The market has been raving about three top crypto projects of this month. First up, Ethereum co-founder Vitalik Buterin has been revealed as a
Three top crypto projects have been making headlines in the buzzing digital asset market this month. Here's a closer look at each project and the latest updates surrounding them.
1. ETH Co-Founder Vitalik Buterin Is Now a Dogecoin Whale
In a surprising twist to the Dogecoin (DOGE) saga, Ethereum co-founder Vitalik Buterin recently revealed himself to be a Dogecoin whale at the EDCON event in Tokyo. Appearing in a kimono and horse-head mask, Buterin sparked curiosity and excitement among the audience with his humorous declaration.
Donning the horse-head mask to conceal his identity and slipping into the role of a meme enthusiast, Buterin's presence at the event aimed to highlight Dogecoin's enduring status as a favorite among crypto enthusiasts.
Despite joking that there's no logic behind his Dogecoin investment, Buterin's significant contributions to the Dogecoin Foundation and discussions about Dogecoin's potential switch to Proof-of-Stake have fueled speculation about an Ethereum-Dogecoin collaboration in the future.
2. Toncoin Forecast Uncertain Following A 12% Dip
After an impressive rise this year, recent trends indicate that Toncoin's rally might be cooling off. With a 12% dip this month, the price currently stands at $6.82. Toncoin's success in the GameFi space, with big names like Hamster Kombat using its blockchain, has largely contributed to its recent rise.
However, Google Bard indicates that Toncoin's pace of onboarding new games is slowing, and the GameFi sector is becoming oversaturated. While Toncoin still holds promise, the market's saturation suggests it might face a period of consolidation extending beyond August.
3. BlockDAG’s 1600% Surge Triggers Whale Frenzy
BlockDAG's dashboard is buzzing with Whale activity, and for good reason. Since its debut, the BlockDAG presale has been nothing short of a blockbuster. Entering the scene at a humble $0.001 per coin, BlockDAG's price has soared by an incredible 1600% in batch 21, following 20 fully sold-out batches.
To put it into perspective, those who invested a mere $10k in BlockDAG during the first presale batch saw their investment swell to an astounding $170,000. Currently, each BDAG coin is priced at $0.017, but the buzz is that it’s set to hit $1 per coin. If one crunches the numbers, that's nearly 5,800% ROI for investors from batch 21.
Not surprisingly, both institutional investors and rookies are diving in, making hefty BDAG coin purchases. One glance at BlockDAG's dashboard shows that Batch 21 is selling out fast, with a recent Whale purchase clocking in at nearly $2.5 million, boosting the presale earnings to $65.6 million.
BlockDAG has also attracted over 100,000 loyal investors across 30 countries, thanks to its groundbreaking Block & DAG innovation. This game-changing technology aims to tackle the infamous blockchain trilemma of speed, security, and decentralization.
On the mining front, BlockDAG's miners are making waves. Its cloud mining app, X1 Miner, along with its hardware mining rigs, has become the gold standard in the mining community. The X1 app lets newbies mine up to 20 cryptocurrencies daily, while the mining rigs boast industry-leading hash rates that leave Bitcoin miners in the dust. To date, BlockDAG has sold nearly 10,600 miners, raking in about $4.3 million from miner sales alone.
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