This past month has brought unexpected losses for owners of the well-known cryptocurrencies POL and Kaspa. Despite Polygon’s eagerly awaited upgrade of POL, its value has fallen by 24%. Also, Kaspa’s price has dropped by 4.66% since last week, a decline mostly due to panic selling by those who haven’t held their coins for long.
However, there’s a silver lining with the launch of BlockDAG’s testnet. This debut showcases the team’s technical prowess and their commitment to the project. The enthusiastic reaction to the launch pushed the presale to a whopping $77 million. Crypto experts now see a potential for a 30,000x ROI. With a skilled team and increasing holder confidence, BlockDAG is gradually moving toward this goal.
POL’s Upgrade Disappoints: Tough Road Ahead for Polygon
Polygon finds itself in a tight spot after its recent upgrade to its old token, MATIC, which did not boost its price. Instead, MATIC’s value has tumbled by 24.02% over the last month, continuing a downward trend. This upgrade was supposed to help regain momentum as part of the larger Polygon 2.0 strategy, but it failed to trigger the expected price recovery.
Even though the Polygon 2.0 project plans more upgrades and aims to involve the community more, the lackluster results of this upgrade have made many wary of POL’s prospects in the near future.
Kaspa’s Price Drops as Selling Intensifies
In the last week, Kaspa’s price has fallen by 4%, with trading volume decreasing by 10.44%. Analyst Jim (@Cryptographur on X) observed that this selling pressure mainly comes from recent buyers who’ve owned their assets for less than six months.
These holders often sell their holdings in fear during market dips. In contrast, those who have been in the market longer remain hopeful, as they are still seeing profits and are less likely to sell. Jim’s analysis indicates that this nervous selling by newer holders has made Kaspa’s price even more unstable.
BlockDAG Testnet Ignites the Crypto Scene with Groundbreaking Tech
The crypto market is notorious for its unpredictability, challenging enthusiasts to sift through numerous new projects. BlockDAG emerges as a stable force amidst this turmoil with its well-structured roadmap.
BlockDAG’s testnet has quickly become a hit with technology lovers, providing them a space to test the most advanced blockchain features available. To participate, users need to move 7,500 BDAG coins they bought from the devnet over to the testnet.
This testnet displays the capabilities of DAG technology, a system known for its superior efficiency and ability to create applications. The remarkable speed and creative tools that BlockDAG introduces surpass those of existing rivals, enabling users to realize their most ambitious ideas.
The presale, which has reached $77 million, reflects the strong faith enthusiasts have in BlockDAG’s technology and direction. Thanks to its steady advancements, many experts predict a possible 30,000x ROI within a few years. The testnet further solidifies this expectation, demonstrating the BlockDAG team’s dedication to pushing the project as far as possible.
As the platform progresses along its planned path, early backers might witness extraordinary crypto returns.
Last Verdict
Holders in both Kaspa and POL are eagerly watching for new updates that could potentially reverse their fortunes. The upcoming upgrades in Polygon 2.0 for POL carry the heavy responsibility of boosting the coin’s value. At the same time, Kaspa’s value might improve if the current selling pressure decreases.
Nonetheless, BlockDAG’s path, highlighted by its impressive testnet launch and consistently growing presale numbers, signals a bright future for the network. The 22nd presale batch has sold out, and the 23rd is anticipated to do the same rapidly. Those looking for the top-performing crypto should move quickly before the coin’s price climbs.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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