Against the backdrop of crypto market fluctuations, BlockDAG has announced the launch of global hackathons to develop new decentralized applications. This move could significantly impact the market and strengthen BlockDAG's position.
BlockDAG and Hackathons: A New Development Phase
BlockDAG, in collaboration with HackerEarth, is launching global hackathons with up to 15,000 developers expected to participate. These events aim to create over 201 new decentralized applications (dApps), significantly expanding the BlockDAG ecosystem. The hackathons will cover key areas such as DeFi, gaming, and NFTs.
Avalanche Price Prediction: Growth or Decline Ahead?
Current Avalanche (AVAX) price prediction stands at $22.54, with potential fluctuations from $18.28 to $33.97. CoinCodex anticipates a moderate increase to $22.41 by the end of March, while InvestingHaven suggests a broader range from $26.02 to $95.11. The resistance level at $32.43 may also signal forthcoming volatility.
Factors Influencing Polkadot's Price
Polkadot's price prediction places it at $4.88, with potential movements expected in the coming months. CoinCodex foresees an increase to $5.52 by April 2025, while InvestingHaven offers a broader projection from $4.81 to $18.01. The critical resistance level is identified at $14.04. The recent 12% price increase was driven by Grayscale's Polkadot ETF filing.
Price predictions for Avalanche and Polkadot remain uncertain, highlighting both potential upsides and downsides. While AVAX and DOT continue to develop their ecosystems, BlockDAG stands out with its developer engagement initiatives through global hackathons. This strategic direction could not only strengthen their ecosystem but also increase BDAG's market resilience through growth in the quantity and utility of dApps.
