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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

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Crypto Market Reacts to BlockDAG’s Explorer Launch Amid Ripple’s Ongoing Legal Battle & Toncoin’s Price Slide

October 9, 2024 By CryptoReporter

The crypto world is buzzing with major developments that are shaking up the market—from Ripple’s ongoing legal battle with the SEC to Toncoin’s struggle to break out of its bearish trend. But on a brighter note, BlockDAG is making headlines with the launch of its new BlockDAG Explorer!

This real-time tool is turning heads across the crypto space, giving users instant access to every transaction on the network. Crypto traders and developers are buzzing about it, adding even more hype to BlockDAG’s already booming ecosystem.

Ripple vs SEC Causes Price Drops

The Ripple vs. SEC lawsuit continues as the SEC appeals Judge Analisa Torres’ ruling, keeping the four-year legal battle alive. This has caused XRP’s price to drop by over 20%, with the token now sitting at $0.52. Despite the drop, many XRP investors are still optimistic, believing the SEC’s appeal will ultimately fail.

Ripple is waiting for the SEC to submit its Form C before deciding if they’ll fight back with their own appeal. Meanwhile, XRP is testing key support levels, some believe a rebound is possible, especially with talk of an XRP ETF coming soon. Though the legal battle is far from over, investors are holding steady, confident that XRP will eventually recover and continue to grow long-term.

Toncoin Price Forecast Looks Bearish

Toncoin has been stuck in a downtrend, with its price struggling to stay above $5.37. The Ichimoku Cloud indicator shows a bearish trend, suggesting that Toncoin might stay under pressure until the end of October. Recent selling activity by large investors, or “whales,” who dumped 21.8 million TON, has added to the uncertainty.

Toncoin is currently trading at $5.29, and if the selling continues, the price could drop further to around $4.86. To make a comeback, TON needs to get back above $5.37 and aim for $5.96. However, given the current bearish sentiment, breaking above $6 seems unlikely in the near future.

Things Heat Up as BlockDAG Explorer Goes Live!

BlockDAG just dropped something huge—the BlockDAG Explorer is now live, and it’s already turning heads! This powerful tool lets users stay on top of every single transaction happening on the network in real-time. With its slick and super intuitive interface, tracking key details like transaction IDs, block numbers, and fees has never been easier. No more missing out on the action as BlockDAG Explorer keeps users connected to every move on the network.

But it’s not just the everyday users who are excited. Developers are rushing in, eager to explore such a well-designed tool. The momentum around the BlockDAG ecosystem is shifting fast, and with the Explorer now live, things are heating up. BlockDAG is quickly becoming the top trending crypto, and it’s not hard to see why.

BlockDAG has raised a record-breaking $92 million in its presale from selling over 13.9 billion coins. In the current batch 24, each coin is priced at $0.0206 giving early holders a 1960% return since batch 1.

With a growing community, a strong presale performance, and now the launch of a real-time transaction tracker, BlockDAG is showing that it has the tech to back it up. The buzz around this project is only getting louder, and it looks like BlockDAG is on track to dominate the market. This is one crypto everyone should be watching right now!

Top Trending Cryptos

As the Ripple vs. SEC lawsuit drags on, XRP investors remain hopeful for a positive outcome despite the uncertainty. Toncoin also faces significant selling pressure, but it still has the potential to turn things around if it can reclaim key support levels. Meanwhile, BlockDAG is riding a wave of excitement with the launch of its Explorer, showing that innovation continues to drive growth in the crypto space.

The buzz around this new tool has sparked fresh interest from both traders and developers, positioning BlockDAG as one of the top contenders in the market. BlockDAG’s potential for long-term success makes it a hot new commodity in the crypto world.

Discover More About BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: BlockDAG

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