Dogecoin faces a recurring challenge, grappling with significant resistance and losing momentum. Although its price is just above $0.18, it's unable to surpass the 26-day exponential moving average, showing no signs of a strong upward trend. In contrast, BlockDAG is making headlines with its latest Layer-1 protocol presale, now more than a third of the way to its $600 million goal after a successful third keynote.
Keynote 3 highlighted not flashy new products but a solid infrastructure plan, smart contract capabilities, and support for developers. While Dogecoin is bogged down by speculation and social media chatter, BlockDAG (BDAG) is actively investing in its technology, crafting tools, and fostering a worldwide community with a clear mission. This strategic divergence sets them apart.
Recent weeks have been tough for Dogecoin supporters, with the price struggling to climb over the $0.18 mark. Technical analysis shows this level, indicated by the 26-day EMA, acting as a stubborn barrier. Despite a slight gain of 1.7% today, Dogecoin is under strain. Supporters now face higher resistance near $0.21 and $0.24, with potential dips to $0.16 and $0.14.
Dogecoin’s performance remains tied to the general trends of low-volume altcoin trading, lacking significant developmental initiatives typical of new blockchain platforms. It does not back a major DeFi project, is not EVM compatible, and its utility is mostly limited to speculative trading. Although Dogecoin's brand still appeals to casual market players, its absence of a development-focused ecosystem makes it hard to attract serious flows.
What the market now seeks is not just a trend but a foundational technology.
While Dogecoin continues to face hurdles at its resistance levels, BlockDAG has captivated the global crypto community—not just by its valuation but through significant development strides. The project has impressively gathered over $209 million within a mere 10 months, fueled by the success of its third keynote event. This event featured CEO Antony Turner and a team of blockchain specialists who showcased a network that is not only under development but already half-completed.
This latest keynote marked a pivotal moment, initiating the countdown to achieving BlockDAG's ambitious $600 million presale goal. Turner detailed how the funds would be utilized: launching the mainnet, expanding mining operations across X1, X30, and X100 setups, enhancing the protocol's capabilities, and providing grants for developers to create DeFi, NFT, and gaming applications.
BlockDAG's approach is straightforward and dynamic—rather than relying on mere projections, it is actively laying the groundwork to surpass traditional Layer-1 networks by building a robust, scalable, and versatile ecosystem from the outset.
A highlight of Keynote 3 was the thorough explanation of BlockDAG’s security setup. Youssef Khaoulaj, head of security for the project, highlighted the protocol’s design to resist tampering right from its start. It blends Proof-of-Work with a Directed Acyclic Graph (DAG) framework, which speeds up validations by spreading them across numerous nodes and reduces the risk of both 51% attacks and the rearrangement of transactions.
Key components such as smart contracts, vesting systems, oracles, and indexers are set to launch with top-tier security checks. Certik and Halborn have already approved the platform’s vesting smart contract, with a complete audit anticipated before the mainnet is operational. Additionally, Treasury operations employ Multi-Party Computation (MPC) to remove any single vulnerability points in asset management.
Turner confirmed that the aim is initially to handle 2,000 transactions per second and ramp up to 15,000 TPS within two years. This ambitious target draws from simultaneous processing and asynchronous consensus, giving developers a platform to handle large amounts without falling behind.
Presumably, during the keynote, a lot of enhancements were unveiled for the BlockDAG Academy. This educational program helps turn new Web3 developers up to free training, continued support, and hackathon events. With grants and an ambassador program currently running, it allows developers to get equipped worldwide. Clearly, BlockDAG is not intending to sit idly by waiting for the market's changes but is actively designing the infrastructure for upcoming growth.
Even though Dogecoin keeps the therapists busy on social media, its core nature has remained a speculative asset devoid of a significant developmental framework, developer backing, or intrinsic DeFi mechanisms. The continued struggle of Doge is perhaps indicative of a more profound infrastructural problem, one that goes beyond the market-based concerns.
While BlockDAG is seemingly busy developing its infrastructure, the community ecosystem supports education and cognizant participation in the process through active infrastructure realization. The US$600 million raising is a strategic initiative intended for regular product launches and blockchain optimization.
Keynote 3 demonstrated that BlockDAG does not simply want to follow where already established Layer-1 networks have gone; instead, it wants to establish the new benchmarks by which all others follow and will lead the next paradigm of blockchain innovation.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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