October Is Shaping Up to Be a Big Month for NEAR Protocol, Uniswap Labs, and BlockDAG

October has come in swinging with NEAR Protocol, Uniswap Labs, and BlockDAG drawing in more attention.

As we enter the final quarter of 2023, several cryptocurrencies are attracting attention in the market. Among them, NEAR Protocol (NEAR), Uniswap Labs (UNI), and BlockDAG (BDG) have made significant headlines in recent weeks. Here's a closer look at their latest updates and how they're impacting the crypto landscape.

NEAR Protocol Surges With Bullish Prediction for October

The NEAR Protocol price has seen a 50% surge in the past two weeks, continuing its strong performance in the market. The NEAR token price is currently facing resistance at $5.74, following a massive rally from its lows around $3.80. However, the bullish momentum is still strong, with traders optimistic about further gains.

According to the NEAR Protocol prediction for October, the altcoin is expected to rise to $7.47, indicating a potential 45% rally from its current price. This bullish outlook is supported by a positive funding rate and strong momentum indicators, suggesting that NEAR could be poised for a breakout to new highs soon.

If NEAR fails to break through its resistance or flip $6.37 into support, it could consolidate around $5.13. However, the sentiment is largely bullish, with traders keeping a close eye on NEAR's potential breakout to new highs in the coming weeks.

Uniswap Labs Sees $51 Million Revenue Jump From Fee Increase

Uniswap Labs has earned an impressive $51 million in the past six months, thanks to a fee increase on direct swaps through the Uniswap Interface. This change, introduced in April, has significantly boosted the decentralized exchange's bottom line, ultimately aiding in further research and development.

Despite not having a profit-sharing program, Uniswap Labs uses these earnings to build reserves for future projects, including the upcoming V4 protocol. Notably, although Uniswap operates on other chains, its activity is highest on Ethereum.

This fee increase highlights how Web3 can be monetized sustainably, showcasing the potential for decentralized platforms to generate revenue while catering to a vast and engaged user base.

Yahoo, Fox News Back BlockDAG as 2024's Top Altcoin Contender

As we approach 2024 in the crypto market, several altcoins are vying for attention, and BlockDAG (BDG) has emerged on the radar of mainstream finance news outlets. Both Yahoo Finance and Fox News have highlighted BlockDAG in their recent coverage.

This recognition comes as BlockDAG continues to expand its community and boasts a Layer 1 blockchain that combines decentralization, speed, and scalability. The project has raised over $80 million so far, with 13.3 billion coins sold in total. Currently, BlockDAG is priced at $0.0192 in batch 23 of its presale, with batch 24 approaching in a matter of days.

What sets BlockDAG apart is its unique approach to solving common blockchain issues. Their Layer 1 blockchain design includes smart contract support, secure mining capabilities, and enhanced transaction throughput, garnering attention from crypto enthusiasts and industry experts alike.

The BlockDAG team's efficient strategy and long-term growth focus have made BDG one of the most promising cryptocurrencies in the market today, with some projecting up to 30,000x ROI. This mix of BlockDAG's layer 1 blockchain technology and community-first mindset has the project poised to meet some of the most ambitious projections in the altcoin market, making it a crypto to watch as we head into 2025.

The fourth quarter of 2023 has kicked off with some exciting developments in the crypto world. NEAR Protocol (NEAR) continues to attract attention with its impressive price performance and a bullish prediction for October. Uniswap Labs (UNI) has also made headlines with a $51 million revenue increase from a fee adjustment on direct swaps.

Meanwhile, BlockDAG (BDG) is garnering mainstream recognition from Yahoo Finance and Fox News, positioning it as a top altcoin contender for 2024. With its expanding community, unique Layer 1 blockchain, and early batch presale prices, BDG is certainly a cryptocurrency to keep an eye on.

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