BlockDAG (DAG) has been enjoying attention in the crypto market because of its recently concluded successful presale where it raised about $200 million at the time of writing. The mixture of blockchain and DAG technology has pulled investors in, as most of them want to see what the project is about.
At the same time, the StratoVM ($SVM) project has also been making quite a lot of noise in the industry, bringing its layer-2 Blockchain for Bitcoin into the market. According to the project, the Blockchain is looking to reach into the growing BTCFi sector, providing traders with smart contracts and EVM compatibility.
Let us take a look at the details.
BlockDAG ($BDAG) is Pioneering Low-Code Development for Blockchain Applications
BlockDAG ($BDAG) has enjoyed success in the early stages of its presale, with the project raising about $201 million. In translation, about 18.7 billion tokens have been bought, with each token costing about $0.0248.
The project delivers speed and scalability that rival old projects like Bitcoin, using its mix of Directed Acyclic Graph tech and Proof-of-Work.
While early investors are still celebrating returns of about 2,380% since the creation of the token, experts believe that the token can see another 20,000x rise after it launches.
The token has also created a buzz in the crypto market with its partnership with footballing giant Inter Milan, a Keynote 3 reveal on March 28, and the final testnet and mainnet launch that is coming very soon. Another factor that has helped the project is the rumored launch of top 10 CEXs, sending liquidity into the sky, with some analysts predicting a $1 price by the end of the year.
The X1 Miner App has also been contributing to its solid community, seeing over 500,000 downloads. New buyers are also being provided with a 400% BDAG800 bonus when they purchase the token. With the project targeting $600 million, investors need to keep watching this project.
StratoVM (SVM) Could Lead the BTCFi Revolution – Price Grows Over 10,247% in One Month
StratoVM ($SVM) has become a worthy project in the Bitcoin Finance (BTCFi) sector. The project has enjoyed a lot of following across several social media platforms, including X, Discord, and Telegram, with users always waiting on the latest developments.
This Layer-2 blockchain was created to boost the capabilities of Bitcoin, adding the Ethereum Virtual Machine (EVM) compatibility to allow it to offer users smart contracts and decentralized finance (DeFi) applications.
SVM monthly chart, Source: CoinGecko
The project was designed to address several issues that come with using Bitcoin, including high fees, slow transactions, while positioning it as an integral member of the BTCFi ecosystem. This has helped the Total Value Locked (TVL) of the project rise from $304 million to $5.85 billion in one year.
StratoVM is already on Uniswap and also tracked by CoinGecko, affording users the opportunity to see the movement of the market in real-time. The price of the token has also risen by 10,247% over the past month, with the token presently trading at $0.2491. The price indicates a strong interest in the project and what it brings to the BTCFi sector.
The project has also entered into partnerships with Bitgert and Bitomni, platforms known for their blockchain technology and liquidity-focused BTCFi, respectively. These partnerships will help StratoVM’s operations and market positioning.
These partnerships provide the project with a strong foundation as it prepares to launch its mainnet in Q1 2025.
StratoVM’s list of partnerships
The features that sets StratoVM apart from other L2 projects like Stacks and Rootstock (RSK) are its EVM compatibility and its appeal to developers looking for ways to bridge Ethereum and Bitcoin.
The token’s market cap is currently around $25 million, far below that of CoreDAO at $990 million (a competitor) – StratoVM has room to grow provided adoption continues at a steady pace.
As Bitcoin continues to change the way the DeFi sector operates, StratoVM’s efforts into the BTCFi Revolution providing scalable, functional solutions make it the perfect project for investors.
Conclusion
BlockDAG ($BDAG) has been enjoying attention in the market because of its commendable presale, recording above $200 million while providing early returns for investors. The project could become the next face of Blockchain solutions via its proof-of-work model that increases efficiency and scalability and its hybrid DAG.
Meanwhile, StratoVM ($SVM) could also affect the BTCFi sector in a positive way, bringing its layer-2 solution, smart contracts and EVM compatibility to the sector.
The project can also solidify its role in Bitcoin’s expanding presence in the DeFi sector with its strong partnership and new technologies, making it one of the best projects for the future.
This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.
