Best New Crypto To Buy - BlockDAG Nears Coveted $100M Mark; Time For Avalanche & Shiba Inu Investors To Switch?

Avalanche and Shiba Inu are striving to finish 2024 on a high note. Avalanche has introduced AVAX incentives to boost its ecosystem, attracting users and developers. Meanwhile, Shiba Inu's burn rate has spiked significantly, causing SHIB prices to rise and drawing renewed investor interest. Amid these developments, BlockDAG, a Layer 1 blockchain with a highly advanced ecosystem, stands out in the recent market surge. 

Its recently launched testnet has received glowing reviews from experts and users alike. Some believe BlockDAG could outperform Solana due to its exceptional performance and scalability. This success has fueled BlockDAG's presale, with whales investing heavily and pushing it toward the $100 million milestone. BlockDAG's presale has become one of the most successful in history. With this momentum, many consider BlockDAG the best new crypto to buy.

Avalanche BOOST Campaign Offers AVAX Incentives Through WOOFi

WOOFi, an omnichain decentralized exchange, has launched the Avalanche BOOST Campaign to reward users with 10,000 sAVAX over 12 weeks. Starting October 7, participants can earn AVAX incentives through WOOFi Earn and the Cross-chain Carousel. In WOOFi Earn, 8,000 sAVAX will be distributed as users deposit into AVAX, USDC, or BTC.b vaults, with rewards accruing in real-time.

The remaining 2,000 sAVAX are available through the Cross-chain Carousel, spotlighting a different Avalanche protocol each week. Users can swap assets into the featured token, with a weekly pool of $5,000 in sAVAX split based on trading volume. Ben Yorke, VP of WOO Ecosystem, said this collaboration enhances liquidity and provides seamless earning opportunities on a scalable, eco-friendly blockchain. WOOFi supports 11 blockchains and has over $42 billion in trading volume.

Shiba Inu Burn Rate Soars, Boosts SHIB Price

Over the past 24 hours, the Shiba Inu burn rate has surged by 14,575%, with over 279 million SHIB tokens permanently destroyed. Data from Shibburn indicates this burn happened over five transactions on Monday, totaling $5,084 at current prices. The largest single burn of 277.58 million tokens is linked to a Coinbase wallet and accounted for 99.26% of the total burn. Additionally, a Robinhood-associated wallet burned 2 million SHIB, and an address tagged "Kraken 7" destroyed 44,444 SHIB.

This burn rate far surpasses the 1.9 million tokens burned on Sunday. As a result, SHIB's price has risen by 4.12% to $0.00001822 in the past day. The reduced supply and recent whale accumulation of 83.3 billion SHIB have boosted market confidence. Analyst Javon Marks predicts SHIB could surge 342% to $0.00008 after breaking out of a falling wedge pattern. Another market watcher expects similar growth to $0.000074.

BlockDAG Testnet Sets High Early Benchmarks

BlockDAG reached a major milestone with the launch of its testnet and blockchain explorer on September 20, 2024. This step brings the project closer to its mainnet release. The testnet gives the community a chance to experience the blockchain directly and explore its features. Users can now interact with the network and see the advancements BlockDAG has made.

The testnet introduces several key features. The blockchain explorer provides detailed information about blocks, including size, timestamp, and transactions, making navigation easy. The blockchain faucet allows users to mint BDAG coins on the testnet, which they can transfer using MetaMask. With MetaMask Wallet Connect, sending and receiving BDAG coins becomes seamless. Sample smart contracts are also available, letting users test functions like minting NFTs, staking coins, or burning tokens.

The community has praised the testnet for its high performance and scalability. Many consider it one of the best foundations for a network currently available. Early predictions suggest that BDAG could outperform platforms like Kaspa or even Solana. This impressive capability has drawn significant attention, positioning BlockDAG as a strong contender in the blockchain space.

As a result of the testnet's success, BlockDAG's presale has seen a surge in investment. Whales are pouring in, pushing the presale toward the $100 million milestone. This momentum has made it one of the most successful presales in over a decade. Confidence in BlockDAG's potential is high, and many view it as the best new crypto to buy. Some predict that the presale could reach the $600 million mark in just two or three months.

Currently BlockDAG is in batch 24 with coins priced at $0.0206. For buyers looking to get in on a layer 1 network at attractive prices, BDAG can be the best bet in 2024. 

The Final Take

While Avalanche and Shiba Inu offer exciting developments like AVAX incentives and increased burn rates, BlockDAG stands out as the best new crypto to buy for potential substantial returns. Its highly capable testnet, launched on September 20, 2024, has received high praise for performance and scalability. This has attracted significant investment, with whales pouring into the presale, pushing it toward the $100 million milestone. 

BlockDAG's presale is becoming one of the most successful in recent history, reflecting strong confidence in its future. With its advanced technology and growing investor interest, BlockDAG could provide substantial returns for those looking to invest in promising cryptocurrencies.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The above is a contributor post, the views expressed are those of the contributor and do not represent the stand and views of Outlook Editorial.