Stability demonstrated by Chainlink and Avalanche, but BlockDAG's $405 million presale sets a more impressive benchmark
BlockDAG, a promising contender in the cryptocurrency landscape, has made waves with its successful presale, raising over $405 million towards a target of $600 million. This impressive fundraising round has been supported by a number of prominent investors, including Blockchain Capital, Fenbushi Capital, GBIC, Pantera Capital, NGC Ventures, and Alameda Research.
The presale has also attracted the participation of more than 3 million mobile miners, who are mining BDAG on a daily basis. With over 312,000 holders across 130 countries, BlockDAG has managed to achieve adoption levels that some top-20 coins take years to reach.
BlockDAG's X1 app is one of the largest active bases before launch in the crypto market, indicating a strong user interest in the platform. The app is designed to provide a seamless and user-friendly experience for mobile mining, making it accessible to a wide audience.
Looking ahead, BlockDAG is projected to secure 100+ blocks per second, providing a scalable and efficient solution for the growing demands of the crypto market. The platform is also home to over 300 dApps in development, further expanding its ecosystem and potential.
In a related development, Avalanche (AVAX), another Layer-1 blockchain, is maintaining relevance by pushing modular blockchain design. Avalanche allows developers to launch app-specific chains with greater efficiency, making it an attractive option in a competitive environment. As of writing, Avalanche is trading near $25.24.
Meanwhile, Chainlink (LINK), a leading oracle network in decentralized finance (DeFi), continues to play a significant role in the sector. Chainlink provides data feeds for prices, weather, and financial metrics across various ecosystems. The network has partnerships with major financial institutions and has rolled out its Cross-Chain Interoperability Protocol (CCIP). As of writing, Chainlink is trading at around $23.77 per coin.
Despite the impressive growth of both BlockDAG and Avalanche, Chainlink is considered a long-term enabler of secure digital infrastructure due to its role in DeFi's expansion and the growth of stablecoins and digitalized assets.
Interestingly, the confirmed $0.05 listing price of BlockDAG indicates an upside of 3,740%, making it an exciting investment opportunity for many. The current presale price of BlockDAG is $0.0013.
With a growing developer community of 4,500, BlockDAG is poised for continued growth and innovation in the crypto market. The platform's success in fundraising and adoption is a testament to its potential and the interest it has generated among investors and users alike.
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