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In the past, Bitcoin (BTC) always set new all-time highs after a halving event but this year is special as Bitcoin (BTC) broke the record a month away from the halving event. This year is surely going to be full of exciting developments. Amidst this background, we explore the market conditions of Bitcoin (BTC) and Ethereum (ETH).

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In the past, Bitcoin (BTC) always set new all-time highs after a halving event but this year is special as Bitcoin (BTC) broke the record a month away from the halving event. This year is surely going to be full of exciting developments. Amidst this background, we explore the market conditions of Bitcoin (BTC) and Ethereum (ETH).
In the past, Bitcoin (BTC) always set new all-time highs after a halving event but this year is special as Bitcoin (BTC) broke the record a month away from the halving event. This year is surely going to be full of exciting developments. Amidst this background, we explore the market conditions of Bitcoin (BTC) and Ethereum (ETH).
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Crypto

BlockDAG, Cardano and Toncoin in the 2024 Cryptocurrency Market

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BlockDAG, Cardano and Toncoin in the 2024 Cryptocurrency Market

BlockDAG’s innovative strategy, highlighted by its upcoming moon keynote, sets it apart amidst the backdrop of Cardano’s recent price decline and Toncoin’s performance following a Telegram partnership. While Cardano grapples with a notable drop in price, slipping by 27% in the past month, and Toncoin gains momentum through strategic collaborations, BlockDAG forges its path to success.

With its groundbreaking approach to blockchain consensus, powered by the PHANTOM protocol and GHOSTDAG algorithm, BlockDAG positions itself as a frontrunner in the cryptocurrency landscape. As anticipation mounts for its moon keynote, BlockDAG’s unique features and strategic initiatives capture the attention of investors seeking the next big opportunity in digital finance.

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Cardano

Over the past month, Cardano has experienced a substantial decline in price, dropping to $0.60 on April 11, reflecting a 27% decrease from its peak earlier in the year. Recent data indicates a stagnation in Cardano’s network expansion, trailing behind newer competitors in the Decentralized Finance (DeFi) sector. Despite boasting a market capitalisation exceeding $20 billion, Cardano lacks a significant presence in vital blockchain industries. For instance, its largest lending protocol, Liquid, exhibits a Total Value Locked (TVL) of a mere $57 million. These inadequacies cast doubt on Cardano’s valuation, earning it the moniker of a “zombie coin” despite its substantial market capitalisation.

Toncoin

Toncoin (TON) has recently surpassed Cardano (ADA) in market capitalisation, propelled by a 13% price performance, reaching an all-time high of $7.08. Telegram’s commitment to distributing advertising revenue in TON and accepting payment for TON advertising has significantly contributed to this achievement. Notably, Toncoin’s market cap now exceeds $23 billion, eclipsing Cardano’s $21.4 billion valuation.

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Toncoin (TON) has recently surpassed Cardano (ADA) in market capitalisation

The collaboration with Telegram has unlocked new prospects, such as Notcoin, a Telegram-based game boasting 35 million players, set to introduce its native token on the TON blockchain. Toncoin’s success underscores the transformative potential of strategic partnerships in driving growth and adoption within the cryptocurrency ecosystem.

BlockDAG

BlockDAG is spearheading cryptocurrency evolution with its groundbreaking PHANTOM protocol and GHOSTDAG algorithm, setting new benchmarks in network integrity and performance. This innovative DAG chain technology surpasses conventional blockchain models, offering unparalleled scalability, security, and decentralisation. While Cardano’s growth trajectory remains uncertain and Toncoin garners attention with its Telegram collaboration, BlockDAG is quietly reshaping the digital currency landscape. Its unique consensus mechanism addresses the challenges of malicious block inclusion and ensures seamless and equitable transaction processing, heralding a new era of trust and efficiency in the crypto sphere.

BlockDAG shines as a beacon of financial innovation
BlockDAG shines as a beacon of financial innovation

The Last Take

Amidst fluctuating Cardano prices and Toncoin’s Telegram partnership buzz, BlockDAG shines as a beacon of financial innovation. With its remarkable price surge and pioneering consensus approach, BlockDAG isn’t merely keeping pace; it’s setting the standard. As investors eagerly embrace its presale offering, the consensus is clear: BlockDAG stands out as the premier crypto investment opportunity, with the potential for exponential performance.

Learn More About BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

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Discord: https://discord.gg/Q7BxghMVyu

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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains

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Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains

One cryptocurrency sector that has been gaining significant traction in recent times is the AI and big data space. According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, the top 100 AI and big data projects have collectively grown their market caps by an impressive 22% in the past week.

As the AI and big data sectors continue to boom, three projects have emerged as front-runners, seeing major growth and attracting the attention of investors and traders alike. These projects are Openfabric AI (OFN), Aleph.im (ALEPH), and Akash Network (AKT).

