Since Bitcoin came in 2009, the number and variety of use cases for crypto has only increased. From cross-border payments to credit card spending, millions of people across the world have adopted crypto as part of everyday life.
As crypto becomes mainstream, numerous solutions have emerged to address its shortcomings in terms of energy consumption, speed, and fees. DAG networks (short for “Directed Acyclic Graph”) have been implemented, and one of the upcoming ones is BlockDAG.
This month, BDAG investors finally got the long-awaited BlockDAG news regarding its token generation event (TGE). But as it will be shown, by now everyone’s attention is focused on another presale due to end this month: DeepSnitch AI.
Crypto card spending reaches a yearly volume of $18 billion
On January 16, it was reported that, according to recent research, crypto card spending had reached an annualized volume of $18 billion. The spending funds consist primarily of stablecoins like USDT and USDC, and according to the mentioned research, they are more popular than direct stablecoin payments.
Crypto card payments are rapidly increasing in terms of adoption and volume.
More spending is, of course, good news for crypto, but that also adds stress to its underlying infrastructure. That’s why technical alternatives to blockchain’s proof-of-work have surged for years, including DAGs.
In this sense, BlockDAG news of its presale ending is not only relevant for BDAG investors but also for those eager to see how the new solution actually performs.
The next section presents a few BlockDAG project updates, as well as a review of two other coins that are catching people’s attention this month.
Coins attracting investors’ interest in January
1. DeepSnitch AI (DSNT)
DeepSnitch AI is likely to steal all the spotlight from BlockDAG when its presale ends a few days later. The reason is that, unlike BlockDAG news that has been focused on the sheer size of its presale, DeepSnitch AI’s news has been instead about the amazing pace of its product development.
The project has created an AI system powered by agents (most of which are already operational) that transforms crypto data into market intelligence. For instance, they can spot sentiment shifts from real-time on-chain data, or tell you whether a coin is “clean”, requires “caution”, or looks “sketchy”.
This advanced product development stage highly contrasts with BDAG development progress, which has been notoriously slow. And while BlockDAG presale has raised far more funds, DeepSnitch AI has gone much, much faster.
In just the 4th out of 15 stages, more than $1.2 million has been raised. Moreover, the entry price is still low at just $0.03538, which creates a huge upside, and a team announcement that will expand it further is expected soon.
At any event, only those who take part now in the presale might enjoy exponential returns after its TGE next month.
2. BlockDAG (BDAG)
According to BlockDAG news coming from the project’s official website, as of January 16, more than $443.37 million has been raised. This is unquestionably an impressive number that places BlockDAG among the largest presales ever.
BlockDAG ecosystem news includes its Hackathon event and its Ambassador Program, but so far they aren’t as frequent as investors would expect from such a gigantic presale.
Eventually, the BlockDAG news announcing the TGE is very much welcomed for a process that has taken more than 2 years.
3. NEXO (NEXO)
NEXO is a lending platform for cryptocurrencies that, among several services, offers the possibility of making payments through crypto cards. The above mentioned news about the increasing volume in such services signals a healthy market for coins like NEXO.
The coin’s price chart since the beginning of the year confirms this healthy outlook. From Dec. 31 to Jan. 6, the coin surged 18% ($0.87 to $1.03). Then, after some profit-taking and consolidation, NEXO is trading now around the $1 mark.
How a hybrid DAG network would streamline the stablecoin transactions behind NEXO would be interesting BlockDAG news to hear in the near future.
Conclusion
BlockDAG news of its presale end has been welcomed by eager investors. But now everyone’s thinking about DeepSnitch AI, whose unique growth potential makes it the next likely 100x or even 300x crypto eruption.
However, since the presale is set to end at the end of this month, only those who act fast and participate now will enjoy what might truly become exponential returns.
FAQs
1. Should I buy BDAG now or wait until the TGE?
That depends on your risk appetite. Buying BDAG at $0.001 would still turn out to be a great bet if future BlockDAG news is about increasing speed and cost performance. But buying DSNT at $0.03538 is likely a better shot.
2. Can NEXO double in price this year?
Based on historical performance, that looks like a pretty long stretch. In contrast, DeepSnitch AI should double in price on the same day it is launched (though nothing is guaranteed).
3. How much can DSNT’s price spike this year?
The expectation is that DeepSnitch AI will reach about 2.5 million users before October. At that point, DSNT’s price should be above $10, which is roughly 300x its current presale price.
Disclaimer: Cryptocurrency investments are risky and highly volatile. This is not financial advice; always do your research. Our editors are not involved, and we do not take responsibility for any losses.
