Monero price rises on privacy demand as BlockDAG presale hits $2 million

Monero has seen a significant price increase, rising 4.2% in 24 hours to approximately $411.50. Over the past month, the privacy-focused cryptocurrency has gained 24%, outperforming its 200-day moving average by more than 16%. This upward trend is attributed to growing demand for anonymous assets as investors seek non-censurable money in response to increased financial surveillance and capital controls.

In a separate market development, the BlockDAG (BDAG) presale recorded more than $2 million in inflows within a 24-hour period. The project is currently in its first stage with a price of $0.002, positioned against a projected launch price of $0.10. BlockDAG is developing several ecosystem components, including the X1 Miner, a Super App, and the BlockDAGX exchange.