Welcome to OLE777 – Asia 1st Multiplatform Crypto Gaming in the Daily Crypto Section. Today, the writer will highlight the most popular crypto news this week: Vietnam recently launched its National Blockchain Strategy, aiming to become a regional leader by 2030, BlockDAG, a Layer 1 blockchain, is gaining traction due to its scalability and potential for high returns and Hamster Token (HMSTR) has seen a significant drop, falling by -65% since September 2024.

Vietnam Launched National Blockchain Strategy

Vietnam launched its national blockchain strategy on October 22, aiming to be a regional leader by 2030. Deputy Prime Minister Ho Duc Phoc’s plan includes building 20 blockchain brands, creating testing centers, and ranking in Asia’s top 10 for blockchain research.

The strategy focuses on improving regulations, strengthening infrastructure, developing blockchain talent, expanding blockchain use across industries, and boosting innovation through global partnerships.

Already a top player in global crypto adoption, Vietnam’s efforts align with its legal framework to support digital assets, part of a broader plan to combat financial crimes.

Read more: Crypto Presales Recommendation to Buy Before The End of 2024

BlockDAG Presale: Potential for Miners

BlockDAG is gaining attention for its promising high returns. Built as a Layer 1 blockchain with a directed acyclic graph (DAG) structure, similar to Hedera, it offers scalability and decentralization. 

Embed: https://x.com/blockdagnetwork/status/1849128387962446162

The mining aspect of BlockDAG is particularly appealing, with 55% of the tokens reserved for mining and 33% available in presale. While this is great for miners, it could lead to selling pressure when the presale ends. Users can mine BDAG for free using their phones (earning about 83c a day) or invest in mining rigs for higher potential profits. 

Additionally, BlockDAG will support smart contracts, NFTs, and DeFi, highlighting its utility. Currently priced at $0.022, it has been in presale for months and could see significant value growth in the future.

Read more: Why is Pepecoin (PEPE) Projected to Rise by 469%?

Hamster Token Price Drops by -65%

The Hamster token (HMSTR) recently saw a steep decline, dropping by -65% from its all-time high of $0.01004 on September 26, 2024, to $0.003427. This significant drop has raised concerns among investors about the token’s future. 

Its market cap has also decreased by about 10% within 24 hours, now standing at $218.39 million. The decline is largely due to market volatility and uncertainties in the broader cryptocurrency space.

Despite the downturn, Hamster Kombat, which supports the HMSTR token, is pushing forward with plans for season two, introducing new features like a gaming platform for building businesses. However, the price drop might discourage new investors and cause current holders to reconsider their positions, possibly leading to further sell-offs.