In the most recent updates from the world of cryptocurrency, Chainlink (LINK) has established a strategic partnership with Celo Network, despite its subdued market performance. Meanwhile, there is uncertainty looming over Render (RNDR) as predictions indicate a potential downward trend. Amidst these fluctuations in the market, BlockDAG (BDAG) emerges as a groundbreaking Layer 1 cryptocurrency that addresses the longstanding challenge of balancing speed, security, and scalability in blockchain technology. Following its recent Keynote 2 event with a moon theme, BlockDAG witnessed an astonishing 1000% surge in price, claiming the top position on CoinSniper and generating over $46.8 million in presale earnings.
Render’s potential breakout remains uncertain as its technology, which utilizes decentralized GPU rendering, experienced a 35% increase in trading price due to market momentum. However, after reaching a peak at $11.5, Render entered a consolidation phase, accompanied by a 9.4% decline in trade volume, casting doubt on its breakout prospects. The support levels for Render currently stand at $5.60 and $7.0, with resistance levels at $13.5 and $15.0.
In other news, Chainlink has joined forces with the Celo Foundation, a mobile-first Layer 2 blockchain on Ethereum focused on facilitating fast and cost-effective global payments. This collaboration will incorporate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance security and interoperability for transactions on the Celo network. Despite this strategic partnership, there has been no significant upward movement in LINK’s price.
BlockDAG has made waves on CoinSniper following the success of its viral Keynote 2 presentation, which outlined advancements in its DAG-based PoW consensus, global marketing strategies, and development roadmap. The innovative technology of BlockDAG, featuring advanced Layer 1 capabilities and parallel transaction processing, has significantly improved its speed and security. The surge in value by 1000% post-keynote propelled BlockDAG to the top spot on CoinSniper, with presale earnings skyrocketing to $46.8 million.
BlockDAG’s remarkable progress in the cryptocurrency space, surpassing competitors and establishing itself as a frontrunner, is evident in its prestigious ranking on CoinSniper, suggesting a potential ROI of 30,000x as predicted by analysts. By integrating Block & DAG technology to address the blockchain trilemma effectively, BlockDAG is positioned as a leader in resolving critical issues that have plagued established cryptocurrencies.
The exceptional 1000% ROI achieved by BlockDAG post-keynote, along with its impressive presale earnings of $46.8 million, solidifies its position as the standout cryptocurrency of 2024. While Render faces challenges in the market and Chainlink expands its partnerships, BlockDAG’s success on CoinSniper mirrors the early successes of prominent cryptocurrencies like Doge and Shiba Inu, paving the way for it to become the fastest, most secure, and scalable cryptocurrency available.
Invest in the BlockDAG presale now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
Tags: LINK