XRP ETF Inevitable, Fantom (FTM) Shows Bullish Signs, BlockDAG (BDAG) Skyrockets Presale Numbers

Ripple President Monica Long predicts the certain arrival of an XRP ETF, highlighting the growing interest from institutions due to tokenized assets. Simultaneously, Fantom (FTM) is showing signs of a strong mid-term uptrend, according to current technical analysis.

According to Ripple President Monica Long, an XRP ETF is on the way, thanks to the cryptocurrency's high trading volume and market cap, which have piqued the interest of institutional investors. During her appearance on CNBC, Monica highlighted the significance of clear crypto regulations in the US and the potential impact of an XRP ETF, which could revolutionize the cryptocurrency landscape.

She also mentioned that the rise of tokenized assets and the presence of Bitcoin ETFs are driving more institutional interest in cryptocurrencies. Following Ripple CEO Brad Garlinghouse's prediction of an XRP ETF by 2025, Long also announced plans for a stablecoin project, which is expected to launch by the end of 2024, further strengthening XRP's role as a key bridge asset.

An analysis of Fantom (FTM) price data suggests a potential increase, supported by positive net exchange outflows, which indicate traders' optimism and a decrease in the available trading supply. As the Fantom price rises above the Ichimoku cloud's baseline, it targets potential highs of $0.88 and $0.97.

Support might stabilize around $0.73 or $0.647 if it dips below the cloud. An upward-trending RSI at around 60 indicates strengthening bullish momentum. Moreover, positive netflows indicate a trend towards long-term holding, which could support a healthy upward trajectory. As the Ichimoku cloud acts as support and resistance, it's crucial to monitor it; a retreat to the cloud may indicate a bearish shift.

Influential crypto guru boosts BlockDAG's presale numbers

BlockDAG's recent surge in presale numbers has been significantly boosted by endorsements from high-profile crypto experts. These endorsements have drawn a large audience, helping the BlockDAG presale achieve such impressive numbers.

Recently, renowned CryptoTrainer highlighted BlockDAG as a top investment, pointing out its advanced layer 1 blockchain technology, proof of work algorithm, DAG structure, and the insightful Keynote video, which is symbolically set on the moon. Among the top altcoins for June 2024, BlockDAG stands out with its innovative technology and strong community support, making it a prime candidate for those seeking promising crypto investments this year.

BlockDAG's tech advancements include implementing a Detailed Acyclic Graph (DAG) structure, which significantly scales the network by enabling simultaneous transaction processing. This boosts the transactions per second (TPS), decreases latency, and increases throughput.

Additionally, BlockDAG merges Proof-of-Work (PoW) consensus with the DAG structure to enhance security. Transactions are validated through cryptographic puzzles, and the collective PoW approach complicates any attempts by malicious actors to alter transaction history. This dual approach effectively combats double-spending and maintains transaction integrity, ensuring a secure and reliable network.

This enthusiastic endorsement by CryptoTrainer has dramatically elevated BlockDAG's presale totals to $50.9 million. The platform has progressed to Batch 18, with 11.6 billion coins sold, highlighting strong market traction and community support.

News source：https://www.kdj.com/cryptocurrencies-news/articles/xrp-etf-inevitable-fantom-ftm-bullish-signs-blockdag-bdag-skyrockets-presale.html

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