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Cryptocurrency News Articles
BlockDAG Emerges as a Top Contender, Surpassing Cardano and BNB in Presale Inflows
Sep 28, 2024 at 01:57 am
As the crypto market picks up again, it's the newer projects attracting attention. Among them, BlockDAG has stood out with its advanced layer-1 ecosystem.
Cardano is counting on its developer community to drive innovation and boost performance, while BNB is experiencing a price surge following a period of volatility. As the crypto market recovers, newer projects are gaining attention. Among them, BlockDAG has made a strong impression with its advanced layer-1 ecosystem.
BlockDAG's presale is gaining momentum, surpassing market leaders like Cardano and BNB in recent inflows. The network has raised over $77 million, and its BDAG50 bonus code rollout ahead of a major rebrand is generating significant interest. This code is expected to propel BlockDAG's presale to new heights, positioning the project as one of the top crypto coins of 2024.
Cardano Founder Reacts to Bitcoin Integration Breakthrough
Cardano is making waves with its latest developments in blockchain interoperability. A Bitcoin developer, known as elraulito, has unveiled a seamless bridge between Bitcoin and Cardano apps. This bridge allows Bitcoin users to interact with Cardano's ecosystem without needing a new wallet.
From their existing Bitcoin wallets, users can send ADA, manage tokens, and stake in Cardano pools. This development has surprised even Cardano founder Charles Hoskinson, and it could pave the way for greater cross-chain connectivity.
The bridge utilizes a smart contract on Plutus V3, built using tools like Aiken and CIP69. It also employs a multivalidator for secure transactions and MeshJS to manage off-chain activities, ensuring smooth interactions. This integration not only enhances usability but could also attract a larger user base from other blockchain networks.
BNB Coin Price Surge: Pushing Toward New Highs
BNB has been on a strong upward trend, with a fresh increase above the $550 resistance zone. In recent updates, the BNB coin price surge had it testing the $600 mark, with the price consolidating around $585. This momentum has placed BNB in a favorable position, especially as it outperforms both Bitcoin and Ethereum.
If the price breaks through $600, it could climb higher, with resistance at $608 and the potential to reach $620 or beyond. However, if BNB fails to clear the $600 resistance, it could face a correction.
Key support levels are at $585 and $575, with the price at risk of dropping toward $560 if these levels don't hold. Despite the possible downside, BNB's recent rally has attracted significant attention, making it a notable asset for investors seeking short-term gains.
What's in the Upcoming BlockDAG Rebrand?
While Cardano and BNB are established players, BlockDAG is the newcomer turning heads. The network recently launched its testnet, a critical step toward releasing a fully functional mainnet.
BlockDAG's testnet allows users to connect their MetaMask wallets, mint BDAG coins, and interact with smart contracts, including staking and minting NFTs. A blockchain explorer offers transparency, letting users track transactions in real-time. This makes it easier for both developers and users to engage with the platform.
BlockDAG's approach is forward-thinking, supporting both UTXO and account-based transactions, which adds to its versatility. The project has already raised over $77 million during its presale, with early backers enjoying a staggering 1820% return.
One of the most exciting developments is the BDAG50 bonus code, which offers a 50% bonus on coin purchases and is available until mid-October. This initiative has drawn significant attention, helping BlockDAG outpace even market leaders like Cardano and BNB in terms of inflows during its presale stage.
BlockDAG's upcoming brand refresh is expected to further elevate its presence in the market, bringing fresh features and a more user-friendly interface. The combination of a well-thought-out roadmap, a growing community, and unique functionalities, such as EVM support and a seamless testnet experience, positions BlockDAG as a serious contender in the crypto space. For those looking for a high-risk, high-reward asset, BlockDAG presents an attractive opportunity.
The Final Take
While Cardano and BNB continue to hold value, BlockDAG is rapidly rising as a top contender for traders eyeing the next big opportunity. The network has raised over $77 million in its presale, delivering 1820% returns for early backers.
With its testnet launch and an upcoming rebrand, BlockDAG is gaining momentum fast. The BDAG50 bonus code, rolled out to celebrate the rebrand, offers a 50% bonus on all purchases until mid-October, attracting many traders. As BlockDAG builds one of the most advanced ecosystems, it’s poised to join the ranks of the top crypto coins 2024.
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