BlockDAG Gains Influencer Support Despite RNDR & XRP Movement

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The Render Token (RNDR) has seen a noteworthy pump, as evidenced by a sharp increase in its trading volume. In the meantime, significant whale moves gave XRP a little boost in momentum, causing conflicting feelings in the market.

On the other hand, BlockDAG‘s social media momentum has multiplied with the support of popular cryptocurrency influencers. The recent moon keynote has enhanced awareness. As a result, the $54.3 million presale was a success. The favourable evaluation of Influencer Nitrous Oxide has greatly increased investor confidence, as evidenced by the remarkable sales of more than 8,200+ BlockDAG Miners and the excitement surrounding the impending release of the X1 Miner.

Render Token Trading Volume Marks A Jump

Render (RNDR) token pumped 13% over the past day, with its trading volume surging significantly by 142%. According to CoinMarketCap, the volume jumped from $78.17 million on June 23 to $259.91 million. This activity spike indicates heightened market interest and increased selling pressure. The current price is $7.80, having reached $8.33 last week. Despite the rise, experts suggest potential bearish signs, and the token’s future trajectory may depend on Ethereum’s price movement.

XRP Price Gains Momentum With Whale Activity

XRP saw slight gains after a highly volatile trading session, driven by significant whale activity. In the past 24 hours, whales moved approximately 93 million XRP, sparking mixed market sentiments. Data showed substantial accumulations and selloffs, leading to buying and selling pressure on the token. As a result, XRP’s price experienced fluctuations, with minor increases in futures open interest and derivatives volume, indicating a slight uptick in investor interest despite ongoing volatility. Future price movements remain uncertain amidst this heightened activity.

BlockDAG has swiftly gained significant social media momentum, largely fueled by endorsements from prominent crypto influencers. These influential figures have praised BlockDAG for its innovative technology and potential to revolutionise the crypto landscape. The surge in online attention has increased interest and credibility, with BlockDAG-related hashtags trending across various platforms. This widespread visibility has resulted in $54.3M presale success in such a short time.

Additionally, these online endorsements significantly influence crypto investors, who are increasingly relying on trusted influencers for advice. Recently, one detailed analysis and positive review from Nitrous Oxide have been very significant in convincing investors of BlockDAG’s viability and long-term potential. Influencer Nitrous Oxide has effectively communicated BlockDAG’s advantages, such as its acyclic graph implementation and Proof-of-Work consensus mechanism while reviewing the latest moon keynote.

The impressive sales of the BlockDAG Miners demonstrate a surge in investor confidence. BlockDAG has sold over 8,200+ Miners, due to strong market demand driven by the project’s technological promise and positive reviews. A range of efficient miners are already catching enthusiasts’ attention. However, the X1 Miner app has taken mining capabilities to a new level by turning smartphones into mining machines. Its beta version has already gained popularity among novice and experienced miners.

These mining opportunities were detailed in the YouTube video by Nitrous Oxide. He also showcased the benefits and ease of use of the X1 Miner app. The video highlighted how users can mine up to 20 BDAG daily without draining their mobile battery. The beta version is launched, and available on both Android and iOS. This exposure has driven miner sales and expanded BlockDAG’s reach generating huge response in presale.

Bottom Line

Although Render Token’s trading volume surge and XRP’s whale activity demonstrate ongoing market interest, BlockDAG has distinguished itself with a $54.3M presale success to the crypto investors. This success is driven by social media endorsements from prominent influencers like Nitrous Oxide. Thus, leading to an impressive presale of BlockDAG and high anticipation for the Miners, BlockDAG stands out as a promising contender in the crypto space.