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Cryptocurrency News Articles
BlockDAG (BDG) Shines Amid Market Downturn, Offering Miners a Chance to Earn 30,000x ROI
Sep 21, 2024 at 02:00 am
Cardano (ADA) has shown some growth in various areas last month, even though the overall market slump has impacted its price. Right now, it’s hard to say exactly where Cardano is headed. On the other hand, the Cosmos Ecosystem’s ATOM is going through a tough time, with its price down nearly 80% from its high in 2024.
Despite the overall market downturn, Cardano (ADA) showed some growth in various areas last month. However, its price was impacted by the broader market conditions.
Cardano (ADA) experienced notable growth in several key areas during August, suggesting a promising future for the network. This growth coincided with the successful implementation of the Chang upgrade on September 1. Despite the overall market downturn, more people were using and investing in Cardano. For instance, smart contract transactions increased by 31%, and metadata transactions grew by 20%, although simpler transactions decreased by 49%.
In total, Cardano processed 95.9 million transactions in August, marking a 1.51% increase. Charles Hoskinson, the founder of Cardano, mentioned a “90-day bootstrap phase” that will bring significant governance changes. Meanwhile, ADA’s price recently climbed nearly 3% to $0.344, but it still ended the month with a slight decline of 1%.
With the Chang upgrade now live, Cardano is preparing for the next phase of its development, known as the Basho era. This phase will focus on optimizing the network's performance, security, and scalability. As part of this effort, Cardano will be introducing several new features, including transaction batching, improved light clients, and a new consensus mechanism.
Collectively, these upgrades are expected to enhance Cardano's capabilities and make it more accessible to a broader range of users. As a result, the network is well-positioned to continue expanding its presence within the crypto market.
Cosmos (ATOM) price dropped drastically, but there’s still hope
The price of ATOM has fallen dramatically, affecting the entire Cosmos ecosystem. From a 2024 high of $14.19, ATOM’s price now sits at $3.92—a nearly 80% decrease. However, there is still hope on the horizon.
The upcoming launch of Cosmos’s Interchain is expected to improve how different blockchain networks work together, linking networks like Cosmos Hub, Celestia, dYdX, and Injective.
The ATOM token plays a key role in the Cosmos ecosystem, helping to secure the network and motivate developers. Cosmos, which has the fourth-largest developer community, still has potential. However, buyers may find more profitable opportunities in projects built on the Cosmos network, as ATOM tends to benefit developers more than direct buyers.
BlockDAG AMA: Tips for huge potential returns for early miners
During a recent BlockDAG AMA, miners got some great insights on how to secure big rewards from the network. BlockDAG’s ongoing presale has already raised a whopping $73.5 million, making it one of the biggest in the history of crypto. This conversation pointed out how rare this opportunity is.
Right now, BlockDAG’s coin is priced at $0.0178, and it has seen an incredible 1680% increase in value since it started. With the network growing so fast, the goal of hitting $1 by 2025 might come even sooner. Miners looking to make the most out of this should act quickly.
The AMA also shared that miners who hold onto their rewards could see even bigger benefits later on, like huge returns and special perks. Those who get in early might witness their purchases skyrocket, potentially earning a 30,000x ROI.
After these details were shared, there was a noticeable increase in big buyers, known as whales, getting involved in BlockDAG. This surge of whale activity shows just how promising the network is and why miners should jump in now if they want to strike it big in crypto.
This chance to earn significant rewards, along with BlockDAG’s successful presale, gives early miners a unique chance to benefit from what’s coming next.
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- MicroStrategy CEO Michael Saylor Spills the Beans About Major US Banks Being Allowed to Custody Bitcoin in the Near Future
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