XRP Targets $3.60 as BlockDAG Presale Nears $435M and Cronos Drops 22%

In a recent turn of events, the crypto market has seen a shift, with XRP and BlockDAG climbing up the ladder while Cronos is witnessing a downslide. Cronos is facing this downturn despite the recent Smarturn upgrade. These developments will have severe implications for the market, reinforcing crypto’s volatility. 

XRP is Sailing Towards $3.60

XRP has risen as a prominent cryptocurrency, breaking all resistance levels to reach the $3.60 mark. This is a response to Ripple’s on-chain expansion of payment services and its recent technological advancements. It is one of the large-cap tokens that is showing consistency in growth and development despite the fluctuating market. 

Many institutional investors are showing improved interest in the coin. Ripple’s new stablecoin RLUSD has also boosted investor confidence in its products. The technical analysis indicators are pointing towards a bullish overturn of the market for XRP. It has broken the key resistance levels and is expected to reach the $3.60 mark in this quarter itself. 

BlockDAG’s Presale Nears Sellout

BlockDAG’s presale has turned into a buying frenzy, with the company raising over $435 million as part of the presale. This is one of the highest presale collections in history, with BlockDAG having nearly 312,000 holders to date. Investors have been drawn to BlockDAG by its promise of a high-throughput blockchain infrastructure, which leverages Directed Acyclic Graph (DAG) technology to deliver faster, scalable, and energy-efficient processing compared to traditional blockchains.

BlockDAG’s strong community and industry partnership, eco-friendly and inclusive approach, scalability and efficiency, robust security, and proof-of-work consensus make it a highly adaptable asset. 

Cronos Taking a DownTurn

Contrary to expectations, Cronos is seeing a downturn with its price dropping by 22%. This trend is attributed to the general trend of the market, with investors turning away from riskier assets. Technical analysis indicators, such as the MACD, are showing that the market is currently facing selling pressure. The current price is below the 20-day exponential moving average (EMA). The recent Smarturn upgrade was initially viewed as an attempt to improve scalability and enhance EVM compatibility. However, it has not yielded any short-term profitability. Whether it will be good in the long run is worth the wait. 

Final Words

While BlockDAG’s presale nears a remarkable $435 million sellout, fueled by the highly scalable blockchain technology and strong community support, XRP is building momentum toward the $3.60. Despite a generally bearish sentiment in the short term, XRP continues to hold significant growth potential backed by broad institutional adoption and other technical factors. Meanwhile, Cronos is facing downward pressure due to a recent 22% price drop influenced by bearish indicators and market caution ahead of network upgrades. 

These developments highlight the diverse trends shaping the crypto market. They also make a cautionary statement that investors and traders should watch key support and resistance levels closely and stay informed about the upcoming technological developments to navigate this volatile landscape.