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Up-and-Coming Cryptocurrency Chia Blamed for SSD/HDD Shortages

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In 2017, Bram Cohen, author of the BitTorrent protocol, founded the Chia Network and developed Chia (XCH) as a potential rival to Bitcoin (BTC). Although hardly considered among the top cryptocurrencies of 2020, Chia has been making waves in recent months. The platform was valued at $500 million in a recent investment round and will reportedly aim for an IPO before the end of the year. David Fraze, a managing partner at Richmond Global, likened Chia to “what Bitcoin would look like if it was designed with knowledge from the last 13 years.”

Prior to its launch in May 2021, countries like China, Taiwan, and Vietnam reportedly experienced shortages of hard disk drives (HDDs) and solid-state drives (SSDs), with producers like Seagate working hard to adjust to market demand. This is because Chia aimed to replace the energy-intensive system of Bitcoin by instead requiring miners to devote hard drive space to generating and storing data. This means that Chia miners must find ways to build PCs with enough hard drive space to earn the most, as rewards are given out to those with the most space used up. As more drives are built into circuit boards and circuits become more complex, PCB grounding design becomes a problem. Mixed-signal integrated circuits, with both digital and analog ports, compound problems. As such, Chia miners opt for large-capacity drives – and NVMe drives, in particular – to be able to support the mining process.

The price for these types of drives has reportedly gone up in the past week, particularly as some SSDs can only be used a certain number of times for mining Chia before they inevitably break. David Gerard, author of Libra Shrugged, explains that, “Instead of just wasting electricity, Chia chews through SSDs at a fantastic rate, and also has thoroughly wrecked the market for big HDs.” This could potentially cause not just an extended shortage of hard drives, but also an increase in the amount of electronic waste generated by the mining community. Aggelos Kiayias of the University of Edinburgh emphasizes that it’s important to analyze whether the benefits of these new cryptocurrency technologies justify the massive resources they consume. “Given the current numbers, being merely less resource hungry compared to bitcoin is a rather low bar as far as ‘green’ technology is concerned,” he says.

Of course, other cryptocurrencies have also had similar effects on hardware markets. Bitcoin has notoriously been implicated in blackouts in Iran. As a result, the Iranian government has banned the resource-draining process until at least late September. Mining Ethereum (ETH) also caused huge shortages in high-end graphics cards, causing Nvidia to release products with restrictions preventing them from being used for mining. As cryptocurrencies gain more traction, demand for the tools needed to mine them grows.

Cohen has discouraged the use of consumer hardware to mine Chia, but the platform’s own website says that it can be done by “anyone with a mobile phone [or] laptop”, encouraging many more speculators to attempt to jump on board before the currency sees increased demand.

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

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BlockDAG Network Grows With 4,500 Developers While Tron Drops and Toncoin Stalls

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Crypto markets change direction fast. Tron (TRX) climbed to $0.33 earlier in July but faced strong rejection. Since then, its chart has turned negative, showing signs of further decline unless demand picks up again. Toncoin (TON) is also under pressure, staying below key resistance at $3.24 with falling strength. While these two deal with resistance, BlockDAG is getting noticed for steady progress.

With over 4,500 developers building more than 300 working projects and raising $353 million, BlockDAG (BDAG) is not just aiming to grow, it is already showing results. The current $0.0016 entry point and past gains of 2,660% highlight why many consider BlockDAG the best crypto to buy right now, especially when others are losing momentum.

Tron (TRX) Price Outlook Weakens After Hitting $0.33

The Tron (TRX) price outlook turned negative after hitting resistance at $0.33. The price has since fallen back to $0.31 and now trades inside a downward trend channel. The Awesome Oscillator has gone red, and the Supertrend flipped to bearish, both suggesting further downside toward $0.30.

If that support fails, the next possible levels are $0.28 and $0.26. The daily chart adds to this view with the Bull Bear Power now negative. Tron (TRX) price outlook remains weak unless demand comes back strong. A solid rise in buying could bring a return to $0.33 or possibly even $0.44, but that remains uncertain for now.

Toncoin (TON) Price Action Faces Resistance Near $3.24

Toncoin (TON) price action has not improved after losing a key support level earlier this week. It is now trading close to $3.13, just above a base of $3.05. Although there was a minor bounce, Toncoin (TON) price action is being held down by strong resistance between $3.17 and $3.24, where several moving averages have built up.

A net outflow of $2.59 million on July 24, as reported by Coinglass, shows continued selling pressure. RSI stands at 41.56, still below the neutral zone. If the $3.05 level breaks again, price could fall to $2.95 or even $2.88. Toncoin needs to reclaim $3.24 with strong volume to show any lasting recovery. Until that happens, any short-term gains may be short-lived.

BlockDAG Builders Drive 300+ Projects With Real Use Cases

BlockDAG is not chasing the spotlight. Instead, it is focused on building practical tools. More than 4,500 builders are behind over 300 working projects that cover areas like DeFi platforms, AI apps, smart logistics, and fintech systems already moving past the testing phase. These are not just ideas. They are live tools with clear use.

