Top Altcoins—Cardano, XRP, and BlockDAG: Whale Transactions and Elections Drive Crypto Market Optimism

As Cardano and XRP build momentum in the market, BlockDAG (BDAG) emerges, transforming expectations from crypto presales. This week, Cardano spiked 76%, supported by $11.5 billion in whale transactions, signaling a renewed interest. Meanwhile, XRP’s 22% increase after the election reflects a consistent pattern of growth during U.S. election cycles, indicating potential upcoming gains.

However, BlockDAG’s presale has outperformed these achievements, amassing over $122 million swiftly and achieving a 2240% return from its initial stages. With DAG-PoW hybrid technology for efficient, scalable transactions, BlockDAG’s recent testnet has introduced NFT minting, staking, and more. Its advanced technology and high return potential set it apart from well-established contenders like ADA and XRP in the 2024 market.

Cardano Climbs 76% as Whales Engage, Yet Signals Caution

This week, Cardano has surged 76%, ending a three-month flat period and drawing whales back into the market, with about $11.5 billion traded over five days—its highest since May. This suggests a growing trust in Cardano’s value as large players reengage, potentially steadying its price path.

However, caution is advised by technical indicators. The Relative Strength Index (RSI) for Cardano is now in the overbought zone, typically preceding short-term declines. If ADA fails to maintain its $0.54 support, a downturn to $0.46 might occur should the momentum decrease. Conversely, a rise above $0.59 could signal further increases, marking a crucial juncture for evaluating Cardano’s future. 

Potential for a Major XRP Rally?

Post-U.S. election, XRP seems set for a significant movement, continuing its pattern of forming symmetrical triangles before elections, then experiencing strong surges. This trend started post-2016 election, leading to an unprecedented rise of 60,000% to its highest value of $3.31 in 2017.

With the election of pro-crypto candidate Donald Trump, the outlook for digital currencies has turned favorable. Analyst Mikkybull points to a possible surge for XRP, following its recent 22.46% gain in November. Although future prices are uncertain, XRP’s record around election cycles suggests substantial growth potential ahead.

BlockDAG Sets New Presale Record with Over $122M Raised

BlockDAG has shattered expectations, quickly raising over $122 million and establishing itself as the top presale this decade. It’s quickly becoming a favorite in the crypto community, sparking enthusiasm for its future possibilities.

Since its testnet launch on September 20, 2024, complete with a blockchain explorer, BlockDAG has achieved a significant milestone toward its mainnet development debut. The testnet allows users to test the system’s capabilities, featuring in-depth block data, coin creation through a faucet, and transactions via MetaMask.

Participants can also test smart contracts, trying out features like NFT creation, staking, and coin burning. BlockDAG’s technology may soon exceed that of networks like Kaspa and Solana, attracting more interest.

From its initial batch to the 26th, the presale has yielded a 2240% return, with the current price at $0.0234. With 45 batches planned, returns might climb to 4,900%, and BDAG could reach $30 by 2030. The introduction of the BULLRUN100 code, offering a 100% bonus on BDAG purchases, has greatly increased interest, doubling participants’ holdings and enhancing potential profits in this rapidly evolving market. BlockDAG represents a notable chance for substantial growth.

Final Thoughts

Cardano’s tight pricing suggests that a breakout could provide profitable opportunities for attentive traders. Whether ADA rises above $0.37 or falls below $0.33, the next shift will indicate market direction. Meanwhile, Ripple faces ongoing legal issues, yet XRP’s consistent performance reflects solid trust among market participants.

Nevertheless, BlockDAG emerges as the most intriguing prospect, with its presale bringing in over $122 million. With current returns at 2100% and potential for up to 4,900%, it offers unmatched growth opportunities. As the presale wraps up, acting promptly could set you up for considerable future profits—sometimes, making bold, timely moves is key to success.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.