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BlockDAG Network’s New Hashtag #BlockDAGMoon Takes Over Twitter
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The BlockDAG Network project stands on a new technology that has the potential to change the cryptocurrency industry and the way users interact with digital finance.
Unlike traditional blockchain networks, BlockDAG uses a directed acyclic graph (DAG) structure to achieve greater scalability, faster transaction speeds, and increased security. This innovative approach has caught the attention of both industry experts and the wider public, sparking significant interest and discussion across social media platforms with a new hashtag trending right now #BlockDAGMoon.
The release of the project’s highly anticipated second keynote “From the Moon” is the latest update from the team and it showcases the impressive progress and innovations within the technology.
The Buzz Around Keynote 2: “From the Moon”
The second keynote video from BlockDAG Network has generated immense excitement among its community and beyond. Following the success of their first keynote released in April, the team decided to go even bigger and better, delivering an engaging and informative presentation that delves deep into the latest developments, advancements, and future plans of the project. This video is a testament to BlockDAG’s commitment to transparency and continuous improvement.
Key Highlights from the Keynote
- X1 Miner App Release: One of the standout announcements in the keynote is the release of the X1 Miner app, now available on both the Apple Store and Google Play. This app represents a significant milestone, allowing users to experience the full suite of features including wallet functionalities, send/receive modules, and a community section, all set to be fully integrated before the mainnet launch.
- Mainnet Launch News: The keynote provided crucial updates on the imminent mainnet launch, marking a major step forward in BlockDAG’s journey. This launch promises to bring enhanced capabilities and a more robust blockchain ecosystem.
- Presale Milestone: BlockDAG has successfully raised $36 million and counting in its presale, with a current daily inflow of around $500,000.
- Advancements and FAQs: The video also covers many development updates, answering frequently asked questions and providing a transparent view into the project’s daily progress. This continuous stream of information keeps the community informed and engaged.
BlockDAGMoon Takes Over Twitter
As the second keynote video circulates, the hashtag #BlockDAGMoon has quickly gained traction and gone viral on Twitter, reflecting the widespread excitement and engagement within the community. Users are sharing their thoughts, updates, and support for BlockDAG, contributing to the growing visibility and credibility of the project.
The community is actively discussing the new developments, sharing their excitement about the X1 Miner app, and expressing anticipation for the upcoming mainnet launch. This heightened interaction indicates a deeply engaged and supportive follower base.
The hashtag #BlockDAGMoon has become a trending topic within the crypto circles on Twitter. Users are leveraging this hashtag to share insights, predictions, and their enthusiasm for BlockDAG Network’s future. This viral trend not only boosts visibility but also attracts new followers who are curious about the buzz surrounding the project thereby expanding the project’s reach.
Key influencers in the cryptocurrency space have picked up on BlockDAG’s momentum. Their tweets and retweets amplify the project’s reach, introducing it to a broader audience. These endorsements add credibility and foster a larger community discussion around BlockDAG’s innovations.
BlockDAG Network’s latest keynote and the viral #BlockDAGMoon hashtag represent more than just a series of updates; they represent a movement towards a decentralized, democratic and technological future. The project’s commitment to transparency, advancement, and community engagement sets it apart from other newly launched platforms currently on the market; When looking at BlockDAG Network’s historical performance and current crypto-trends it is clear that the project has potential to become a household name in the industry.
Read About BlockDAG Presale: Website | Presale | Telegram | Discord
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On Friday, Solana (SOL) soared to a new all-time high (ATH), now trading at approximately $261. This breakthrough surpasses its previous peak set in November 2021.
Solana’s rise to a new ATH marks an increase of over 32 times from its lows recorded in December 2022.
Solana Hits All-Time High as Gary Gensler Plans Resignation
Solana’s path to this new high has been anything but smooth. After reaching its previous high in 2021, the platform faced a downturn in 2022 amid a broader crypto bear market, further exacerbated by technical issues and network downtimes.
The collapse of FTX in November 2022 pushed Solana’s price down to around $8.
However, Solana has since made a remarkable recovery, increasing more than 32-fold from its low. Now, Solana enthusiasts believe that SOL could eventually outpace Ethereum (ETH) in market capitalization.
“Solana has been at an all-time high by market cap for a while actually. Now, we’re finally in price discovery. The flippening is coming,” Birch, the founder of PathCrypto, said.