Also read: Ripple (XRP) Forecasted To Hit $1.9 If This Happens

Openfabric AI (OFN) 

Openfabric AI, a project focused on developing AI-powered solutions for various industries, has been the top performer in the AI and big data sectors over the past week. Additionally, with a 78% growth in its market cap, OFN has quickly become a coin to watch for potential double-digit gains.

Currently trading at $0.616, OFN has seen a 24-hour low of $0.5515 and a high of $0.6484, indicating strong momentum and investor interest.  

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Also read: Cryptocurrency: Top 3 Coins To Buy Now For 10X Gains In 2024

Aleph.im (ALEPH) 

Aleph.im, a decentralized cloud computing platform that aims to provide a secure and scalable infrastructure for dApps and decentralized storage, has also seen significant growth in the past week.

With a 64% increase in its market cap, ALEPH has become another top contender in the AI and Big Data sector. In addition, trading at $0.261, ALEPH has recorded a 24-hour low of $0.2435 and a high of $0.2807.  

Akash Network (AKT) 

Akash Network, a decentralized cloud marketplace that enables developers to deploy and scale their applications, has seen a 49% growth in its market cap over the past week.  

Currently trading at $5.13, AKT has experienced a 24-hour low of $4.88 and a high of $6.52, showcasing strong volatility and potential for significant price movements.  

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Also read: Shiba Inu or Dogecoin: Which Meme Coin To Buy For 10X Gain?

The AI and Big Data sector within the cryptocurrency space is experiencing a major boom, with projects like Openfabric AI, Aleph.im, and Akash Network leading the charge. As the sector continues to see advancements and speculative support from traders looking to gain exposure to artificial intelligence, these coins may be worth watching for potential double-digit gains.

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Cryptocurrency: 3 Exchange-Based Coins Set to 50x This Bull Season

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Cryptocurrency: 3 Exchange-Based Coins Set to 50x This Bull Season

The cryptocurrency market is a mix of new and old crypto coins that hail from a variety of startups and endeavors. In the middle of such a diverse set of crypto coins, exchange-based tokens are also paving their path ahead; however, the limelight on such coins has often been overshadowed by major market players like Bitcoin and Ethereum. 

To outline the excellent price progress that these coins have been making this bull season, here are our top three cryptocurrency exchange token picks to explore and interact with to extract maximum profits. 

Also Read: Cryptocurrency: 3 Meme Tokens To Choose Over ADA For 10x Returns

Top Three Exchange-Based Cryptocurrency Tokens Set to Deliver 50x Profits This Bull Season

Three coins on a race track
Image Source: WatcherGuru

Binance Coin (BNB) 

Binance Coin, popularly referred to as BNB, is the primary token of the Binance cryptocurrency exchange. The token was initially launched to simplify trading on Binance. However, with time, the BNB ecosystem expanded its use case, where the token now boasts its blockchain coupled with a variety of apps that use BNB for day-to-day trading and functioning. With such diverse use cases available for BNB, the token is poised to deliver lucrative profits. 

According to CoinCodex, BNB may spike by 68% this bull season to trade at $1,021. 

“Binance Coin is forecasted to trade within a range of $604.37 and $1,021.78. If it reaches the upper price target, BNB could increase by 68.63% and reach $1,021.78.” 

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At press time, the token is sitting at $605, up 0.3% in the last 24 hours. 

Cronos (CRO)

Cronos is the primary token of the Cronos blockchain, developed by the notable cryptocurrency exchange crypto.com. Per CoinMarketcap, “CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Cronos Chain. When it comes to trading use cases, the Crypto.com app allows users to earn token rewards for select listings by staking CRO.” 

According to CoinCodex, CRO may also rise and see new price milestones by the end of the current bull season. This may help investors expand their token offerings and include exchange-based tokens, which can be a robust inclusion for securing long-term profits. 

“Cronos may trade within a range of $ 0.109954 and $ 0.173514. If it reaches the upper price target, CRO could increase by 32.55% and reach $0.173514.

At press time, CRO is stable, trading at $0.1311. 

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Also Read: Cryptocurrency: 3 Coins To Explore Over XRP For Bullish Returns 

Uniswap (UNI)

Uniswap is another leading cryptocurrency exchange known for using a set of decentralized smart contracts to execute trades. The token UNI helps the exchange simplify its trading mechanism by acting as a token protocol facilitating automated trading of decentralized finance (DeFi) tokens.

Also Read: Shiba Inu or Dogecoin: Which Meme Coin To Buy For 10X Gain?

According to CoinCodex, UNI may spike by a staggering 377% by the end of 2024, tripling consumer profits into millions.

“Uniswap may rise and hit $38.40. If it reaches the upper price target, UNI could increase by 377.74% and reach $38.40.” 

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At press time UNI is down 1% trading at $8.05.

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