Top Crypto To Buy In 2024: BlockDAG’s $0.014 Coin Sparks Investor Rush As XLM & Filecoin Struggle

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BudgIT, Peter Obi, Decry Nigerian Government’s Plan to Implement Four Budgets Simultaneously

By

Samuel Nwite

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June 29, 2024

The Nigerian government’s decision to implement the 2023 Approved Budget, the 2023 Supplementary Budget, the 2024 Approved Budget, and the 2024 Supplementary Budget concurrently has sparked significant controversy.

BudgIT Foundation, a civic-tech organization in Nigeria, has strongly criticized this move, labeling it as unprecedented and fundamentally flawed.

In a statement released by its Communications Officer, Nancy Odimegwu, BudgIT expressed its concerns regarding the government’s proposal to extend the implementation period of the 2023 Approved Budget and the 2023 Supplementary Budget from the proposed termination date of December 31, 2023, to December 31, 2024.

The organization highlighted that this decision deviates from standard global practices. Typically, budgets are designed to run for 12 calendar months. The 2023 Approved Budget of N21.83 trillion, signed into law by former President Muhammadu Buhari in January 2023, was expected to follow this tradition.

“Standard practice should be that projects not catered to within a fiscal year are rolled over to the budget of a new fiscal year,” it said.

Issues with Concurrent Budgeting

BudgIT pointed out that while the 2024 Appropriation Bill was being drafted, the National Assembly passed the 2023 Supplementary Budget of N2.17 trillion, which President Bola Tinubu assented to barely two months before the end of the 2023 fiscal year. The National Assembly initially extended the implementation of the 2023 budgets to June 30, 2024, and has now pushed it further to December 31, 2024.

Gabriel Okeowo, BudgIT’s Country Director, argued that implementing four budgets concurrently would severely undermine budget credibility.

“The concurrent implementation of four budgets will lead to severe budget credibility issues, as revenues projected in 2024 alone would most likely be used in implementing four different budgets, negatively impacting service delivery in critical social sectors and the provision of essential public infrastructure,” he stated.

The civic organization noted that extending the capital budgets beyond 12 months contradicts the principle of annual public budgets. They argued that if allowed, this practice would convert Nigeria’s annual budget into a biennial one, a concept neither supported by the 1999 Constitution nor the Fiscal Responsibility Act of 2007. The organization emphasized that projects not covered within a fiscal year should be rolled over to the next fiscal year’s budget.

Frivolous Spending and Inefficient Implementation

BudgIT also criticized the presence of many frivolous items in the 2023 budgets that will compete with essential projects in the 2024 Budget for the limited resources available to the Federal Government. They called for a return to a disciplined January-to-December budget calendar and urged the government to focus on projects and programs that align with Nigeria’s development goals, reduce inequality, and improve the lives of citizens.

“We also urge the Federal Government to identify and implement only the projects and programs that align with Nigeria’s overarching development goals, reduce inequality, and improve the lives of citizens, the bulk of whom are multi-dimensionally poor,” the statement said.

Political and Public Reaction

Peter Obi, the presidential candidate of the Labour Party in the last general election, also condemned the government’s decision. Expressing his displeasure on X, Obi stated that the concurrent implementation of multiple budgets shows disregard for fiscal responsibility, transparency, and accountability.

“This intentionally reckless action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people,” Obi remarked, describing it as “a recipe for chaos, confusion, and catastrophe.”

He added that the leaders appear out of touch with reality and lack the competence to manage the nation’s finances effectively.

The former Anambra State governor said it’s unfortunate that “this deliberate act of fiscal recklessness”, which betrays one of the cardinal pillars of democracy, is being executed by those elected to represent the people.

“Leaders are elected to responsibly manage public resources in an organized way. I respectfully appeal and in fact, demand that this situation be reversed immediately in preference for a more responsible and transparent approach to budgeting.

“We must prioritize the needs of the Nigerian people, not the selfish interests of a few. This is a call to action for all Leaders to desist from actions that will further drive the country into economic chaos,” he said.

He further noted that neither the National Assembly nor the executive has any excuse to promote or condone such unconscionable behavior.

Obi’s statements reflect a broader sentiment of dissatisfaction among the Nigerian populace. Citizens and experts have called for a more responsible and transparent approach to budgeting. They demand that the government prioritize the needs of the Nigerian people over the interests of a few and adhere to fiscal policies that promote economic stability and growth.

New Features in BlockDAG Dev Release 58; Keynote Sparks Massive 1300% Increase in Value & Forecasts $10 Price Point

By

TI Partners

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June 29, 2024

With the release of Development Update 58 and a powerful keynote that went viral when it was projected on billboards at Tokyo’s Shibuya Crossing, BlockDAG is leading the way in a revolutionary shift in blockchain technology. This update brings crucial enhancements to the Blockchain Explorer, boosting the user experience across various devices.

The keynote presentation engaged audiences and set the framework for BlockDAG’s ambitious price projections. Starting with an initial offering of BDAG coins at $0.005 and anticipating an increase to $10 following the launch, BlockDAG has garnered significant interest from early backers and crypto enthusiasts. The ongoing presale price of $0.014 emphasises the potential for substantial financial returns.