The surge in Solana’s market value coincides with the news of SEC Chairman Gary Gensler’s planned resignation, slated for January 20, 2025, as Donald Trump assumes office.
Known for his strict regulatory stance on cryptocurrencies, Gensler’s departure signals a potential shift toward a more crypto-friendly administration. Consequently, this political change is stoking speculations about the approval of a Solana exchange-traded fund (ETF). According to Fox Business journalist Eleanor Terrett, the SEC has begun engaging with issuers to explore the possibility of a Solana ETF.
“Talks between SEC staff and issuers looking to launch a Solana spot ETF are “progressing” with the SEC now engaging on S-1 applications. Recent engagement from staff, coupled with the incoming pro-crypto administration, is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025,” Terrett claimed.
Previous efforts to launch a Solana ETF were stalled by regulatory roadblocks, often stopping early in the process. However, the changing political environment and the SEC’s increased openness have reignited hopes within the crypto community. Recent filings for a Solana ETF by Canary Capital and BitWise reflect a growing interest and anticipation for regulatory approval.
Despite these encouraging developments, the odds of a Solana ETF approval in 2024 remain low, with Polymarket estimates placing it at around 4%.
Meanwhile, the crypto community is also closely watching Bitcoin as it approaches the highly anticipated $100,000 mark. On Friday, Bitcoin recorded a new high of about $99,300. This milestone is viewed as a pivotal moment for Bitcoin and could impact other cryptocurrencies, including Solana.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance.
- XRP price started a fresh surge above the $1.20 resistance level.
- The price is now trading above $1.250 and the 100-hourly Simple Moving Average.
- There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair is up over 25% and it seems like the bulls are not done yet.
XRP Price Eyes Steady Increase
XRP price formed a base above $1.050 and started a fresh increase. There was a move above the $1.150 and $1.20 resistance levels. It even pumped above the $1.25 level, beating Ethereum and Bitcoin in the past two sessions.
There was also a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair. A high was formed at $1.4161 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high.
The price is now trading above $1.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.400 level. The first major resistance is near the $1.420 level. The next key resistance could be $1.450.
A clear move above the $1.450 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.550 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80.
Are Dips Supported?
If XRP fails to clear the $1.420 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3350 level. The next major support is near the $1.2850 level.
If there is a downside break and a close below the $1.2850 level, the price might continue to decline toward the $1.240 support or the 50% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high in the near term. The next major support sits near the $1.20 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $1.3350 and $1.2850.
Major Resistance Levels – $1.4000 and $1.4200.
ETF issuer WisdomTree’s European division just announced a new ETP based on XRP. This product is currently available in four EU countries, which has led XRP’s price to jump slightly.
ETPs are a common issuer strategy to earn revenue without ETF approval, but Europe will not necessarily approve one even if the US does so.
WisdomTree’s XRP ETP
WisdomTree, one of the Bitcoin ETF issuers in the US, announced that its European branch is offering an exchange-traded product (ETP) based on XRP. This new product is currently available in Germany, Switzerland, France, and the Netherlands. A growing number of issuers have filed for an XRP ETF, but WisdomTree is taking a slightly different tack.
“The WisdomTree Physical XRP ETP offers a simple, secure, and low-cost way to gain exposure to XRP, one of the largest cryptocurrencies by market capitalization. Backed 100% by XRP, XRPW is the lowest-priced XRP ETP in Europe, providing direct spot price exposure,” the announcement claimed.
The possibility of an official XRP ETF is growing with the current bull market, and Ripple CEO Brad Garlinghouse considers it “inevitable.” Still, it hasn’t happened yet, and ETP offerings allow issuers to somewhat address customers’ requirements. BitWise, which has also filed for an XRP ETF in the US, recently acquired a European ETP issuer to enter the same market.
WisdomTree, however, is no stranger to this market strategy. In May this year, it won approval to offer ETPs based on Bitcoin and Ethereum to British investors.
The UK has not yet approved a full ETF for either of these assets, but WisdomTree still gained market access. Even a fraction of the XRP market could also prove lucrative; the asset’s value spiked today.
WisdomTree Europe’s strategy page does not describe any further actions upon full approval. Even if the US approves an XRP ETF under the SEC’s new leadership, that won’t necessarily benefit WisdomTree’s European branch. For now, these ETPs built on XRP will have to suffice for this market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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