Strong developer activity often supports lasting success. BlockDAG is showing this through real progress. It has already sold over 24.3 billion BDAG coins and raised more than $353 million through its presale. With over 18,700 mining devices shared worldwide, the project is gaining steady interest, especially from those who understand working systems.

Right now, BDAG is in Batch 29 at a price of $0.0276. Still, a special entry price of $0.0016 is available for a short time before August 11. The official listing will start at $0.05, which means this limited offer could bring a 3,025% increase from day one. The gain from Batch 1 to Batch 29 already stands at 2,660%.

Many Layer 1 projects talk about future use, but BlockDAG is already showing what it can do. The GLOBAL LAUNCH release on August 11 is not the end of the road. It marks the point where the main system starts running. Builders are backing this move because they see actual progress. This is not just a plan anymore. It is already happening. For anyone trying to find the best crypto to buy right now, BlockDAG stands apart with working tools, real builders, and ongoing delivery.

Final Thoughts

The Tron (TRX) price outlook suggests more pressure unless a strong shift happens. Toncoin (TON) price action is still stuck below tough resistance with no clear move upward. While these two struggle to gain ground, BlockDAG is picking up speed.

With more than 4,500 builders and over 300 real-world projects, it’s already active while others are still getting started. Over $353 million has been raised, 24.3 billion coins are already sold, and the entry price remains just $0.0016 for now. That shows real traction, not hype. With the launch price fixed at $0.05, BlockDAG is the best crypto to buy right now for those looking for real signs of growth. The market is making choices, and BlockDAG is clearly moving ahead of many others.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Best Crypto Coins to Buy: BlockDAG, Arbitrum, Chainlink, PEPE and Why They Stand Out

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With altcoins starting to show signs of life, some believe a strong market wave is building. This has many exploring the best crypto coins to buy before the next move happens. The biggest gains often go to those who find the right entries before momentum peaks. But picking blindly doesn’t help. The projects making the list today show real progress, active use, and potential for more.

This guide focuses on four standout projects: BlockDAG, Arbitrum, Chainlink, and PEPE. Each one shows signs of strength, both in market appeal and future direction.

1. BlockDAG: Presale Milestone and 3,025% Return Potential

BlockDAG stands out among the best crypto coins to buy based on its huge presale numbers and unusual structure. It has already raised $353 million and sold 24.3 billion BDAG coins, marking the largest presale event in crypto history.

What sets it apart is its use of Directed Acyclic Graph (DAG) technology. Unlike blockchains that handle one block at a time, BlockDAG allows multiple blocks to move in parallel. This helps it reach speeds of 15,000 transactions per second while keeping PoW security in place.

The platform has also secured listings with 20 exchanges, including BitMart, MEXC, and LBank. That means when it goes live, it starts with wide access and ready liquidity. Analysts see potential for BDAG to reach $1 after its debut.

As of now, the coin is priced at $0.0016 until the GLOBAL LAUNCH release on August 11. With a listing set at $0.05, early buyers could see a return of 3,025%. Batch 29 is nearly full, showing how much attention this project is getting ahead of time.

2. Arbitrum’s Momentum Builds with New Features Coming

Arbitrum has been moving up fast, with its ARB price climbing over 20% this week and now trading above $0.45. The platform’s low fees and quick transaction speeds have made it a strong choice for leading DeFi projects like Uniswap, Aave, and Curve. Total Value Locked (TVL) continues to rise as a result.

New apps are launching regularly, and the user base is expanding. With staking and governance upgrades expected soon, activity around ARB may continue growing. In a market that values strong ecosystems and real-world use, Arbitrum is among the best crypto coins to buy, especially as new updates roll out and more users join.

3. Chainlink Grows as Real-World Use Expands

Chainlink is finally receiving broader attention, thanks to real-world use by institutions. With its Cross-Chain Interoperability Protocol now active, big names like SWIFT and ANZ are starting to integrate Chainlink into their financial systems. LINK is now trading close to $17 after gaining 15% in the past week.

Chainlink has little direct competition when it comes to delivering trusted data to blockchains. Its position as a key connector between blockchain systems and traditional finance is becoming more important. This real-world role and unique position make Chainlink one of the best crypto coins to buy for long-term use and value.

4. PEPE Shows Signs of Another Move Up

PEPE is gaining attention again, after being one of the biggest meme coins of 2023. It is up 12% this week, with more exchange activity and social media interest returning.

Backed by strong meme appeal and a loyal online following, PEPE is once again drawing interest, especially as large holders are starting to re-accumulate and well-known figures rejoin the discussion.

It is now trading near key support levels, and its unique brand keeps it in the spotlight. If meme coins become popular again during the next bull run, PEPE could rise quickly with that wave.

Which Project Stands Out the Most Right Now?

