As the crypto market evolves, several key players are making headlines. BlockDAG‘s visionary path drives impressive presale success, with CEO Antony Turner sharing insights into the network’s innovative features and future goals. With its current achievements, BlockDAG is positioning itself as the next crypto to hit $1 by 2024.
Meanwhile, The Polkadot (DOT) price faces potential declines, with indicators suggesting a bearish trend and reduced social volume. Simultaneously, speculation is growing around a potential Cardano ETF, following Ethereum‘s recent spot ETF launch. Cardano’s upcoming Chang hard fork and transaction growth signal positive momentum despite concerns over centralisation risks.
Polkadot (DOT) Price Faces Potential Decline
Polkadot (DOT) price is hovering around $6, and holders may see further declines unless there is a significant change. Indicators suggest a bleak outlook, with Polkadot (DOT) price showing poor risk-adjusted returns according to its Sharpe ratio. The current Polkadot (DOT) price is struggling, trading below the Exponential Moving Average (EMA), indicating a bearish trend.
Social volume for Polkadot is also down, reflecting lower demand and interest. If bulls don’t intervene, the Polkadot (DOT) price could continue to drop. However, if the broader altcoin market sees an upswing, Polkadot (DOT) price might attempt to recover and rise above current levels.
Cardano Gains Attention Amidst ETF Speculations
Speculation is growing around a potential Cardano ETF following the recent launch of Ethereum‘s spot ETF. Cardano founder Charles Hoskinson hinted at interest in the ADA ETF, responding playfully on social media. Some community members are concerned about centralisation risks.
Despite the uncertainty, Cardano shows positive momentum with the upcoming Chang hard fork and continued transaction growth. Nearly 247 community members have completed DRep onboarding in preparation for the upgrade. Although the total value locked (TVL) has decreased from its peak, it is still on an upward trend, indicating ongoing development in the Cardano ecosystem.
BlockDAG’s Visionary Path: The Road To $600M
Antony Turner, CEO of BlockDAG, recently shared exciting insights into the network’s user experience, product development, and future goals. BlockDAG, a Layer 1 blockchain, provides a robust base technology layer, enabling developers to build various applications and functionalities.
Users can expect features like a Block Explorer, nearing completion, and a mobile app that allows earning coins through proof of engagement. Turner emphasised ongoing developments, stating, “There are other unique features we’re developing that will further attract developers to our ecosystem.”
In the short term, BlockDAG aims to complete its utility coin presale, which has reached $63.9 million and aims for $600 million in 2024. Afterwards comes the Mainnet launch and listing on at least five exchanges. Long-term goals include encouraging third parties to build on their chain, developing an active community of developers and supporters, and establishing a Swiss foundation to manage presale proceeds transparently for the community’s benefit.
Turner’s journey into crypto began in 2018 when he co-founded SwissOne Capital, an index fund for the top 50 crypto assets. Despite launching during the 2019 crypto winter, the fund persevered and thrived. He later joined a digital assets investment company in Canada and Switzerland, aiding in its listing on the Canadian Securities Exchange.
Turner acknowledges Bitcoin as the gold standard but sees its limitations in speed and cost for real-world applications. BlockDAG leverages innovations like the Directed Acyclic Graph (DAG) to enable parallel transaction execution, enhancing efficiency and scalability.
BlockDAG’s vision is clear: “Our vision is to launch a blockchain that addresses the limitations of other chains out there today in terms of speed, decentralisation, and efficiency. And in achieving this we hope to advance the future of blockchain as a technology for the good of all people.”
With its innovative approach and commitment to overcoming current blockchain challenges, BlockDAG’s price stands at $0.017 in the 21st batch and could very well be the next crypto to hit $1 by 2024, pushing the frontiers of speed, security, and decentralisation.
Concluding Thoughts
Unlike Polkadot (DOT), which shows signs of struggle unless significant changes occur, the anticipation around a Cardano ETF is growing, fueled by Cardano’s ongoing developments and the founder’s hints. BlockDAG, under Antony Turner’s leadership, continues to make strides towards its ambitious goals. With its current presale success and innovative approach, BlockDAG stands out as a strong contender in the crypto market. As it aims for $600 million presale revenue in 2024, BlockDAG could be the next crypto to hit $1, setting new standards in speed, security, and decentralisation.
Join BlockDAG Presale Now:
- Website: https://blockdag.network
- Presale: https://purchase.blockdag.network
- Telegram: https://t.me/blockDAGnetworkOfficial
- Discord: https://discord.gg/Q7BxghMVyu
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