BlockDAG initiates an active test of its network, aiming to engage over 200 mining nodes and incentivize them with real rewards. This move is crucial for proving the viability of its decentralization model.
Cardano’s Growth Prospects
Crypto analyst Dan Gambardello predicts that Cardano (ADA) could reach $10 in the next bull cycle, which implies a 1300% growth from its current level of $0.70. Recently, the White House Crypto Working Group included ADA among the cryptocurrencies considered for U.S. government reserves, alongside Bitcoin, Ethereum, XRP, and Solana, adding credibility to the project.
Dogecoin and Market Challenges
Dogecoin (DOGE) faces a potential 30% decline, as chart patterns indicate a 'bear flag' — a signal for a sharp drop. Recent stabilization efforts led to a temporary rise, after which the price began to fall again. Despite the creation of the 'Official Dogecoin Reserve' holding 10 million DOGE, investor concerns persist.
Advantages of BlockDAG's Beta Testnet
BlockDAG is actively exploring its network's capabilities through its Beta Testnet. The project aims to attract over 200 mining nodes, testing the network infrastructure under heavy loads. The top 10 performing nodes will receive prizes of $2,000 in BDAG each, encouraging the participation of serious miners and real-world system testing.
BlockDAG's approach to testing its network represents a significant step towards technical development and decentralization. By offering real tests and incentives for participants, the project can prove its viability and readiness for the mainnet launch.
