Near Protocol and Polkadot have shown impressive metrics and promising trends amid significant growth in the cryptocurrency world. Near Protocol saw a substantial rise in its market cap and transaction activity, while Polkadot experienced a notable price ascent and trading stability.
However, BlockDAG Network stands out with its upgraded dashboard, which enhances user experience and boosts transparency and community engagement. With $100 million in liquidity and a successful $26 million presale, BlockDAG’s new features mark a significant development in the crypto space.
Jump Ahead To:
NEAR Protocol’s Remarkable Q1
In Q1 2024, Near Protocol, a dApp platform, experienced significant growth, boosting key metrics and advancing its native token, NEAR. For instance, a Messari report highlighted NEAR’s market cap rising 94% to $7.2 billion and a 91% increase in its fully diluted market cap to $8.2 billion, positioning it among the top 20 cryptocurrencies. Moreover, revenue from transaction fees soared 82% to $1.9 million, with average daily active addresses increasing 42% to 1.2 million and new daily addresses up 37% to 236,000.
Furthermore, transaction activity saw a 78% rise to 4.3 million daily transactions, and TVL grew 163% to $335 million. Additionally, the DEX volume averaged $8 million daily, led by Ref Finance. As a result, NEAR’s stablecoin market cap grew 176% to $214 million, driven by USDT’s 1,155% increase to $88 million. Despite trading 64% below its 2022 peak, NEAR’s consistent performance and positive trends suggest substantial growth potential for 2024.
Polkadot’s Bullish Run: Can It Sustain Above $7.00?
After establishing a base above $6.00, Polkadot’s price began a notable ascent, surpassing several resistance levels around $6.75 and even briefly exceeding $7.25. It peaked at $7.46 before starting a correction, mirroring Ethereum and Bitcoin’s trends. Consequently, the price then dropped below the $7.25 support zone, falling under the 23.6% Fibonacci retracement level of the rise from the $6.03 low to the $7.46 high.
Currently, DOT is trading above $7.00 and the 100-period simple moving average (4 hours). Immediate resistance is near $7.25, with the next significant resistance at $7.50, where a short-term expanding triangle is forming. Breaking above $7.50 could initiate a strong rally, potentially pushing the price towards $8.00, with major resistance at $8.80.
However, if DOT fails to rise above $7.25, it may continue to decline, with initial support at $7.00 and further major support at $6.75 or the 50% Fibonacci retracement level.
BlockDAG’s Dashboard Upgrade: A New Era of Transparency and Growth
BlockDAG’s upgraded dashboard introduces several new features to enhance the user experience. Upon accessing the dashboard, users are greeted with the latest announcements and their current rank within the community. Additionally, the Wallet section simplifies purchase tracking and balance checks, while the Leaderboard and Transactions previews offer insights into the highest purchases and recent transaction histories. Furthermore, the referral screen shows earnings from referral links, encouraging community growth through word-of-mouth.
The Leaderboard page categorizes the top 30 investors based on their purchase amounts, ranging from Crabs to Whales. Moreover, the detailed view of purchase histories and live transactions in the Transactions section promotes transparency and ease of use. Supported by $100 million in liquidity at launch, BlockDAG is backed by tier 1 market makers and exchanges, ensuring market stability and investor confidence. With over $26 million raised in presale and a coin price of $0.0075, BlockDAG aims for long-term growth.
BlockDAG’s marketing initiatives have garnered significant global attention, particularly following its prominent display at Piccadilly Circus in London. Consequently, this strategic move showcased BlockDAG’s ambitions and attracted international investors. Thus, the project’s success in presale, reaching its 12th batch, highlights the effectiveness of its marketing strategy and sets a promising tone for its future.
The Last Say
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, Polkadot’s price movements, and trading support highlight their strengths. However, BlockDAG’s upgraded dashboard, which enhances user experience and promotes transparency, along with substantial liquidity and a successful presale, underscores 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
The post NEAR and Polkadot Bullish in Q2, BlockDAG’s Dashboard Upgrade Impresses Analysts with Transparency appeared first on Blockonomi.