BlockDAG Soars Ahead: Beta Testnet Achieves 800 TPS, Leaving BONK and Cosmos in the Dust

This week presents numerous opportunities for cryptocurrency enthusiasts to examine as Cosmos (ATOM) aims to maintain support, BONK approaches a crucial resistance level, and BlockDAG (BDAG) gains momentum with its recent Beta Testnet release. While Cosmos continues to face challenges due to prolonged periods of decline, BONK shows promising indicators, catching the eye of investors anticipating a potential upward surge.

Meanwhile, BlockDAG has made waves with genuine advancements rather than mere pledges. Its Beta Testnet has achieved an impressive 800 transactions per second (TPS), and initial supporters have seen their investments soar by 2,380%. Alongside raising more than $219.5 million, this traction gives BlockDAG a solid argument for potential significance in the future.

Cosmos (ATOM) Struggles to Gain Momentum Following an 18% Monthly Decline

Despite efforts to recover, Cosmos continues to face persistent selling pressure, declining by 18% within the last month and 13% over the previous half-year period. The current market behavior has kept ATOM's trading range between $3.50 and $5.15, encountering robust resistance around the level of $5.92.

Around the support level of $2.62, consistent purchasing interest has emerged, aiding in stabilizing price fluctuations. According to technical indicators, the RSI is lingering just above 41, indicating bearish dominance yet suggesting potential for an uptick should dip purchasers become more active.

Although Cosmos doesn’t currently show strong forward movement, persistent attempts to reclaim lost territory might result in a change of fortune should overall market mood alter. Market participants keep an eye out for a definitive breakthrough above key resistances that could initiate a fresh uptrend.

BONK's Price Momentum Intensifies as It Approaches Resistance

The BONK price is climbing higher, with an increase of 8% this week to hit $0.00001366. Trading volume has surged dramatically by 102%, totaling $165.77 million, indicating growing interest as a possible breakout looms.

The resistance ranging from $0.00001520 to $0.00001565 has halted prior upswings, yet buying pressure stays robust within the support zone of $0.00000890 to $0.00000960. Technically speaking, an upward breakout above this resistance level might initiate additional gains for BONK.

Meanwhile, traders keep utilizing the sideways pattern for rapid trades confined within a specific range. As trading volume increases and momentum gathers strength, BONK continues to be among the most dynamic meme coins worth monitoring at present.

BlockDAG's Beta Testnet Reaches 800 TPS, Spurring New Growth Opportunities

BlockDAG has launched its Beta Testnet, and the performance metrics have quickly garnered significant interest. According to information shared during an AMA session, the network currently handles 800 transactions per second, marking a twofold increase from theAlpha stage capabilities.

This initial outcome is considered merely the start, as creators aim for above 2,000 transactions per second (TPS) when launching their mainnet. Unlike conventional configurations, currently, fifty percent of the active nodes within the BlockDAG network are managed by individual users. This design facilitates immediate modifications, interactive feedback mechanisms, and community involvement in decision-making processes, thus fostering a stronger and more adaptable system.

The BlockDAG presale is continuing to attract interest, having amassed over $219.5 million and selling 19.4 billion tokens so far. Participants who joined early have witnessed returns of up to 2,380%. In order to broaden involvement, BlockDAG has reduced the cost for Batch 27 from its initial price down to $0.0025, providing easier entry prior to the subsequent increase expected towards $0.05 per token.

In addition to pre-sale expansion, BlockDAG’s deployment plan encompasses the release of three testnets, having over one million smartphone miners using the X1 application, and selling more than 17,000 ASIC units globally. They have also initiated technical enhancements such as making the platform Ethereum Virtual Machine compatible along with supporting WebAssembly.

The Beta Explorer enhances functionality through features such as enabling no-code token generation, NFT issuance, and streamlined vesting configurations. As acceptance grows and international collaborations broaden, BlockDAG is establishing itself as an initiative poised for long-term success.

Key Market Trends Show Varied Directions

While Cosmos keeps battling to bounce back after significant setbacks, the BONK price is pushing against its resistance level. This situation is drawing the interest of swing traders toward Cosmos, whereas BONK has turned into a key target for those focusing on short-term gains.

Nevertheless, BlockDAG sparks the most intense discussions. With its significant achievement of reaching 800 TPS during the Beta Testnet phase, along with expanding its decentralized network and offering impressive early returns of 2,380%, substantial interest has been generated. Currently priced at $0.0248 for newcomers, BlockDAG’s advancement towards establishing itself as a key layer 1 solution continues to make noticeable strides forward.