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NEAR and Polkadot Bullish in Q2, BlockDAG’s Dashboard Upgrade Impresses Analysts with Transparency
The post NEAR and Polkadot Bullish in Q2, BlockDAG’s Dashboard Upgrade Impresses Analysts with Transparency appeared on BitcoinEthereumNews.com. 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. 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 post NEAR and Polkadot Bullish in Q2, BlockDAG’s Dashboard Upgrade Impresses Analysts with Transparency appeared on BitcoinEthereumNews.com.
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. 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…
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