Arbitrum continues to gain speed as dApps and system upgrades increase. Its expanding use and updates are placing it firmly among the best crypto coins to buy. Chainlink also stands strong, with clear progress in real-world adoption and trusted performance across networks. PEPE may benefit from any future meme coin surge, thanks to its strong branding and rising interest.

Still, BlockDAG appears to hold the strongest position. Its Batch 29 price remains locked at $0.0016 until the GLOBAL LAUNCH release, with a confirmed listing price of $0.05. This gives a built-in 3,025% return if the post-launch target is met.

If BDAG hits the predicted $1 price after listing, the potential increase grows even more. This current entry point will not stay open for long, and those tracking early access opportunities may not get another window like this.

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Why BlockDAG, SUI, XLM, & CRO Could Be the Next Biggest Altcoins This Season

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Altcoins are gaining new attention as liquidity flows back into promising mid-sized projects. With blockchain use cases expanding and regulations becoming clearer, attention is shifting toward platforms offering genuine utility. SUI and XLM have surged forward with major strides in DeFi and stablecoin use cases, while CRO prepares for a big rollout that may shift its overall market direction. Each has shown fresh development, technical strength, and stronger traction from large-scale buyers.

However, BlockDAG is grabbing market focus for very different reasons. Backed by a force of 4,500 global builders, 300+ live deployments, and an ongoing GLOBAL LAUNCH release price of $0.0016 valid until August 11th, BDAG is widely seen as the most time-sensitive pick among the next biggest altcoins right now.

  1. BlockDAG (BDAG): 4,500 Builders, $351M Raised, Global Launch at $0.0016

BlockDAG is raising the bar for blockchain tech adoption, with a network of 4,500 active contributors supporting more than 300 real-use projects across DeFi, AI, and real-life tools. This isn’t empty hype; these developments are driving real-world applications at a pace that beats most Layer 1s available today.

The presale has now reached $351 million in funding, with 24.3 billion BDAG coins already purchased. Those who joined in Batch 1 have already experienced a 2,660% growth in their holdings, as the presale progressed to the current Batch 29 price of $0.0016. New buyers can still secure this price until August 11.

Where most early crypto offerings delay access, BlockDAG (BDAG) has not done so. With a listing price set at $0.05, the estimated upside reaches 3,025%. This structure positions BlockDAG firmly among the next biggest altcoins that traders are closely watching.

  1. SUI: Breakout Momentum Driven by DeFi Growth

SUI continues to build momentum as one of the next biggest altcoins, lifted by strong DeFi and stablecoin trends. Its total value locked (TVL) has soared to $2.25 billion, while stablecoin activity has grown nearly 100 times year-over-year. These changes reflect deepening developer involvement and larger institutional interest, supported by a potential ETF initiative from 21Shares.

The charts also support this momentum. SUI has broken out from a bullish flag pattern on the weekly timeframe, pointing toward a likely 45% gain with a target around $5.39. With current trading close to $3.85, this would add to an impressive 368% growth across the past year. Together, these fundamentals and technicals make SUI a key candidate among the next biggest altcoins.

  1. Stellar (XLM): Stablecoin Focus and Bullish Pattern Point to $1.18

Stellar (XLM) is moving up the ranks of the next biggest altcoins following progress around stablecoin regulation, notably the GENIUS Act. These developments have driven surges in USDC volume and supply on Stellar’s network, rising 189% and 22% respectively over the past month. As a system built for financial messaging and ISO 20022 support, Stellar continues to align with major global finance protocols.

From a technical angle, XLM is tracing a classic cup-and-handle setup on the weekly chart. After breaking past resistance and converting it to support, the next technical target sits at $1.18. Currently priced around $0.46, Stellar has already doubled this month and appears well-positioned to continue its climb among the next biggest altcoins.

  1. CRO: Technical Breakout and Stablecoin Plans Fuel Rebound

Cronos (CRO) is regaining strength, joining the list of next biggest altcoins as it prepares for a U.S.-compliant stablecoin in Q3. Following its Cronos V2 upgrade, which improved scalability tenfold, the network is now more efficient and ready to support regulated use cases for institutions.

Chart-wise, CRO is trending upward inside a rising channel that has directed its bullish movement since late 2023. If it clears its current ceiling, projections suggest a possible 124% rise toward $0.27 using Fibonacci extensions. CRO is currently valued near $0.12, and technical indicators imply it could deliver notable returns during this cycle.

Final Words!

SUI, XLM, and CRO each show compelling signs as mid-cap projects with strong fundamentals and visible growth paths. SUI’s DeFi strength, XLM’s regulatory tailwinds, and CRO’s US-focused plans all reflect clear breakout potential. Each ranks confidently among the next biggest altcoins, making waves this season.

Still, BlockDAG is writing its own story. With 4,500 developers, 300 real-use cases, $351 million already raised, and 24.3 billion coins sold, the GLOBAL LAUNCH rate of $0.0016, available until August 11, adds urgency to the mix. When you also consider the 3,025% ROI outlook, BlockDAG isn’t just one of the next biggest altcoins, it’s the most watched pick in this entire wave.

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