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Crypto Reporter

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BlockDAG or Kaspa: Who Will Hit $1 First? Unpacking VeChain’s Outlook

August 21, 2024 By CryptoReporter

In the ever-shifting world of cryptocurrencies, BlockDAG is quickly becoming the talk of the town. With a jaw-dropping 1,680% surge in price and a community of 100,000 supporters spanning 30 countries, BlockDAG’s recent development releases could be setting the stage for a seismic shift in the market.

As the latest Dev Release 92 rolls out fresh updates and fixes, one burning question lingers: Will BlockDAG hit $1 per coin before KASPA?

Meanwhile, VeChain’s price forecast remains cautiously optimistic, with expected values between $0.025 and $0.040 in the coming months.

KASPA’s Future Clouded by a 25% Price Drop

Kaspa (KAS) is in the spotlight, but not for the right reasons. Despite a 180% spike in trading volume over the past 24 hours, Kaspa’s price took a steep dive, falling over 25% to hit a low of $0.1315.

Only a week ago, hopes were high for Kaspa to reach $1, but a market-wide slump has shifted the focus to whether the drop is the result of profit-taking. As Kaspa maneuvers through these rough waters, investors are keeping a close eye on its next move.

VeChain Price Prediction: A Cautious Optimism Among Investors

The first part of 2024 has been a rollercoaster for the crypto market, but VeChain has shown signs of strength, rising from December 2023 to March 2024. Starting the year at $0.025, VeChain now trades at $0.023, after touching a high of $0.055.

VeChain’s upward potential is underpinned by growing interest from enterprises and governments in blockchain technology for supply chain management and verification. With a forecast range between $0.025 and $0.040 and an average trading price around $0.30, investors are cautiously optimistic about VeChain’s prospects this year.

BlockDAG’s Dev Releases Stir $1 Coin Speculation

The old saying, “Fortune favors the bold,” fits BlockDAG perfectly as it continues to push boundaries with its frequent development updates.

BlockDAG, now one of the hottest topics in crypto circles, has sold out 20 presale batches, amassing nearly $67 million, and has seen its price skyrocket by 1,680%. With 92 development updates already listed and more in the pipeline, BlockDAG shows no signs of slowing down. The latest Dev Release 92 underscores this relentless pace.

After thorough testing, BlockDAG released a new patch for the X1 app on TestFlight, improving phone number validation through a new third-party API for quicker onboarding. Design tweaks and bug fixes have made the user interface even more user-friendly, while a new admin panel allows for instant updates to FAQs and notifications.

BlockDAG has also adjusted its mining rates, holding the normal rate at 0.83 BDAG/hour and revising the referral rate to 0.05 BDAG/hour. The shift from Devnet to Testnet marks a significant milestone, with over 100,000 users and rewards for early supporters. Transitioning requires 7,500 BDAG from the presale to ensure a seamless experience for initial backers.

Upgrades to the blockchain explorer include new APIs for blocks and transactions, offering detailed insights and the ability to trace UTXO flows. A faucet page for devnet tokens and a chain-switching feature enhance the ecosystem’s navigation.

BlockDAG’s continuous development has won the trust of over 100,000 holders in more than 30 countries. Its rapid growth is evident, with 22 presale batches selling out quickly. Priced currently at $0.0178 per coin, BlockDAG’s mainnet launch is just around the corner, in less than two months.

Following this launch, BlockDAG could be on track to hit $1 per coin this year. The rising demand for BDAG coins is clear, with the 22nd batch selling out swiftly, spurred by whale purchases as large as $2.5 million.

Get in on the Top Trending Crypto Today!

The facts laid out here tell a compelling story: KASPA’s future is uncertain, with profit-taking casting a shadow over its $1 prediction, while VeChain’s outlook remains cautiously positive. But BlockDAG seems to be outpacing them both. Its latest development releases have drawn significant attention, amassing over 100,000 supporters and fueling $1 coin speculation.

Buy the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: BlockDAG

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