How BlockDAG’s Keynote Drove the Presale Explosion

BlockDAG’s inaugural keynote revealed its transformative potential by setting an initial BDAG coin price of $0.005. Experts predict that following the launch, BlockDAG could escalate to an impressive $10, potentially rewarding early investors and presale participants at $0.014.

A major announcement included the upcoming release of the BDAG coin, which presented unique presale opportunities for early investors. The keynote showcased a user-friendly crypto payment card that can be used at over 38 million merchants globally and outlined how the BDAG coin could be traded on various exchanges without typical complications. The roadmap presented aimed to propel BlockDAG into the top 50 rankings on CoinMarketCap and CoinGecko, with its current presence on CoinMarketCap suggesting these ambitious targets are within reach.

To date, the BlockDAG presale has been extraordinarily successful, reflecting vast interest and confidence in this innovative venture. Now in its 19th batch, with a presale price of $0.014, it has amassed an impressive $54.5 million from selling more than 11.8 billion BDAG coins. This reflects a dramatic 1300% growth from the first to the 19th batch, underscoring rapid adoption and strong confidence in BlockDAG’s potential. This presale achievement signals high expectations, with many investors keen to capitalise on the anticipated surge in post-launch price to $10.

Dev Update 58: Refined Design for Enhanced User Experience

BlockDAG’s Development Update 58 introduces major improvements to its Blockchain Explorer, making it more accessible and aesthetically pleasing. These upgrades are part of BlockDAG’s continuous commitment to deliver a seamless experience across all devices, ensuring that users can efficiently navigate and engage with the explorer regardless of the device used.

Key enhancements include a responsive design that adapts to different screen sizes, from large desktop displays to compact smartphone screens, ensuring a consistent and intuitive user experience. Mobile and tablet users will find enhanced touch optimisation, allowing easy navigation through blockchain data with simple gestures. Furthermore, the visual update employs a modern and dynamic color palette, improving interface attractiveness and readability, and reducing eye strain. This new colour scheme also aligns with BlockDAG’s overall brand identity, providing a unified look across all platforms.

Recognising varied user preferences, BlockDAG has implemented both dark and light theme options. The dark theme is perfect for low-light settings, minimising glare and eye strain, while the light theme offers a crisp, clean appearance for brighter environments. Users can effortlessly switch between these themes with just a click, selecting the most comfortable visual setting. These enhancements reflect BlockDAG’s dedication to ongoing improvement and user satisfaction. As the team moves forward, they are committed to refining the Blockchain Explorer and integrating new features based on user feedback, aiming to provide an improved and engaging user interaction.

Final Thought

As BlockDAG continues to pioneer innovations and achieve key milestones, it is evident that the platform is poised for significant growth and impact within the cryptocurrency realm. The enhancements made in Development Update 58 enhance user engagement and demonstrate BlockDAG’s leadership in advancing blockchain technology. With a presale already drawing $54.5 million and a forward-looking ecosystem promising substantial returns, BlockDAG is well on its way to redefining decentralised applications and digital finance.

Invest in the BlockDAG Presale Now:

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BlockDAG Development Update 58: Upgraded Blockchain Explorer Aims for a $30 Future Valuation

By

TI Partners

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June 29, 2024

With the release of Development Update 58, BlockDAG has introduced significant improvements to its Blockchain Explorer, reaffirming its dedication to enhancing user engagement and technological advancement. This update not only refines the platform’s capabilities but also sets a bold future target price of $30 per coin by 2030, promising substantial returns for investors.

The presale phase has already garnered $54.4 million, with over 11.8 billion coins distributed, marking a significant impact on cryptocurrency. This piece explores the latest developments, achievements, and investment prospects that BlockDAG offers with its newest update.

Seize the Day with BlockDAG: Potential to Multiply Your Investment 100-Fold by 2030

Imagine transforming a $1,000 investment into an astonishing $2.45 million by achieving a $30 coin valuation. BlockDAG’s unique Directed Acyclic Graph (DAG) architecture permits simultaneous additions of multiple blocks to the network, dramatically increasing transaction speeds and scalability.

This technology effectively addresses the limitations that traditional blockchains, such as Bitcoin, encounter during high-traffic periods. If you invest $1,000 now at the current rate of $0.0122 per BDAG, you would own about 81,967 coins. If BlockDAG hits the anticipated $30 price, your initial investment could soar to $2.45 million, illustrating the tremendous growth potential akin to the early stages of Bitcoin.

BlockDAG not only innovates with its technology but also offers specialised mining equipment like the X10, X30, and X100 models, enhancing mining efficiency and profitability. The X100 model, capable of mining 2,000 BDAG coins daily, might yield earnings of $60,000 per day by 2030 if BDAG reaches the forecasted $30 price, as predicted by industry experts. Since its launch, BlockDAG has raised over $54.4 million from selling more than 11.8 billion coins and generated $3.4 million from over 8,203 mining rigs sold. These figures underscore strong market acceptance, presenting a fertile opportunity for early investors and miners similar to Bitcoin’s initial days.

