The altcoin market is witnessing a resurgence as the BTC price has finally come out of correction. Notably, the Ethereum Layer 2 ecosystem enjoys a resurgence in transaction activity following the recent Dencun upgrade, while Litecoin (LTC) charts an impressive ascent, with projections of further growth, potentially reaching $150.
In the presale scene, BlockDAG (BDAG) has captivated investor attention with its 20,000X ROI potential, as projected by analysts. The project has now moved forward to its seventh (out of 45 in total) presale batch, priced at an attractive $0.004.
Litecoin Surges 20% on the Monthly Timeframe
Litecoin (LTC) recently experienced a notable uptick, climbing a significant 20.20% over the last 30 days. Analysts are highly optimistic about Litecoin’s trajectory, predicting a significant upward momentum if LTC breaks through the $122 resistance, with targets possibly surpassing $150.
This Litecoin surge is attributed to miners strategically increasing their holdings by 150,000 LTC in March, which has helped to temper the sell-off pressure. Additionally, a surge in Litecoin futures contracts’ open interest highlights increasing confidence among traders, suggesting Litecoin price might continue its upward trend.
Ethereum Layer 2 Sees Surge in Transactions Post-Dencun Upgrade
The recent Ethereum Dencun upgrade has led to a notable decrease in Ethereum Layer 2 gas fees, significantly boosting on-chain activities across Layer 2 protocols such as Arbitrum, Optimism, and Base, with transactions nearing 32 million per week. This reduction in transaction costs has also seen a corresponding rise in the prices of Ethereum Layer 2 tokens, with increases ranging from 1% to 8% observed.
Despite increased competition from chains like Solana and a recent history of double-digit losses for Layer 2 token holders, the decrease in fees and a spike in transaction volumes post-Dencun upgrade highlights a growing user interest and activity within the Ethereum Layer 2 ecosystem.
BlockDAG – Top Decentralized Crypto 2024
BlockDAG (BDAG) has quickly risen to prominence in the presale market, amassing an impressive $14.9 million and aiming for a bold $600 million fundraising target by the end of 2024. With BDAG coins currently priced at a mere $0.004 in its seventh presale batch, the project plans 45 presale batches, with the price increasing incrementally with each subsequent batch. However, experts project its presale to sell out much sooner than expected.
The unveiling of BlockDAG’s V2 technical whitepaper at the Las Vegas Sphere has been pivotal in propelling the project forward, introducing BlockDAG’s groundbreaking protocol that deviates from traditional blockchain frameworks, adopting a Directed Acyclic Graph (DAG) architecture instead. This innovative hybrid model merges blockchain’s reliability with DAG’s efficiency, facilitating near-instantaneous transaction confirmations.
By implementing a sophisticated interconnected cluster approach, BlockDAG achieves an optimal organisation of blocks by topologically sorting the DAG. This method significantly enhances the network’s throughput, boasting an impressive capacity of 10,000 to 15,000 Transactions Per Second (TPS), surpassing the performance of existing blockchain networks.
The whitepaper release attracted a tidal wave of investment into the project’s presale and ignited analysts’ highly optimistic 10,000-20,000X ROI forecasts. BlockDAG has already yielded a solid 400% ROI for its early investors, as its price climbed from $0.001 in the first presale batch to $0.004 in the current seventh batch.
Final Words
Ethereum Layer 2 ecosystem sees a surge in transactions post-Dencun Upgrade. Litecoin surges by 20% on the monthly chart, with expectations of further growth. In the presale market, BlockDAG (BDAG) has emerged as a standout, drawing significant attention with its innovative blend of blockchain and DAG technologies and offering a tantalising prospect of 20,000X returns, as forecasted by analysts.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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