Ripple President Monica Long predicts that an XRP ETF is “inevitable,” noting that tokenized assets are increasing institutional interest in cryptocurrency. Meanwhile, technical analysis suggests a healthy mid-term uptrend for Fantom (FTM) price.
On the other hand, BlockDAG (BDAG) is experiencing a significant boost in presale numbers due to technological advancements and endorsements from influential figures in the crypto world. This surge underscores BlockDAG’s rising momentum with $49.2 million in presale success, setting it apart from other cryptocurrencies due to its innovative technology and strong community support, emerging as one of the top altcoins for June 2024.
Ripple President Predicts Inevitable XRP ETF
Ripple President Monica Long predicts that an XRP ETF is “inevitable,” citing significant trading volume and market cap as key drivers of institutional interest.
In an interview with CNBC, Long highlighted regulatory clarity in the US and the potential impact of an XRP ETF.
She noted that tokenized assets and Bitcoin ETFs are increasing institutional interest in cryptocurrency. Long’s remarks follow Ripple CEO Brad Garlinghouse’s prediction of XRP ETF approval by 2025. Additionally, Long mentioned a stablecoin project set to launch by the end of 2024, emphasizing XRP’s continued role as a bridge asset.
Fantom Price: Bullish Trends Amid Netflows
Analyzing Fantom (FTM) price reveals its potential, highlighted by net exchange outflows, indicating investor confidence and reduced trading supply. The price, currently above the Ichimoku cloud’s baseline, suggests a mid-term uptrend with possible targets of $0.88 and $0.97.
However, if it drops below the cloud, support may be found around $0.73 or $0.647. The RSI trending upwards near 60 indicates building bullish momentum. Negative netflows imply long-term holding by investors, supporting a healthy uptrend. Monitoring the Ichimoku cloud is crucial as it acts as support and resistance, with a return to the cloud signaling potential bearish shifts.
Crypto Influencer Endorses BlockDAG’s Layer 1 Blockchain Tech
BlockDAG is experiencing a surge in presale numbers, significantly boosted by endorsements from high-profile crypto experts. These endorsements have captured the attention of a wide audience, leading to an impressive presale performance. In a recent video, expert CryptoTrainer praised BlockDAG as an exceptional investment opportunity, highlighting its cutting-edge layer 1 blockchain technology, proof of work algorithm, DAG structure, and the Keynote videos.
BlockDAG’s technological advancements, as detailed on its WIKI page, include the implementation of the Detailed Acyclic Graph (DAG) structure, which allows for concurrent transaction processing. This significantly enhances network scalability by handling a much higher volume of transactions per second (TPS), reducing latency, and increasing throughput.
Additionally, BlockDAG combines Proof-of-Work (PoW) consensus with the DAG structure to ensure robust security. Transactions are validated through cryptographic puzzles, and the cumulative PoW approach makes it difficult for malicious actors to alter transaction history. This hybrid approach mitigates double-spending and maintains transaction integrity, ensuring a secure and reliable network.
This glowing recommendation of leading crypto expert CryptoTrainer has significantly increased BlockDAG’s presale figures, reaching $49.2 million. The platform has entered Batch 18, with 11.4 billion coins sold. This growing interest underscores the strong market traction and community support that BlockDAG is building.
Conclusion
Amid XRP’s imminent ETF approval and a bullish forecast for Fantom’s price, BlockDAG’s impressive presale performance, driven by influential endorsements, marks it as a standout in the crypto space. BlockDAG’s unique proof-of-work mechanism and DAG structure position it as a top layer 1 crypto. Influential figures endorsing the project have propelled presale, which have now reached the 18th phase, totaling $49.2 million. As BlockDAG continues to attract a growing user base and strong community engagement, it emerges as the top altcoin for June 2024, showcasing a promising future.
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
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