The post BlockDAG’s Testnet Draws in Developers: What Does This Means for AVAX and KASPA appeared on BitcoinEthereumNews.com.

This year, KASPA has made notable progress with its KRC-20 smart contracts, achieving a 250% increase in its market price. AVAX also shows promising growth, with forecasts suggesting further climbs if the current momentum continues. However, the center of activity is BlockDAG, whose recent testnet launch has turned it into a developer favorite, complete with EVM compatibility and advanced smart contract capabilities. Beyond attracting tech enthusiasts, this development has drawn substantial buying interest, with nearly $73.7 million raised in presales and projections of up to a 1000x ROI, signaling intense buying activity from major traders. Significant Growth Driven by KASPA Smart Contracts In 2023, KASPA demonstrated considerable growth, with a 250% appreciation driven by the launch of its KRC-20 tokens. These tokens enhance KASPA’s mainnet with smart contract functionalities, allowing it to rival major Layer-1 blockchains. The network’s ability to handle significant transaction volumes effectively has been confirmed by one of the GHOSTDAG protocol’s co-authors, marking an important achievement for KASPA. This capability positions it strongly within the decentralized application space and broader blockchain technology market. AVAX Price Potential: Aiming for $40 Avalanche (AVAX) is attracting attention as its price approaches a critical milestone, currently trading at about $23.28. It recently surpassed a bullish triangle pattern, indicating the potential for additional gains. Over the past month, AVAX has increased by 13.68%, with technical indicators suggesting the possibility of reaching higher price points at $28, $33, and potentially $40. However, there is a cautionary note that a reduction in buying pressure could see the price retract to levels of $20.45 or even $17.29. As AVAX continues to rally, market fluctuations and potential regulatory changes are factors that investors need to monitor closely. Exploring BlockDAG’s Testnet: A Prelude to Exponential ROI? BlockDAG’s testnet has rapidly become a crucial hub for blockchain developers…

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Filed under: News - @ September 21, 2024 11:01 pm