XRP and DOT See Frustrated Investors as BlockDAG (BDAG) Explodes 2100% with $110M Raised
For crypto investors, Ripple (XRP) and Polkadot (DOT) are among the most high-stakes choices in this last quarter of 2024.
Crypto investors are closely watching Ripple (XRP) and Polkadot (DOT) as both tokens navigate different paths in this last quarter of 2024.
XRP investors are keeping a keen eye on the ongoing lawsuit, which is impacting the token's price. Despite the legal challenges, XRP managed to stay afloat in the top 10 cryptocurrencies by market capitalization. However, a recent development has some investors shifting their attention elsewhere.
BlockDAG (BDAG) is emerging as a favorite among crypto enthusiasts. Those who joined the network in the presale batch 1 are now enjoying an impressive 2100% ROI. BlockDAG's presale has also officially crossed $110 million in revenue.
Staying true to its community-first approach, BlockDAG even launched a BDAG100 bonus due to popular demand, increasing the number of BDAG coins received per purchase by 100%. This incentive reflects BlockDAG's focus on maximizing returns, which many holders see as a more stable choice in today's market.
XRP Lawsuit: CEO Seeks Final Judgment in Court
In the latest development of the XRP lawsuit, Ripple CEO Brad Garlinghouse is seeking a final judgment on the ongoing class action claims. This move is part of a larger strategy to resolve certain disputes while allowing Ripple to concentrate on the broader case involving the SEC.
If granted, the request will pause individual state law claims until the broader case concludes. This will essentially streamline Ripple's legal burdens. However, due to this lawsuit, XRP's price dropped slightly, and now many investors are beginning to look elsewhere.
Polkadot’s Ecosystem Upgrade: Investors Unimpressed?
Despite Polkadot's recent "Join Accumulate Machine" (JAM) upgrade, which is designed to boost scalability and strengthen cross-network connections, investor enthusiasm has remained subdued.
Even with JAM's promise of smoother data flow and interoperability across Polkadot's ecosystem, the token's price has seen only minor movement, currently trading at $4.16 after a slight 1.02% uptick. Analysts note that Polkadot is still below all critical Simple Moving Averages on its DOT/USDT chart, making it vulnerable to further dips, with a support level at $3.83 in sight if current trends persist.
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