BlockDAG Development Release 58: Enhancements to the Blockchain Explorer

Development Release 58 brings pivotal updates to the Blockchain Explorer, improving its aesthetics and functionality to boost the user experience. These enhancements align with BlockDAG’s commitment to offering intuitive and visually appealing tools for blockchain interaction. The newly introduced responsive design ensures the Explorer adjusts to various screen sizes, enhancing accessibility from desktops to mobile devices. This adaptability ensures users have a seamless experience, whether navigating on a large monitor or a small smartphone screen.

Furthermore, the update includes a new colour theme with options for dark and light modes, allowing users to customise their viewing preferences. This helps reduce eye strain and improves data readability. These updates reflect BlockDAG’s ongoing effort to refine and adapt its applications based on user feedback, ensuring it remains at the forefront of blockchain innovation. The community can anticipate more exciting developments soon as BlockDAG advances its features and functionalities.

Embrace the BlockDAG Journey with Development Release 58

With Development Release 58 enhancing the Blockchain Explorer and setting a stage for potentially transformative investment returns, BlockDAG is cementing itself as a key player in the cryptocurrency market. As the company continues to innovate and expand its offerings, it now represents an ideal opportunity for investors to get involved. By investing $1,000 today, you could witness BlockDAG’s ambitious goals manifest into substantial financial gains, turning a modest stake into a significant fortune.

Invest In BlockDAG Presale Now:

Telegram: https://t.me/blockDAGnetworkOfficial

BlockDAG Poised for a Stellar $30 Valuation as Ethereum ETF Buzz and Injective’s Transaction Records Stir the Crypto Pot

By

TI Partners

-

June 29, 2024

In the bustling marketplace of cryptocurrencies, BlockDAG emerges as a beacon of innovation, ready to command the helm in a sea of burgeoning digital finance opportunities. As the world anticipates Ethereum ETF approvals and Injective shatters transaction benchmarks, the crypto sphere is pulsating with new investments and interest.

Amid this vibrant backdrop, BlockDAG not only holds its own but shines brightly, amassing an impressive $54.5 million in presale funds and setting its course towards an ambitious $30 valuation by 2030.

Ethereum ETFs: A New Dawn for Crypto Investments

The crypto community is perched on the edge of their seats as Ethereum ETFs near approval, promising to thrust Ethereum into the investment spotlight. Predictions by market pundits like Nate Geraci and Eric Balchunas point to an early July reveal, potentially syncing with U.S. Independence Day celebrations.

This milestone is expected to widen Ethereum’s appeal, drawing in a flood of new investors eager to tap into its potential, thereby enhancing its market liquidity and stature.

Injective Protocol: Mastering the Transaction Wave

Injective Protocol has boldly marked its territory in the crypto landscape by exceeding 700 million transactions, showcasing its prowess even amid fluctuating market prices.

This landmark achievement underscores its cost-effectiveness and operational efficiency, proving it can handle 3,000 transactions at the cost of just a dollar. Despite recent price dips, Injective’s robust transactional performance paints a promising picture of resilience and potential growth, keeping it in the spotlight within the DeFi sector.

BlockDAG: Setting Sail for Dominance

BlockDAG leverages the favorable market winds with its comprehensive suite of applications tailored for various industries such as finance, logistics, and digital identity. Its ecosystem is engineered to streamline the development and deployment of dApps, enhancing both user experience and developer engagement. By simplifying complex processes, BlockDAG not only extends its reach but also reinforces its technological foundation, setting the stage for widespread adoption and innovation.

BlockDAG’s innovative low-code/no-code platform is transforming the landscape of smart contract development. This breakthrough technology invites a wider audience to craft utility tokens, meme coins, and NFTs with ease, broadening the creative horizon across the blockchain community. By reducing the barriers to entry, BlockDAG is nurturing a new breed of developers, thereby enriching the ecosystem with fresh ideas and applications.

At the core of BlockDAG’s operational excellence is its DAG protocol, which propels the network to achieve transaction speeds ranging from 10,000 to 15,000 per second. This technological edge not only bolsters the platform’s capability to manage high volumes of transactions efficiently but also ensures it remains a reliable and attractive option for users needing rapid and complex transactional support.

Now in its 19th batch of presale, BlockDAG has successfully secured $54.5 million, a testament to the strong confidence and interest from the market. With an eye on a 5000% increase by its final 45th batch and a launch price aimed at $0.05, BlockDAG is charting a course for a potential 30,000x return on investment. This ambitious financial roadmap not only highlights its current success but also its promising future in the expansive crypto universe.

BlockDAG at the Forefront of Crypto Innovation

As the financial world watches Ethereum ETFs take shape and Injective’s transactional feats command attention, BlockDAG stands out as a significant player. Its cutting-edge technology and strategic development approach position it as a leader ready to transform the cryptocurrency landscape.

With solid financial backing and visionary projections, BlockDAG is not just participating in the crypto evolution—it’s poised to spearhead it, promising substantial returns and reshaping the digital finance paradigm.

Join BlockDAG Presale Now:

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