{"id":972653,"date":"2021-07-11T04:20:00","date_gmt":"2021-07-11T08:20:00","guid":{"rendered":"https:\/\/coinquora.com\/?p=57895"},"modified":"2021-07-11T04:20:00","modified_gmt":"2021-07-11T08:20:00","slug":"constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high\/","title":{"rendered":"Constellation (DAG) Is Up 35.50%. Here\u2019s Why DAG Hit a New High"},"content":{"rendered":"<br \/>\n<section class=\"article-header border-bottom pb-3 mb-3\"> <\/section>\n<section class=\"article-thumbnail mb-4 position-relative\"> <img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/07\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Constellation (DAG) Is Up 35.50%. Here's Why DAG Hit a New High\" srcset=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/07\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high.jpg 730w, https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/07\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high-1.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\"> <span class=\"d-block rounded disabled post-category text-uppercase\">Altcoin News<\/span>\t<\/section>\n<section class=\"article-content-wrapper px-2 py-3 bg-white rounded shadow-sm mb-3\" readability=\"70.512396694215\">\n<div class=\"list-tab\">\n<ul>\n<li><strong>Constellation price surprised everyone and outperformed most altcoins this week.<\/strong><\/li>\n<li><strong>Here\u2019s why the token hit a new high.<\/strong><\/li>\n<\/ul>\n<\/div>\n<p>Constellation (DAG) price surprised everyone by outperforming most altcoins this week. While the market is struggling, DAG hit a new high on July 10.<\/p>\n<p>Constellation (DAG) is a protocol that uses a directed acyclic graph structure to accomplish a consensus that is probably capable of infinite scaling.<\/p>\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/constellation\/\" target=\"_blank\" rel=\"nofollow noopener\">According to CoinMarketCap<\/a>, the price of DAG surged 35.50% in the last 24 hours. It rose from a low of $0.1398 on July 10 to a new record high at $0.2291 on July 10. And it is trading at $0.189721 at the time of writing.<\/p>\n<p>Here are the reasons why the crypto hit a new record high. This includes the release of a functioning DEX, an expanding list of global partners who use the Constellation network to manage data, and the network\u2019s strength to offer low-cost, highly scalable transactions, to name a few.<\/p>\n<p>Lattice Exchange (LTX) is an automated market maker-based DEX that uses Constellation\u2019s Hypergraph network to give a \u201cnear-zero fee and horizontally scalable decentralized network.\u201d<\/p>\n<p>So, in the past few months, the <a href=\"https:\/\/coinquora.com\/constellation-signs-yield-app-as-demand-on-defi-products-surges\/\">project added yield farming<\/a> for the LTX token. This also lets DAG holders participate in the network by staking tokens on a <a href=\"https:\/\/twitter.com\/conste11ation\/status\/1402052754537779216\" target=\"_blank\" rel=\"nofollow noopener\">state channel<\/a> to help improve the network\u2019s transaction per second (TPS) capability. Or by using DAG tokens to run a node on Constellation\u2019s Hypergraph Protocol to confirm data. And also transactions and get rewards in DAG.<\/p>\n<p>Another reason is Constellation\u2019s growing list of ecosystem partners. On this list, there is Amazon Web Services, the United States Airforce, and more.<\/p>\n<p>The matters about the consensus mechanisms of Bitcoin and Ethereum also played a part in the sideways price action. This opened the door for other competing projects to win attention.<\/p>\n<p>Recently, traders and blockchain projects were having a hard time with <a href=\"https:\/\/coinquora.com\/ethereum-gas-fees-on-the-surge-eth-2-0-to-provide-solution\/\">high gas fees on the Ethereum network<\/a>. Therefore, any project that gives secure, low fee transactions with a competitive TPS has the chance to thrive.<\/p>\n<p>Moreover, if the <a href=\"https:\/\/coinquora.com\/eth-bullish-trend-as-london-hard-fork-approaches\/\">upcoming London hard fork on Ethereum<\/a> doesn\u2019t upgrade leads to a significant reduction in fees, a growing demand niche could bode well for DAG price in the future.<\/p>\n<p><!-- Implement your own superfast social sharing buttons without any JavaScript loading. No plugin required.--> <\/section>\n<p> <!-- Custom Ads --> <a href=\"https:\/\/coinquora.com\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high\/\">Source: https:\/\/coinquora.com\/constellation-dag-is-up-35-50-heres-why-dag-hit-a-new-high\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":972655,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[4042,4398,3631,4735,7230,7043,3634,3884,7050,4150,3641,3642,4158,7127,3725,4424,6988,3646,3797,4307,4346,5254,3950,4383,4384,4074,4075,5454,3732,3801,3650,3653,5432,4195,3911,4856,3658,4202,3660,3742,3855,3663,4770,3665,4020,3743,4480,3920,3921,3745,3975,4357,4284,3978,3671,4036,3813,3672,3673,3752,3753,3982,3983,4590,4809,3815,3941,4335,3677,4370],"artist":[5789],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/972653"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/972655"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=972653"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=972653"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=972653"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=972653"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=972653"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=972653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}