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Near Protocol and Polkadot have demonstrated impressive metrics and promising trends amidst the cryptocurrency market’s significant growth. While Near Protocol witnessed a significant increase in market capitalization and trading activities, Polkadot also experienced notable price increases and maintained trading stability.
However, BlockDAG Network sets itself apart with its advanced control panel designed to enhance user experience, enhance transparency and community engagement. Pushing BDAG’s 30,000x ROI potential with $100 million in liquidity and a successful pre-sale of $27.7 million, BlockDAG’s introduction of new features represents a significant advancement in the cryptocurrency space.
Outstanding Performance of Near Protocol in Q1
Near Protocol, a decentralized application platform, has seen significant growth in the first quarter of 2024, boosting key metrics and propelling its native token, NEAR. A report by Messari revealed that NEAR’s market cap increased by 94% to $7.2 billion, while its fully diluted market cap increased by 91% to $8.2 billion, positioning it among the top 20 cryptocurrencies. Revenue from transaction fees increased 82% to $1.9 million; average daily active addresses increased by 42% to 1.2 million, and new daily addresses increased by 37% to 236,000.
Moreover, transaction activity witnessed a 78% increase to 4.3 million daily transactions, while the total value locked (TVL) increased by an impressive 163% to $335 million. Additionally, daily decentralized exchange (DEX) volume, led by Ref Finance, reached an average of $8 million. As a result, NEAR’s stablecoin market cap increased by 176% to $214 million, driven by USDT rising a remarkable 1,155% to $88 million. Despite trading 64% below its 2022 peak, NEAR’s consistent performance and positive trends suggest significant growth potential for 2024.
Polkadot’s Bullish Momentum: Can It Be Sustainable Above $7.00?
After establishing support above $6.00, Polkadot price entered a significant uptrend, surpassed several resistance levels near $6.75 and briefly surpassed $7.25. A correction to $7.46 reflects the trends observed in Ethereum and Bitcoin. The price then declined below the $7.25 support zone and the 23.6% Fibonacci retracement level from the $6.03 low to $7.46 low.
It is now trading above $7.00 and the 100-period simple moving average (4-hours). Immediate resistance is near $7.25, with the next significant resistance located at $7.50, where a short-term expanding triangle is forming. A break above $7.50 could trigger a strong rise and potentially push the price towards $8.00, with major resistance expected at $8.80. Conversely, failure to surpass $7.25 could lead to further declines, with initial support at $7.00 and larger support at $6.75 or the 50% Fibonacci retracement level.
BlockDAG’s Dashboard Upgrade: Driving Transparency and Growth
BlockDAG’s advanced dashboard offers a variety of features aimed at improving user experience and increasing transparency. As a result of this amazing upgrade, BlockDAG pre-sales skyrocketed to $1 million per day! With this upgrade, users accessing the dashboard are greeted with the latest announcements and current community rankings. Additionally, the Wallet section simplifies purchase tracking and balance checks, while Leaderboard and Transactions previews provide insight into top purchases and recent transaction histories. Additionally, the referral screen displays earnings from referral links, encouraging community growth through word of mouth.
The Leaderboard divides the top 30 investors into categories, from Cancers to Whales, based on their purchase amount. Additionally, a detailed view of purchase histories and live transactions in the Transactions section increases transparency and ease of use. Backed by $100 million in liquidity at launch, BlockDAG is supported by tier 1 market makers and exchanges, ensuring market stability and investor confidence. With over $27.7 million raised in the pre-sale and a cryptocurrency price of $0.008, BlockDAG is aiming for long-term growth.
BlockDAG’s marketing initiatives have garnered significant global attention, particularly following its standout exhibition at London’s Piccadilly Circus, increasing BlockDAG’s 30,000x ROI potential. This strategic move showcased BlockDAG’s goals and attracted the attention of international investors. The project’s success in pre-sale, reaching its 13th batch, highlights the effectiveness of the marketing strategy and sets a hopeful tone for its future.
Final Thoughts
As a result, Near Protocol and Polkadot have demonstrated remarkable growth and stability, while BlockDAG’s advancements set it apart from others. Near Protocol’s market cap growth, transaction activity, Polkadot’s price movements and trading support highlight its strengths. But BlockDAG’s upgraded dashboard, along with a significant $100 million in liquidity and $27.7 million in successful presales that improve user experience and promote transparency, underscore the potential for 30,000x ROI in the cryptocurrency arena.
Join the BlockDAG Pre-Sale Now:
Website: https://blockdag.network
Pre-sale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu