Crypto Market Update: NEAR Protocol, XRP, and BlockDAG Showcase Promising Trends
NEAR Protocol's Breakout and Strong Institutional Support
NEAR Protocol, XRP, and BlockDAG have recently made significant movements in the crypto market, catching the attention of both traders and long-term investors. NEAR Protocol, in particular, experienced a breakout after surpassing the $2.495 resistance level, soaring past $2.79 with a notable 5.91% gain in a single day. This surge was backed by increased institutional accumulation and a daily trading volume that more than doubled previous levels. With the RSI indicator currently in a neutral zone, there is room for further gains without being overbought, setting NEAR up to test the next resistance at $3.10 for an additional 11% increase.
XRP's Accumulation and MVRV Golden Cross
XRP has also shown promising signs, with large holders accumulating 50 million tokens in a span of two days, which has reduced the supply in the market. The asset is hovering around $3.35 and is approaching critical resistance levels between $3.40 and $3.50. A breakout above these levels could potentially lead to a move towards $3.677 and eventually the $5 target. The MVRV ratio golden cross, a rare on-chain signal, further supports the potential for significant rallies, with historical gains of up to 630%. XRP's legal clarity following Ripple's legal victory against the SEC and the increasing institutional adoption are reinforcing its position among top crypto assets.
BlockDAG's Presale Success and Transparent Dashboard
BlockDAG's presale has achieved $373 million in funding, with the launch of Dashboard V4 playing a pivotal role in driving momentum. The new dashboard enhances transparency by providing an exchange-like interface for tracking BDAG holdings, wallet balances, and real-time purchase data, boosting user confidence. Currently priced at $0.0276, BDAG is expected to reach $0.05 at launch, with a structured batch model ensuring rising prices in later stages. The platform's hybrid blockchain-DAG design, EVM compatibility, and smart contract tools position it as a strong contender for crypto investments in 2025.