{"id":296122,"date":"2021-07-11T02:30:00","date_gmt":"2021-07-10T23:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\/"},"modified":"2021-07-11T02:30:00","modified_gmt":"2021-07-10T23:30:00","slug":"3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\/","title":{"rendered":"# 3 reasons why Constellation (DAG) price outperformed most altcoins this week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f8f7abd182\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f8f7abd182\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\/#DeFi_launch_brings_yield_to_stakers\" >DeFi launch brings yield to stakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\/#Partnerships_highlight_Constellations_real-world_application\" >Partnerships highlight Constellation&#8217;s real-world application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\/#Faster_transactions_lower_costs\" >Faster transactions, lower costs<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 reasons why Constellation (DAG) price outperformed most altcoins this week <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention.\u00a0<\/p>\n<p>One project that managed to overcome the sideways action in the market and rally to a new record high on July 10 is Constellation (DAG), a protocol that utilizes a directed acyclic graph architecture to achieve a consensus that is theoretically capable of infinite scaling. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of DAG rallied 353% from a low of $0.037 on June 22 to a new record high at $0.17 on July 10.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/35e7a187-d879-4e46-aefc-c56630ccb9a9.png\"><figcaption style=\"text-align: center;\"><em>DAG\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DAGUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons for the strong showing from DAG include the release of a functioning decentralized exchange, an expanding list of global partners who utilize the Constellation network to manage data and the network\u2019s ability to offer low-cost, highly scalable transactions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_launch_brings_yield_to_stakers\"><\/span>DeFi launch brings yield to stakers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The recently launched Lattice Exchange (LTX) is an automated market maker-based decentralized exchange (DEX) that utilizes Constellation\u2019s Hypergraph network to offer a \u201cnear-zero fee and horizontally scalable decentralized network.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/YieldFarming?src=hash&amp;ref_src=twsrc%5Etfw\">#YieldFarming<\/a> is the perfect method for the community to engage directly with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LatticeExchange?ref_src=twsrc%5Etfw\">@LatticeExchange<\/a>, allowing users to utilize <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTX<\/a> while being rewarded. <\/p>\n<p>Read more about liquidity providing and staking in our latest blog post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/usZLdkbNMS\">https:\/\/t.co\/usZLdkbNMS<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DEX?src=hash&amp;ref_src=twsrc%5Etfw\">#DEX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFi<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LatticeExchange?src=hash&amp;ref_src=twsrc%5Etfw\">#LatticeExchange<\/a><\/p>\n<p>\u2014 Lattice Exchange (@LatticeExchange) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LatticeExchange\/status\/1383070472577953796?ref_src=twsrc%5Etfw\">April 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the path few months, the project has added yield farming for LTX token via liquidity provision on Uniswap or staking the token directly on the Lattice Exchange for a calculated APY of 155%.<\/p>\n<p>DAG holders can also participate in the network by staking tokens on a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/conste11ation\/status\/1402052754537779216\">state channel<\/a> to help increase the network\u2019s transaction per second (TPS) capability, or by using DAG tokens to run a node on Constellation\u2019s Hypergraph Protocol in order to validate data and transactions and receive rewards paid in DAG. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Partnerships_highlight_Constellations_real-world_application\"><\/span>Partnerships highlight Constellation&#8217;s real-world application<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Constellation\u2019s growing list of ecosystem partners is another sign of the project&#8217;s strong fundamentals.\u00a0\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/8f7d742c-45db-4ffc-a21f-8fb565b88da3.png\"><figcaption style=\"text-align: center;\"><em>Constellation ecosystem partners. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/constellationnetwork.io\/ecosystem-partners\/\"><em>Constellation Network<\/em><\/a><\/figcaption><\/figure>\n<p>Notable business partnerships include Amazon Web Services and the United States Airforce\u00a0and the project has also established sector-related partnerships with Chainlink (LINK) and KuCoin exchange. <\/p>\n<p>The announced partnership with Liechtenstein Cryptoassets Exchange (LCX) was also a significant development for the Constellation ecosystem as the exchange agreed to support the listing of DAG along with future tokens created using the Constellation Network\u2019s L_0 Token Standard. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Faster_transactions_lower_costs\"><\/span>Faster transactions, lower costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recently, Bitcoin and Ethereum have fallen under increased scrutiny for their environmental costs and high transaction fees. This led investors and developers to shift their attention to projects like Solana and layer-2 solutions which offer faster transaction speeds.<\/p>\n<p>Just a few months ago, traders and blockchain projects were crippled by high gas fees on the Ethereum network, and this means that any project that offers secure, low fee transactions with a competitive TPS has the opportunity to thrive.<\/p>\n<p>The new &#8216;Stargazer&#8217; wallet interfaces with Lattice and it supports zero-fee person-to-person transactions on the network.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/cf85255e-cf0d-45d6-8242-375c3d8b29e0.png\"><figcaption style=\"text-align: center;\"><em>DeFi platform comparison. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>As the cryptocurrency community prepares for the upcoming London hard fork on Ethereum, the fate of competing layer-one and layer-two solutions remains up in the air as users wait to see if the upgrade leads to a significant reduction in fees. If the situation doesn\u2019t noticeably improve, strengthening fundamentals and the possibility of filling a growing demand niche could bode well for DAG price in the future.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-constellation-dag-price-outperformed-most-altcoins-this-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 reasons why Constellation (DAG) price outperformed most altcoins this week &#8221; The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention.\u00a0 One&#8230;<\/p>\n","protected":false},"author":1,"featured_media":296123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvOWNlNGY2OGItMjljZi00YTVkLTk2NTgtMTk1NDc4OTFjMzc2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,76341,74880,72927,73785,4965],"class_list":["post-296122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-scalability","tag-transactions","tag-fees","tag-markets","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/296122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=296122"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/296122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/296123"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=296122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=296122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=296122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}