Layer 1 Market Rises: TRON Active Addresses Grow and Kaspa Price Holds as BlockDAG Raises $60 Million in Presale

Worried about the unpredictable crypto market? Despite some downturns in July, a few promising cryptocurrencies are gaining attention.

As the broader crypto market experiences some downturns in July, a few promising cryptocurrencies are gaining attention. BlockDAG’s presale has been a huge success, raising over $60 million. The project’s token saw a 1400% price increase from $0.001 to $0.015 in its 20th batch.

Meanwhile, TRON (TRX) is also on an upward trajectory with an 11.6% price rise and 2.5 million daily active addresses, indicating growing adoption. On the other hand, Kaspa (KAS) saw a 13% increase after Marathon Digital mined $16 million worth of KAS.

Let’s take a closer look at these three must-see high-return cryptos.

BlockDAG: A Layer 1 That Facilitates Mass Crypto Adoption

BlockDAG is a Layer 1 market protocol that boasts an impressive track record. In the past seven months, the project has sold over 12.2 billion BDAG coins, amassing more than $60 million from its ongoing presale. This remarkable achievement has caught the attention of institutional investors and industry experts.

The BlockDAG platform is uniquely designed to simplify the creation of utility tokens, meme tokens, and NFTs. Its low-code/no-code technology streamlines the development process, making it accessible to users of varying technical abilities. With customizable templates and a user-friendly interface, BlockDAG empowers everyone to launch their projects swiftly.

Moreover, BlockDAG supports decentralized applications through its robust infrastructure. This enables the development of digital art marketplaces, tokenized asset platforms, and various creative projects, ultimately enriching the blockchain ecosystem.

TRON’s Rising Momentum and Growing User Base

Despite the broader market correction, TRON (TRX) has shown strong resilience, climbing 11.6% in the past month to reach $0.123 in price and a market cap of $10.73 billion. Notably, the number of active addresses on the TRON network has surged to 2.5 million daily, signaling increased adoption and usage.

A robust network activity and a bullish trendline since November 2023 suggest that TRX is set for further growth. Technical indicators like the Exponential Moving Average (EMA) and the ADX slope also point to a strengthening bullish trend. Investors can anticipate a potential breakout from the $0.143 resistance level.

TRON’s strong performance and expanding user base make it a compelling option for investors seeking potential returns from the crypto market.

Marathon Digital’s $16M Kaspa Mining Spurs Token Growth

Prominent Bitcoin miner Marathon Digital is making strategic moves to diversify its revenue streams. The company recently mined over $16 million worth of Kaspa (KAS), contributing to a 13% increase in the token’s value.

This move is significant as it highlights the high margins of Kaspa mining machines, which can reach up to 95%. Over the past month, Kaspa’s token has increased by 26%, indicating a positive market outlook. Kaspa now ranks 24th globally, with a market cap of $4.2 billion.

The GhostDAG protocol, a key feature of Kaspa, enables faster transactions by allowing multiple blocks to be produced simultaneously. This capability makes Kaspa an attractive option for investors seeking to diversify their crypto portfolios and potentially reap significant returns.

Don’t Miss Out on These High-Potential Cryptos

If you’re looking to invest in cryptocurrencies with the potential for substantial returns, BlockDAG, TRON, and Kaspa are three must-see options. BlockDAG’s presale offers a unique opportunity, while TRON’s strong market performance and Kaspa’s recent surge are promising indicators for investors.

This is a sponsored press release, and it should be viewed as promotional material. Investors should conduct their own research before making any cryptocurrency-related investment.

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