Retik Finance Falls Over 57% As BlockDAG Gains Investors’ Interest, Raising $38.4M in Presale And Selling Over 6,700 Miners

Jack R. Mitchell

Discover how BlockDAG’s success contrasts with Retik’s failed predictions. The company attracted $38.4M in presale.

coin stacks and coin jar

In recent crypto investment trends, BlockDAG aligns itself with market needs, especially as Retik Finance struggles with a price drop, undermining investor confidence in its future. While Retik Finance’s price prediction sees a dramatic 57.03% fall, BlockDAG showcases a promising trajectory with $38.4 million garnered in presale and an additional $3 million from selling 6,743 miners. BlockDAG’s innovative DAG-based Proof of Work consensus optimizes transaction security and mining efficiency.

BlockDAG’s Blockchain Technology Triggers Investment Momentum

BlockDAG Network (BDAG) is revolutionizing the Layer 1 blockchain space with its innovative Proof of Work consensus, emphasizing speed, security, and decentralization. Its pioneering DAG structure addresses vulnerabilities of traditional blockchain models prone to 51% attacks by eliminating orphan blocks, enhancing throughput, and enabling scalability by processing multiple blocks simultaneously.

Currently capable of processing ten blocks per second with ambitions to exceed 100, BlockDAG optimizes mining efficiency, allowing miners with strong hash rates to mine a single block consistently. This hybrid consensus approach enhances transaction security and efficiency, solving the decentralization challenge by bolstering security and reducing dependence on large mining pools.

On the financial front, BlockDAG has rapidly established itself as a key player in the cryptocurrency market, garnering an impressive $38.4 million from its presale. This success was bolstered by an additional $3 million in revenue from selling 6,743 miners, reflecting robust demand and trust in the network’s capabilities.

The presale effectively distributed a remarkable 10.3 billion coins, with the price steadily rising—the 16th batch was priced at $0.0095 each, and the 17th batch is projected to increase to $0.011. This positive trajectory highlights BlockDAG’s appeal as a promising investment.

Retik Finance Price Prediction Loses Credibility

Recent market data reveals a dramatic decline for Retik Finance, casting severe doubts on its ambitious price predictions. Despite forecasts suggesting Retik Finance could soar by 2024, reality tells a starkly different story. The token has suffered a severe 57.03% plummet in price, dropping from $0.6986 to just $0.3403, accompanied by a sharp 39.67% decrease in trading volume.

After initially peaking at $3 following its launch, Retik Finance’s value has drastically fallen, highlighting severe volatility and instability in its market performance. This inconsistency and financial erosion prompt investors to seek more reliable alternatives.

BlockDAG, known for its stability and transparency, is becoming a favoured choice among those disillusioned by the Retik Finance price prediction and searching for secure investment havens.

BlockDAG Tokenomics & Allocation Strategy

BlockDAG Coin (BDAG) is designed with a robust ecosystem in mind. It features a maximum supply of 150 billion coins to maintain scarcity and value. The network implements a halving event every 12 months to control inflation and support stable growth. Of the total supply, 50 billion coins (33%) are allocated for presale to enable early backers to invest at favourable rates and help amplify BlockDAG’s market presence.

A significant portion, 98.5 billion coins (66%), is dedicated to community engagement and network security. This includes 78.8 billion coins for miners to ensure platform integrity, 14.8 billion coins for community-building initiatives like educational programs and engagement events, and 4.9 billion coins for a liquidity pool to reduce price volatility and support smooth trading.

Additionally, 1.5 billion coins (1%) are reserved for the BlockDAG team to align their interests with the project’s long-term goals and promote transparency and fairness. This strategic allocation underscores BlockDAG’s commitment to creating a sustainable and stable environment for users and investors.

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BlockDAG Places Retik On The Margin

The contrast between BlockDAG’s strategic $38.4 million success in presale and Retik Finance’s price predictions, which dropped from a high of $3 to just $0.3403, highlights BlockDAG’s role as a stabilizing force in the volatile cryptocurrency market, selling over 10.3 billion coins and over 6700 miners. BlockDAG promises and delivers, with a total allocation of 150 billion coins designed to ensure long-term value retention and market stability. This approach backs BlockDAG’s plan and vision, making it a favoured destination for investors seeking a secure and transparent platform amidst ongoing market fluctuations.

Invest in the BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

 

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