BlockDAG Approaches $100M: Time for Avalanche and Shiba Inu Whales to Reevaluate Their Investments
The post BlockDAG Approaches $100M: Time for Avalanche and Shiba Inu Whales to Reevaluate Their Investments appeared on BitcoinEthereumNews.com.
As 2024 nears its end, both Avalanche and Shiba Inu are pulling out all the stops to ensure a strong finish. Avalanche has rolled out AVAX incentives aimed at enhancing its ecosystem, attracting a fresh wave of users and developers. Simultaneously, Shiba Inu has significantly increased its token burn rate, which has not only elevated SHIB prices but also reignited interest among the crypto community. Amidst these developments, BlockDAG (BDAG), with its sophisticated Layer 1 blockchain ecosystem, is capturing the spotlight in the market’s recent surge. BlockDAG’s testnet unveiled recently, has earned widespread acclaim from both industry experts and users, with some predicting it could surpass even Solana in terms of performance and scalability. This impressive achievement has propelled the momentum of BlockDAG’s $99 million presale, drawing significant participation from major players and rapidly approaching the coveted $100 million milestone. This level of success positions BlockDAG as potentially the best new cryptocurrency on the market. Avalanche’s BOOST Campaign Ignites Interest with AVAX Incentives WOOFi, a prominent omnichain decentralized exchange, has initiated the Avalanche BOOST Campaign, which is designed to distribute 10,000 sAVAX over 12 weeks starting October 7. Through WOOFi Earn and the Cross-chain Carousel, participants have the opportunity to gain AVAX incentives. Specifically, in WOOFi Earn, 8,000 sAVAX are allocated for users who deposit into AVAX, USDC, or BTC.b vaults, with rewards accruing instantly. An additional 2,000 sAVAX are available through the Cross-chain Carousel, which highlights a different Avalanche protocol each week. Participants can exchange assets into the featured token, sharing a weekly pool of $5,000 in sAVAX based on their trading volume. Ben Yorke, VP of WOO Ecosystem, stated that this campaign not only boosts liquidity but also offers seamless opportunities for earnings on a scalable and environmentally friendly platform. With support for 11 blockchains and a trading…
Filed under: News - @ October 19, 2024 4:27 am