Another busy day in the world of cryptocurrency. Arbitrum is seeing a flood of transactions, making it a top choice among layer 2 solutions. Meanwhile, XRP's price has dropped significantly and might fall further if it doesn't hold onto key price points.
At the same time, BlockDAG is exceeding expectations with its new BlockDAG Explorer. This tool lets developers and traders see BlockDAG's status in realtime. Thanks to this, the community watched as BlockDAG's presale quickly surpassed $93.7 million this week.
Arbitrum News: 1 Billion Transactions on Its Mainnet
Arbitrum has grabbed the spotlight again by reaching a big milestone—1 billion transactions on its mainnet. As the biggest Ethereum Layer 2 option by total value locked, Arbitrum is growing fast and is changing the Decentralized Finance (DeFi) scene.
Its lower transaction fees and compatibility with Ethereum's coding language, Solidity, make it a great choice for developers and those looking to grow their projects. Holding $2.5 billion in total value, Arbitrum leads the pack in Layer 2 solutions, proving it's scalable and efficient. This achievement cements Arbitrum’s place in the Layer 2 rankings.
Will XRP Price Drop Below $0.50?
XRP’s price has taken a hit, dropping 20% in just four days during a broader market downturn. After hitting a high of $0.6650, XRP has dropped to $0.52, breaking through important support levels. This selling trend puts the critical $0.50 level in danger as the downward trend gains strength.
Tools like the MACD and EMA are showing negative signs, suggesting XRP might drop to $0.49. However, there could be a turnaround, where XRP might challenge higher prices at $0.54 and $0.58.
BlockDAG - The Crypto to Watch in 2024
BlockDAG is catching eyes with its newly launched BlockDAG Explorer, which is now up and running, showing users live details about what's happening on the network. The Explorer's dashboard shows important information like the number of blocks, how many transactions are happening, and the current price of BDAG, which stands at $0.0206. So far, the presale has brought in over $93.7 million and sold about 14 billion coins.
The Explorer's realtime tracking features let users easily follow the network's performance, offering them vital information right at their fingertips. It's an essential tool for anyone who wants to keep up with market trends and make smart decisions.
Blockchain developers are especially interested in BlockDAG's sophisticated analytics. The detailed data provided by the Explorer is capturing their interest because it shows the network's real capabilities. The access to live data is drawing more developers to BlockDAG, highlighting it as a go-to option for those needing strong and scalable blockchain solutions.
As more people and developers discover the benefits of the BlockDAG network, it's expected to achieve even greater success. With the Explorer now making it simpler to explore the network’s details, BlockDAG is set to become a major force in the blockchain world.
Concluding Thoughts
The crypto world is always on the move. Arbitrum has marked a milestone by handling 1 billion transactions on its mainnet, confirming its role as a top Layer 2 option and showing its expanding influence in the DeFi sector. On the other hand, XRP is facing a tough time with its price falling significantly, and it may drop further if it doesn't hold certain levels.
In the midst of these events, BlockDAG stands out as one of the most promising cryptos to consider. With the BlockDAG Explorer now active, it lets users monitor network performance live, offering more transparency and ease of use. Having already raised over $93.7 million and nearing the $100 million mark, BlockDAG presents a compelling choice for both traders and developers searching for a blockchain with true potential for growth.
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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