Crypto startup BlockDAG assertively claims market dominance through its low-code, no-code proposition and successful $16.7M presale, overshadowing crypto heavyweights Bitcoin and Kaspa.
BlockDAG, an innovative blockchain project, has successfully concluded its presale, raising over $16.7 million. This significant milestone marks a promising start for the initiative that democratizes access to blockchain technology.
Behind this groundbreaking project is Kaspa, a company that has developed a low-code/no-code platform for blockchain development. Kaspa's unique selling point is its advanced GHOSTDAG technology, a variant of the Directed Acyclic Graph (DAG) protocol, which enables high scalability and efficiency beyond traditional blockchains.
The native currency of the BlockDAG ecosystem, BDAG, plays a pivotal role in the project.
The technical whitepaper of BlockDAG has generated considerable buzz, attracting significant investment. However, Kaspa's price has seen a 10% correction, with analysts predicting a further drop to $0.117. The current position of Kaspa below the Ichimoku Cloud indicates a bearish trend.
Despite the price fluctuation, analysts predict an extraordinary ROI of up to 30,000 times for BlockDAG. This prediction underscores the potential impact of the project on the digital currency landscape.
BlockDAG's low-code/no-code platform simplifies the usage of blockchain technology, encouraging innovation and reducing the time needed to bring ideas to market. The project's success was celebrated at a significant event held in the Las Vegas Sphere.
Meanwhile, Bitcoin ETFs have seen a total net inflow of $213 million over three sessions, indicating a growing interest in digital currencies.
As BlockDAG paves the way for future growth and development within the blockchain space, it is poised to revolutionize the digital currency landscape.
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