As Q3 begins, market participants are focusing on which cryptocurrency networks have strong setups for future bull cycles. This article reviews projects that might play a crucial role in the future.
BlockDAG: Early Access and Scalable Tech
BlockDAG is gaining attention due to its blend of Proof-of-Work and DAG design, allowing multiple blocks to be confirmed simultaneously. This reduces delays and enhances transaction processing speed. It employs PHANTOM and GHOSTDAG protocols, ensuring smooth operations even during peak times. With EVM support, Ethereum-built applications can operate here with minimal changes. No-code tools are available for creating applications and digital assets, attracting over 2 million users mining BDAG, with 200,000 holding BDAG. The presale is currently in Batch 29, with the price locked at $0.0016 until August 11, having raised over $334 million and sold 23.6 billion BDAG. The listing price is set at $0.05, suggesting a potential profit of 3,025%.
Avalanche (AVAX): Fast Execution and Real-World Use
Avalanche is currently priced around $18.17, with a market cap of approximately $7.6 billion. Known for its speed, the network’s subnet upgrades are helping to lower costs and speed up deployment. AVAX has shown stability over the past month, maintaining support above $18. Technical indicators point to a potential breakout as on-chain activity rises. Additionally, Avalanche has made headlines with a partnership in New Jersey for a $240 billion real estate tokenization project. Collaborations with major names like FIFA and VanEck indicate confidence in Avalanche's infrastructure.
Filecoin (FIL): Storage Focus with Unique Strengths
Filecoin is trading around $2.29, with over 680 million in supply. Unlike most Layer 1 networks, Filecoin is designed for decentralized storage, utilizing proof-of-replication and proof-of-spacetime. The network has surpassed 20 exbibytes in storage capacity and is being tested for interplanetary communication in collaboration with Lockheed Martin. Developer activity is rising, with smart contracts deployed through the Filecoin Virtual Machine. While FIL experienced short-term declines of 7–13% this month, support levels between $2.27 and $2.30 are being maintained.
Each project — BlockDAG, Avalanche, Filecoin, and SEI — offers unique characteristics. Among them, BlockDAG stands out for its low entry price and growing user base, making it an interesting choice in light of the upcoming bull market.
