Layer 1 Blockchain BlockDAG Signals Domination Intent with Moon-Themed Keynote, Outclass Toncoin and Stellar Price Predictions

June 7, 2024
·
3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Toncoin and Stellar have dominated headlines with their high surge potential in a market primed for a breakout. Amidst these developments, BlockDAG, a layer 1 blockchain project, is making waves. BlockDAG's recent keynote highlighted the technical prowess of its X10 crypto miner. This event has significantly boosted its presale, now surpassing $42.3 million. The Toncoin ecosystem and Stellar price prediction continue to capture attention, but BlockDAG's innovative approach and strong presale performance position it as a formidable contender in the crypto space.

Toncoin Ecosystem: Performance and Technical Indicators

Toncoin serves as the native token of the TON ecosystem, with multiple use cases. Recently, it saw a notable price rise with the launch of Notcoin (NOT). Despite this, Toncoin has formed a Double-Top chart pattern, usually followed by a price decline. In the past day, trading volume dropped by 10% to $152 million, indicating a bearish trend. TON decreased by -0.39% over the last 24 hours, with a market cap of $15.52 billion and a trading price around $6.44.

i38

Technically, Toncoin trades above the 1-day Simple Moving Average (SMA) but below the range in the 4-hour timeframe. The 4-hour MACD signals a bearish trend, as histograms trend below the zero line. Key resistance and support levels are at $7.677 and $4.688, respectively. Breaking below $4.688 could push the price to $3.34, while breaking above $7.677 might lead to new highs.

Stellar Price Prediction: Stability and Potential Upsurge

Stellar Lumens (XLM) is known for its quick, cost-effective cross-border transactions. Despite market volatility, XLM has remained stable, trading at $0.10 for weeks with moderate volume and a bearish sentiment. Some analysts, like Javon Marks, believe this stability might precede a significant rise. He predicts a possible surge to $0.681, a 495% increase from its current value.This Stellar price prediction has attracted considerable attention. Stellar's focus on low-cost cross-border payments makes it a strong candidate for future growth. However, XLM has lagged behind top cryptocurrencies, trading below its 200-day SMA and experiencing green days only 30% of the time last month. Down 88% from its all-time high, Stellar faces potential long-term challenges, but its core strengths offer hope for recovery.

BlockDAG: Keynote Highlights and X10 Crypto Miner

BlockDAG recently made waves with its second keynote, emphasizing its technical advancements. The keynote introduced the X10 crypto miner, a compact, efficient device with a 100 MH/s hash rate and potential daily output of 200 BDAG. Designed for home use, it operates quietly at just 40 watts and supports Wi-Fi and Ethernet connections. This development highlights BlockDAG's commitment to user-friendly mining solutions.

i37

The keynote also detailed BlockDAG's achievements, including launching its mainnet and expanding its ecosystem. Recognized by Forbes and Bloomberg, BlockDAG's innovative layer 1 blockchain technology employs a Directed Acyclic Graph (DAG) for efficient, concurrent operations. This technology eliminates the need for traditional miners, confirming multiple transactions simultaneously, enhancing scalability, speed, and security.

BlockDAG's presale has surged past $42.3 million, attracting significant investor interest. The comprehensive roadmap includes over 45 development updates, the release of the X1 miner app beta, and preparations for a mainnet launch within the next four months. These milestones, coupled with global marketing efforts, position BlockDAG as a formidable player in the cryptocurrency space.

Key Insights

While Toncoin and Stellar have shown promising aspects in the cryptocurrency market, BlockDAG’s innovative approach and successful presale highlight its potential as a leading layer 1 blockchain project. Investors seeking the next big opportunity should consider BlockDAG's technological advancements and growth prospects. For those ready to take the plunge, linking back to BlockDAG’s website and investing in the presale could be a strategic move in this dynamic market.

i36

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Learn how FMCGs build powerful distribution networks and apply these strategies to grow your startup. Join us this September at Pitch Friday. Register free here.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

Other Stories

43b, Emina Cres, Allen, Ikeja.
 Techpremier Media Limited. All rights reserved
magnifier