The past month has been a series of unexpected shocks for holders of prominent crypto coins POL and Kaspa. Despite Polygon’s highly-anticipated POL upgrade, POL’s value plummeted by 24%. Kaspa’s price has also dropped by 4.66% since last week, a decline credited to panic-selling amongst short-term holders.
A bright spot in this harsh environment is BlockDAG’s testnet launch. The debut highlights the technological excellence and dedication of the team behind the project. Enthusiasts’ response to the launch has already driven the presale to $76 million. Now, analysts predict a potential 30,000x ROI. Supported by an excellent team and growing holder confidence BlockDAG is moving closer to this projection every day.
POL Upgrade Disappoints: Challenges Ahead for Polygon
Polygon is in a difficult position after the recent POL upgrade of its former token MATIC, failed to revive its price. Instead of driving growth, MATIC’s value has dropped by a shocking 24.02% in the last month, showing continued bearish trends. The upgrade is part of Polygon 2.0’s broader plan. While it was expected to generate momentum, it hasn’t sparked the price recovery many investors hoped for.
Although the Polygon 2.0 initiative promises further upgrades and a focus on community involvement, the underwhelming impact of this upgrade has left investors cautious about POL’s near-term prospects.
KASPA Price Takes a Hit As Selling Pressure Intensifies
Last week, KASPA’s price experienced a 4% price dip alongside a 10.44% decline in trading volume. Analyst Jim (@Cryptographur on X) noted that much of the selling pressure stemmed from short-term holders, who lack conviction and have held the asset for less than six months.
This group often sells out of fear, particularly during price dips. In contrast, long-term holders remain confident, as they are in profit and less inclined to sell. Jim’s chart illustrates that increased price volatility has led to panic selling among short-term holders, worsening KAS’s price fluctuations.
BlockDAG’s Testnet Signals 30,000x ROI Breakthrough
The crypto market is infamous for its instability, making it tough for enthusiasts to choose from the many new projects. With its carefully planned roadmap, BlockDAG comes as a breath of fresh air in this volatility.
BlockDAG’s testnet has become a massive sensation among tech enthusiasts, allowing them to freely experiment with the most exciting blockchain features on the market. Users only need 7,500 purchased BDAG coins to migrate them from the devnet to the testnet.
The testnet showcases DAG technology. This technology gives users a platform that boasts unmatched efficiency and application-building capabilities. The exceptional speed and inventive tools BlockDAG offers completely outperform established competitors, allowing users to bring their most imaginative projects to life.
The presale, which reaches $76 million, speaks for enthusiasts’ strong belief in BlockDAG’s technology and vision. Because of BlockDAG’s continuous progress, many analysts forecast a potential 30,000x ROI in just a few years. The testnet further reinforces this projection, showing the BlockDAG team’s commitment to taking the project to the greatest heights possible.
As the network continues on its roadmap, early holders could see once-in-a-lifetime crypto returns.
Top Performing Crypto In 2024
Holders of both Kaspa and POL are on high alert, hoping for upcoming developments to turn the tide for coins. The results of Polygon 2.0’s approaching POL upgrades now bear the mammoth task of reviving the coin’s price. Meanwhile, Kaspa’s price could see an improvement if the ongoing selling pressure reduces.
However, BlockDAG’s trajectory, driven by its spectacular testnet debut and daily increasing presale, points to a promising future for the network. The 22nd presale batch has already sold out, and the 23rd batch is also expected to sell out quickly. Enthusiasts seeking the top-performing crypto on the market should act fast before the coin’s value increases.
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