BlockDAG Price Prediction – Next 100X Crypto?
The post BlockDAG Price Prediction – Next 100X Crypto? appeared on BitcoinEthereumNews.com.
BlockDAG is off to a flying start – but can it maintain that momentum after hitting the open market? The project is in presale and has raised $69.9 million. This article examines its potential for further success. BlockDAG Set For Significant Gains After Presale BlockDAG is leading the way on the presale circuit regarding the total raised. Investors vote with cash – BlockDAG’s nearly $ 70 million raised makes it a clear favourite. We cannot understate the scale of raising $70 million at presale. For context, the BNB ICO raised $15 million in 2017. But more so than that, the attractive thing about BlockDAG is its use case. It’s tackling the blockchain trilemma. For the uninitiated, this is the belief that blockchains must sacrifice either scalability, decentralization, or security to prioritize the other two. Early models like Bitcoin and Ethereum choose decentralization and security while sacrificing scalability, while newer blockchains favour scalability. It was always a tug-of-war until the emergence of BlockDAG technology. BlockDAG is a new form of blockchain that allows blocks to be created in parallel. The result is a scalable, decentralized, and secure network. Kaspa is leading the way with this – its layer 1 blockchain is live and highly scalable. The project currently boasts a market cap of $3 billion, which provides some expectations for where BlockDAG could eventually go. BlockDAG also has benefits over Kaspa, such as smartphone-based mining, allowing everyone to participate in the network. Yet, we cannot benchmark BlockDAG’s price prediction purely on Kaspa’s value. Several factors throw this off, like Kaspa’s founder, Yonatan Sompolinsky, being one of the most respected individuals in crypto who published academic papers on scaling Bitcoin over a decade ago. Nevertheless, with new innovations and vast community support, BlockDAG’s future also looks bright. As to how far it…
Filed under: News - @ September 8, 2024 5:13 pm