In the ever-evolving world of cryptocurrencies, Near Protocol and Polkadot have exhibited remarkable metrics and promising trends. Near Protocol witnessed a substantial surge in its market cap and transaction activity, while Polkadot experienced notable price movements and trading stability. However, BlockDAG Network’s standout feature is its upgraded dashboard, which not only improves user experience but also fosters transparency and community engagement. With $100 million in liquidity and a successful $27.5 million presale, BlockDAG’s enhanced features mark a significant development in the crypto sphere.
NEAR Protocol’s Impressive Q1
During Q1 2024, Near Protocol, a decentralized application (dApp) platform, witnessed significant growth across key metrics, propelling its native token, NEAR, forward. A Messari report revealed NEAR’s market cap surged by 94% to $7.2 billion, and its fully diluted market cap soared by 91% to $8.2 billion, securing its position among the top 20 cryptocurrencies. Transaction fee revenue spiked by 82% to $1.9 million, with average daily active addresses increasing by 42% to 1.2 million and new daily addresses rising by 37% to 236,000.
Moreover, transaction activity surged by 78% to 4.3 million daily transactions, while total value locked (TVL) grew by an impressive 163% to $335 million. Additionally, daily decentralized exchange (DEX) volume averaged $8 million, primarily driven by Ref Finance. As a result, NEAR’s stablecoin market cap witnessed a staggering 176% growth to $214 million, largely propelled by USDT’s remarkable 1,155% surge to $88 million. Despite trading below its 2022 peak by 64%, NEAR’s consistent performance and positive trajectory hint at substantial growth potential for 2024.
Polkadot’s Bullish Run: Sustaining Momentum Above $7.00?
Polkadot’s price embarked on a notable upward trajectory after establishing support above $6.00, surpassing multiple resistance levels around $6.75 and briefly reaching above $7.25. Peaking at $7.46, a correction followed, aligning with the trends observed in Ethereum and Bitcoin. Subsequently, the price dipped below the $7.25 support zone, falling below the 23.6% Fibonacci retracement level from the $6.03 low to the $7.46 high.
Presently, DOT is trading above $7.00 and the 100-period simple moving average (4 hours). Immediate resistance lies near $7.25, with significant resistance at $7.50, where a short-term expanding triangle is forming. A breakthrough above $7.50 could trigger a robust rally, potentially propelling the price towards $8.00, with major resistance anticipated at $8.80. Conversely, failure to surpass $7.25 may lead to further decline, with initial support at $7.00 and major support at $6.75 or the 50% Fibonacci retracement level.
BlockDAG’s Dashboard Upgrade: Pioneering Transparency and Growth
BlockDAG’s upgraded dashboard introduces several new features aimed at enhancing user experience and transparency. Upon accessing the dashboard, users are greeted with the latest announcements and their current community rank. The Wallet section simplifies purchase tracking and balance checks, while the Leaderboard and Transactions previews provide insights into top purchases and recent transaction histories. Additionally, the referral screen displays earnings from referral links, fostering community growth through word-of-mouth.
The Leaderboard categorizes the top 30 investors based on their purchase amounts, ranging from Crabs to Whales. Detailed views of purchase histories and live transactions in the Transactions section promote transparency and ease of use. Supported by $100 million in liquidity at launch, BlockDAG boasts backing from tier 1 market makers and exchanges, ensuring market stability and investor confidence. With over $27.5 million raised in the presale and a coin price of $0.008, BlockDAG sets its sights on long-term growth.
BlockDAG’s marketing initiatives have garnered significant global attention, particularly following its prominent display at Piccadilly Circus in London. This strategic move showcased BlockDAG’s ambitions and attracted international investors. The project’s presale success, spanning 13 batches, underscores the effectiveness of its marketing strategy and sets a promising tone for its future.
The Final Verdict
In conclusion, while Near Protocol and Polkadot have demonstrated notable growth and stability, BlockDAG’s advancements set it apart. Near Protocol’s market cap increase, transaction activity surge, Polkadot’s price movements, and trading support highlight their strengths. However, BlockDAG’s upgraded dashboard, enhancing user experience and promoting transparency, along with substantial $100 million liquidity and a successful $27.5 million presale, underscore its potential in the crypto arena.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
