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Bullish Tron, Injective Price Rise, Trending Cryptocurrencies: BlockDAG

Published

8 months ago

27 May, 2024

DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Do not invest unless you are willing to lose your entire investment. For a full disclaimer, please.

Tron and Injective are gaining attention as bullish investment options, with positive price forecasts. However, BlockDAG is being hailed as the trending cryptocurrency to buy. BlockDAG’s pre-sale raised over $34.2 million, driven by strong optimism around Series X miners. The project also unveiled a new dashboard update, introducing features that improve the community experience and increase transparency . Despite the bullish trends of Tron and Injective, BlockDAG’s progress makes it a point of reference in the cryptocurrency market.

Tron’s bullish momentum

Tron (TRX) is showing strong growth, ranking as the 13th largest cryptocurrency with a market capitalization of $10.9 billion. Currently trading at $0.1255, TRX has gained 2.95% over the past week and 0.36% over the past 24 hours. The network has been actively burning TRX tokens to reduce its supply, recently burning 11,217,045 tokens, highlighting its commitment to value growth. As of today, the total supply of TRX stands at 87,467,762,689.

Tron has also seen an increase in user activity, with 2.4 million daily active addresses as of May 12, 2024, marking a 50% increase from the previous month. This impressive user engagement surpasses platforms like Solana. Additionally, Tron’s decentralized finance (DeFi) protocols have reached a total value locked (TVL) of $8.234 billion. Tron’s bullish momentum is further supported by its technical analysis, which shows strong price upside and continued growth potential.

Increase in injection prices

Injective (INJ) is attracting a lot of attention as a decentralized exchange (DEX) protocol. Recently, it has demonstrated a bullish breakout from a descending wedge pattern, a positive sign for potential price increases. Well-known crypto analyst Jonathan Carter highlighted the potential for INJ to reach price milestones between $27 and $44. Another analyst from World of Charts confirmed the breakout, suggesting a possible rise to $50.

The price injection is further supported by robust around-the-clock trading volume of $252 million, indicating strong market activity and investor interest. The combination of positive technical indicators and high trading volume has led analysts to predict a promising future for Injective. Investors are closely watching a confirmed price breakout, which could result in significant gains in the coming months. If these projections hold true, Injective could be poised for a substantial price increase.

BlockDAG’s dashboard and X-Series miners lead the way

BlockDAG has introduced a new dashboard update on its website, adding several features that improve user experience and transparency. The dashboard now includes a Hot News section for the latest announcements, a current rank view showing user ranks and purchase amounts, and a Wallet feature for managing balances and miners. Additionally, users can view a ranking of top shoppers, a preview of their latest transactions, and a referral screen to track purchases made through referral links and bonuses earned.

The Ranking page shows the top 30 users with the highest purchases, with rankings ranging from Crab ($0 – 99) to Whale ($50,000 and up). The Transactions section is divided into “My Transactions,” which shows purchase history by stage and currency, and “Live Transactions,” which shows instant purchases and order by USD amount. The Profile section allows users to view their ranking and update delivery addresses, adding convenience and customization to the platform.

BlockDAG’s X-series miners are also making waves. The compact and efficient X10 miner offers a hash rate of 100 MH/s, producing up to 200 BDAG per day. The X30 miner triples this efficiency with a hash rate of 280 GH/s, making it suitable for various settings. The powerful X100 miner, with a hash rate of 2 TH/s, can earn up to 2,000 BDAG per day. These advancements solidify BlockDAG’s position as a trending cryptocurrency, attracting investors with its innovative and easy-to-use mining solutions.

The final line

While Tron’s bullish and injective price trends highlight strong investment opportunities, BlockDAG’s $34.2 million presale, innovative dashboard update, and advanced Series X miners position it as a trending cryptocurrency. New BlockDAG dashboard features, including real-time transaction previews and user ranking visualization, improve transparency and user experience. The X10, X30 and X100 miners offer efficient and scalable solutions for different mining needs. This progress, coupled with the strong investor interest shown in the pre-sale, highlights BlockDAG’s potential as a leading contender in the cryptocurrency market.