Amid news of potential Federal Reserve rate cuts, Dogecoin surged by 7%. However, the spotlight shines more brightly on BlockDAG, which raised $208 million in presale, outlining an ambitious roadmap to achieve 15,000 TPS by 2024.
Dogecoin Rises on Fed Rate Optimism
Dogecoin experienced a 7% increase following favorable macroeconomic news including a softer stance by the Federal Reserve. Currently trading at approximately $0.18, the future outlook remains uncertain for analysts due to low trading volume.
BlockDAG's Success in Funding Round
BlockDAG not only raised $208 million but also announced plans to achieve 15,000 transactions per second (TPS) within two years of mainnet launch. CEO Antony Turner emphasized that their approach focuses on pragmatic development with clear strategies for technological advancement.
BlockDAG's Technological Plans and Test Network
BlockDAG's test network now supports faster transactions and various applications, including token and NFT creation. To encourage active engagement, the company is hosting a competition with a $60,000 prize pool, planning infrastructure expansion and developer inclusion.
While Dogecoin shows growth amid macroeconomic shifts, BlockDAG stands out for its long-term plans and technological achievements. Having raised $208 million, the project aims to not only improve TPS metrics but also to become a new milestone in the blockchain technology market.
