Investors and crypto enthusiasts are waiting for the next coin that could surpass Solana’s growth in 2023. Still, Ethereum Classic (ETC) isn’t one of them. ETC Classic price shows that it has recently been moderately volatile compared to other cryptocurrencies, placing it in the bottom 30% of cryptocurrencies.
BlockDAG (BDAG) emerges with its innovative features and profitable opportunities in the market. In this article, we will explore the potential of BlockDAG as an investment option. Will it be the next Solana? Read ahead to understand BlockDAG’s hybrid consensus mechanism and brilliant contract abilities to find the answer to this question.
Is SOL A Good Bet In 2024?
Solana (SOL) attracted the interest of investors and enthusiasts alike in 2023 when it surged in the cryptocurrency market. Solana, often called an ‘Ethereum Killer’, made waves in the crypto space due to its unique features such as fast transactions, inexpensive rates and an architecture using a hybrid solution that combines Proof-of-History and Proof-of-Stake.
Known for its tenacity and growth potential, Solana (SOL) held its ground, staying relevant in the competitive crypto game, and established a benchmark that new players are striving to match. But the real question: Is BlockDAG poised to emulate Solana’s (SOL) impressive trajectory?
Ethereum Classic showing Moderate Volatility
Ethereum Classic (ETC), the PoW version of Ethereum, has been relatively average in terms of volatility when compared to other cryptocurrencies. ETC’s moderate volatility implies the coin has moderate price swings and is well protected from price manipulation.
The Ethereum Classic price is above resistance, with the base at $23.22 and resistance approaching $24.55. This puts Ethereum Classic out of range and potentially volatile if the rally burns out. Moreover, it is hard to foresee what will happen with Ethereum Classic, given the absence of a roadmap, which makes its price prediction difficult.
Considering all this, there is no guarantee Ethereum Classic will maintain its position as the top dApp blockchain over the long term. In the past three years, Ethereum has outperformed Bitcoin regarding long-term returns. Unfortunately, we can’t predict that for Ethereum Classic as its price has always been highly volatile and prone to extreme sell-offs.
BlockDAG to Surpass Solana’s 2023 Surge
BlockDAG (BDAG), the world’s most advanced layer 1 blockchain, is being considered a replacement for Kaspa with its advanced features. An innovative Proof-of-Work (PoW) algorithm delivers industry-leading speeds, unbeatable security, and high decentralisation, enabling it to succeed as the next Solana.
Inspired by Kaspa, BlockDAG aims to have scalability, security, and decentralization that can accommodate the demands of decentralized finance and other DApps. BlockDAG builds on an improved PoW architecture that will use the DAG, or Directed Acyclic Graph, structure to register transactions in its ledger.
With BlockDAG’s layer 1 technology, users can access smart contracts, secure mining, and optimize performance. BlockDAG uses a hybrid consensus protocol to achieve network agreement and solve several critical challenges in decentralized networks, distinguishing it from traditional Proof-of-work consensus models. The primary problem it deals with is enhancing transaction security and mining efficiency.
With a hybrid consensus mechanism, BlockDAG reduces the reliance on a single algorithm, making it adaptable to various network conditions. Nevertheless, BlockDAG prioritises security while giving customers an adaptable platform with the Hybrid consensus and DAG technology. In addition, the hybrid consensus mechanism enhances decentralization by offering a much faster and more diverse validation approach.
Why BDAG Will 100X?
BlockDAG is an emerging cryptocurrency designed for the future, poised to replicate Solana’s remarkable 2023 journey and ascend even higher. Unlike Ethereum Classic, which lacks a clear roadmap, BlockDAG Coin has strategised to have a 6-month mainnet launch and an ambitious vision to achieve $600 million in 2024. The potential roadmap alone makes the BlockDAG ecosystem a worthy contender for 100x returns.
BlockDAG has been establishing a foundation for long-term sustainability as an emerging crypto coin by involving the community in the project’s success. It also aspires to have a vibrant ecosystem where users feel a sense of ownership and pride in contributing to the project’s development and success. As BlockDAG is poised to be the next Solana, the investor community is excited to see the BlockDAG coins grow in value
Invest in BlockDAG Presale:
- Presale: https://purchase.blockdag.network
- Website: https://blockdag.network
- Telegram: https://t.me/blockDAGnetwork
- Discord: https://discord.gg/Q7BxghMVyu
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