The post Kaspa and Polygon Holders Consider BlockDAG Post-Testnet Launch, Presale Surges to $77M  appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp This past month has brought unexpected losses for owners of the well-known cryptocurrencies POL and Kaspa. Despite Polygon’s eagerly awaited upgrade of POL, its value has fallen by 24%. Also, Kaspa’s price has dropped by 4.66% since last week, a decline mostly due to panic selling by those who haven’t held their coins for long. However, there’s a silver lining with the launch of BlockDAG’s testnet. This debut showcases the team’s technical prowess and their commitment to the project. The enthusiastic reaction to the launch pushed the presale to a whopping $77 million. Crypto experts now see a potential for a 30,000x ROI. With a skilled team and increasing holder confidence, BlockDAG is gradually moving toward this goal. POL’s Upgrade Disappoints: Tough Road Ahead for Polygon Polygon finds itself in a tight spot after its recent upgrade to its old token, MATIC, which did not boost its price. Instead, MATIC’s value has tumbled by 24.02% over the last month, continuing a downward trend. This upgrade was supposed to help regain momentum as part of the larger Polygon 2.0 strategy, but it failed to trigger the expected price recovery. Even though the Polygon 2.0 project plans more upgrades and aims to involve the community more, the lackluster results of this upgrade have made many wary of POL’s prospects in the near future. Advertisement &nbsp Kaspa’s Price Drops as Selling Intensifies In the last week, Kaspa’s price has fallen by 4%, with trading volume decreasing by 10.44%. Analyst Jim (@Cryptographur on X) observed that this selling pressure mainly comes from recent buyers who’ve owned their assets for less than six months. These holders often sell their holdings in fear during market dips. In contrast, those who have been in the market longer remain hopeful, as they are still seeing…

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Filed under: News - @ September 28, 2024 5:20 pm