Through the ups and downs of 2024, four cryptocurrencies have shown remarkable power — Ripple (XRP), Avalanche (AVAX), Cardano (ADA), and BlockDAG (BDAG).
Ripple stands out in global payment networks, using its speed to push cross-border transactions to new levels. Avalanche brings an innovative approach with its “mini blockchain” subnets, giving businesses flexible blockchain solutions.
Cardano remains committed to eco-friendly, user-friendly blockchain technology. Finally, BlockDAG, with its hybrid blockchain and DAG model, offers a potential of 30,000x ROI for early holders.
Let’s explore each of these coins to see why they’re trending this month and what sets each one apart for the future.
1. BlockDAG (BDAG): Leading Layer 1 Coin with 30,000x ROI Potential
Imagine if a traffic jam could magically disappear, letting every car move freely without anyone slowing down. BlockDAG works in a similar way, designed to let thousands of transactions flow smoothly without clogging up. Unlike older blockchains like Bitcoin and Ethereum which struggle to be fast, secure, and decentralized all at once (known as the “Blockchain Trilemma”), BlockDAG does things differently.
It combines the traditional blockchain with a directed acyclic graph (DAG). This hybrid setup means BlockDAG can handle a high volume without losing security or decentralization—something the crypto world has wanted for years.
When BlockDAG presale launched less than a year ago, the market was quick to notice its potential. In less than a year, the project raised $120.5 million in presale and the BDAG coin price soared by 2100%. Considering BlockDAG’s robust tech and super-hit presale success, experts now forecast that the BDAG coin will bring 30,000x ROI for early holders in the future.
2. Ripple (XRP): Breaking Barriers in Global Transfers
XRP functions as a core asset on Ripple’s payment network, allowing seamless transfers between various currencies, including both fiat and prominent cryptocurrencies. Recent news reveals that XRP has broken through its resistance levels, showing a 6.3% rise, and it currently trades at around $0.595.
Many are watching to see if it will maintain this upward trend and potentially push up to its next resistance point at $0.626. However, XRP’s RSI indicator sits at 70, an “overbought” level suggesting that a reversal could be looming. If RSI dips, a price pullback becomes more likely, signaling caution for traders.
3. Avalanche (AVAX): A World of Mini Blockchains
The Avalanche network, powered by AVAX, presents a unique vision. Its standout feature, “subnets,” allows users to build personal blockchains on the main Avalanche network—a novel idea that could make AVAX a powerhouse if widely adopted.
Ava Labs imagines a future where businesses and even individuals will use their own mini-blockchains. AVAX has shown strong growth, rising 115% over the past year. However, it’s also down 29% in 2024 so far, a reminder of the volatility in crypto. Due to this fall, the current AVAX price forecast remains largely uncertain.
4. Cardano: Greener, Smarter & Built to Last
Founded by Ethereum co-founder Charles Hoskinson, Cardano’s mission focuses on energy-efficient blockchain technology and creating a user-friendly space for decentralized apps (dApps). Unlike Ethereum, Cardano has a hard cap on its total supply at 45 billion coins, and with 78% of its supply already issued, dilution worries are minimized.
Cardano has seen notable growth, gaining nearly 80% in 2023, reaching around 45 cents, and boasting a market cap of over $15 billion. Yet, 2024 hasn’t been as kind, as Cardano has dropped 32% this year.
Final Analysis: Top Trending Cryptos
In closing, it’s clear that Ripple, Avalanche, Cardano, and BlockDAG each bring something remarkable to the world of crypto. Ripple is redefining global payments; Avalanche is building flexible, customizable subnets; and Cardano is setting new standards for eco-friendly blockchain.
Yet among these established coins, the newest entrant BlockDAG stands out as a crypto goldmine waiting to be tapped. Its hybrid model is designed to support the demands of today while paving the way for years of growth.
Add to this BDAG coin’s impressive 2100% price surge since batch 1 and the buzz around a potential 30,000x ROI, and BlockDAG seems truly unstoppable. Ultimately, crypto buyers now have a range of choices, each offering distinct strengths and visions for the future!
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/11/the-top-4-trending-cryptos-of-nov-2024-ripple-avalanche-cardano-and-blockdag