Grayscale Investments is realigning its portfolio by increasing its stake in Ripple’s XRP through the liquidation of Cardano (ADA) holdings, signaling strong market confidence in Ripple's future. Meanwhile, Cardano (ADA) braces for a potential surge, fueled by robust developer activity and mounting positive market sentiment ahead of the upcoming Bitcoin halving event. In the presale arena, BlockDAG (BDAG) has emerged as a standout, with analysts heralding it as crypto with the most potential for 2024, projecting a high ROI potential.
Grayscale Bets Big on XRP with ADA Liquidation
Grayscale Investments has recently adjusted its Digital Large Cap (DLC) Fund by selling off its Cardano (ADA) holdings to increase its stake in XRP, now holding approximately 16.7 million XRP tokens.
Following this rebalancing, XRP accounts for 1.73% of the DLC Fund, valued at over $570 million. Bitcoin remains the fund's dominant asset at 70.96%, with Ethereum and Solana following. The adjustment reflects Grayscale's confidence in XRP's future and regulatory clarity, fueling speculation about the potential launch of an XRP spot exchange-traded fund (ETF).
Cardano (ADA) Prediction for 2024
Despite recent market fluctuations, Cardano (ADA) is showing signs of a potential surge as the Bitcoin halving event approaches. ADA price has seen a $1.1 million influx, rebounding from previous outflows and demonstrating investor optimism. Notably, ADA's developer activity has significantly increased, with 978,780 GitHub commits, surpassing Ethereum's contributions, signalling strong community support and ongoing network enhancements.
However, technical analysis paints a bearish Cardano (ADA) prediction for 2024, with the possibility of further price dips, as indicated by Ketner Channel bands. Despite this, the surge in trading volume and investor interest in Cardano suggests a growing confidence in its future potential.
BlockDAG: Crypto with the Most Potential for 2024
BlockDAG (BDAG) is rapidly rising to prominence in the presale market, with analysts touting it as the crypto with the most potential for 2024. So far the project has raised nearly $16 million, with significant contributions from whales and investors. The recent showcase of BlockDAG on the Las Vegas Sphere and the release of its V2 technical whitepaper have further heightened excitement around the project, drawing a massive surge in investment into the project’s presale.
Currently in its eighth presale batch, with BDAG coins priced at $0.0045 each, BlockDAG plans to run 45 presale batches in total, with the projected valuation of $0.04 by the final batch and its listing on exchanges. This represents a lucrative post-launch ROI potential for investors who buy into the current batch. Looking ahead, analysts project a potential explosion for BlockDAG, commending its groundbreaking hybrid architecture and robust tokenomics.
As far as the project’s technological value proposition is concerned, BlockDAG aims to tackle the issues of scalability, throughput, and delays that traditional linear blockchains face during peak times by employing Directed Acyclic Graph (DAG) technology along with a Proof of Engagement consensus mechanism. The DAG approach facilitates the processing of transactions in parallel, significantly scaling throughput and reducing delays. The Proof of Engagement mechanism incentivizes validators based on their level of activity, promoting fair participation and enhancing the network’s security. Merging DAG technology with Proof of Engagement, BlockDAG introduces a scalable, efficient, and cost-effective solution designed for the modern digital economy.
BlockDAG’s Here to Stay
With Grayscale Investments shifting its focus towards XRP, and liquidating its Cardano holdings Cardano (ADA) is poised for a potential surge, despite facing a bearish market, BlockDAG is rising as crypto with the most potential for 2024. BlockDAG’s incredible presale success, raising nearly $16 million in only eight batches and projections of high ROI, promises to revolutionize blockchain scalability and efficiency as highlighted in its new technical whitepaper.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
