks, NEAR Protocol saw the highest number of active addresses in June, totaling 16.9 million.
Furthermore, since the beginning of 2023, NEAR ranked second in terms of new user acquisition. These developments were accompanied by a 5.27% price increase over the last 24 hours, with NEAR currently trading at $4.74.
According to analysts, increased buying pressure and positive market sentiment could lead to a potential price rebound for NEAR.
Litecoin’s 8-Year Price Cycle Anticipates Next Peak
Over the years, Litecoin’s price trends have adhered to an 8-year cycle, which influences its valuation.
Based on historical data, every eight years or so, Litecoin experiences substantial price increases, which tend to coincide with broader market trends and technological advancements.
Analysts have observed that these cycles often correspond with major cryptocurrency market events, contributing to Litecoin’s periodic surges. If history is any guide, as the next peak in the cycle approaches, we could be looking at a price range of $65k to over $100k for LTC.
BlockDAG Leadership to Address Community Queries in AMA Session
The BlockDAG community is preparing for an interactive AMA (Ask Me Anything) session on 30th July. This event is designed to provide an opportunity for community members and potential investors to directly engage with the CEO, executive team, and advisory council. It follows the team reveal on 29th July, where key members of the BlockDAG project will be introduced.
The live AMA session will address various queries from the community, offering insights into BlockDAG’s development, upcoming projects, and strategic plans. Participants will gain a deeper understanding of the project’s vision and technological advancements by directly interacting with the leadership team.
Such events, including the team reveal and AMA session, showcase the project’s commitment to transparency and community engagement. As more investors learn about BlockDAG’s innovative approach and robust development roadmap, interest in the project is expected to surge, impacting the network’s growth and long-term success.
Considering these developments, speculations suggest a potential surge in the BlockDAG coin’s value. With strong community support and growing investor confidence, the coin is projected to reach $10 by 2025.
This price prediction is based on the project’s solid technological foundation, strategic initiatives, and increasing market presence. Currently, priced at $0.014, BlockDAG has already seen a 1300% surge in price from the initial batch. Thus, BlockDAG’s value reflects its growing prominence in the cryptocurrency market as the top crypto to buy in 2024.
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