3 reasons why Constellation (DAG) price outperformed most altcoins this week

3 reasons why Constellation (DAG) price outperformed most altcoins this week


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. 

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.

Data from Cointelegraph Markets Pro and TradingView 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.

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DAG/USDT 4-hour chart. Source: TradingView

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’s ability to offer low-cost, highly

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