In the high-paced crypto world, a lot of noise is created. Predictions of prices, next big thing discussion, memes, Hype. However, it is a combination of actual infrastructure, wide implementation, observable improvement, not merely hype which makes the difference between projects that may simply disappear and those with real staying power. To most of the observers in India, where regulative clarity is gradually shaping out and crypto users desire to be in safer bets, the distinction has never been more important.
This paper analyzes three crypto projects: Kaspa (KAS), Pi Network (PI) and the newly emerging project BlockDAG (BDAG) – demonstrating why BlockDAG is currently being targeted to get more than just talking.
KAS: Hacking at the 0.10 Ceiling
- In the recent trading, Kaspa has been range bound between about 0.083 and 0.086.
- It has attempted several times to penetrate past the $0.10 level but yet has not successfully broken through that stage. There appears to be a resistance wall at the $0.10 mark.
- It can be speculatively traded by the speculative traders as long as it is breaking out, but until it breaks out Kaspa seems to be in the consolidation-state no upside unless new stimulants occur (e.g. upgrades, partnerships, adoption).
Pi Network (PI): Promises, But Delays and Theory
- Pi has been vowing substantial protocol development: in particular, embedded KYC (Know Your Customer) functionality, and Rust smart contract support. These are significant towards protocol maturation.
- Adoption of those upgrades however, is a far-fetched reality as the network is not fully operational to most users and the actual effects of said changes are yet to be experienced. One of the themes that is repeated is delay.
- In short: strong on paper. None of the wide use is yet proven.
BlockDAG (BDAG): Adoption, Infrastructure, Scale– Pre-Mainnet
BlockDAG is the project and the most progressed one in terms of providing visible measurable adoption and infrastructure, although certain competitors are not totally launched yet. Key facts:
- To date approximately 20,000 X-Series hardware miners are sold (or 130-19,700) in 130 plus countries.
- X1 mobile miner already boasts of 3 million+ people mining using smartphones every day.
- Presale has brought up close to US$405-410 million. BDAG presales of over 26+ billion coins sold to date.
- Recent batches (Batch 30) have cost almost US$0.03 to presale, although there were limited-time previous access which has been pegged at approximately US$0.0013.
- They are training or have events like a “Deployment Event” in Singapore which is aimed at demonstrating real demos, delivery of miners, developer activity etc.
- The interest of the developers is high: more than 4,500 developers are building 300+ dApps in the hope.
- Infrastructure: account abstraction, UTXO elimination, miner/hardware integration, vesting contracts etc., are under experiment or their rollout of an Awakening Testnet.
So BlockDAG is actually fulfilling what most projects promise but fail to do, which is ship hardware, onboard users, do mobile mining, create developer tools, verify exchange listing, get audits, etc.

Why BlockDAG is more plausible at this point in time (Particularly to Indian / Asia Investors)
These are just a few reasons that I think BlockDAG has more of the going right at this point with caveats:
- Low Entry + High Upside (and risky) Since the initial batches are priced extremely low (US$0.0013 etc.) it can be multiplied several times in case the project achieves success. But these low entry points are as well associated with increased risk.
- Actual Adoption vs Hypothetical Prospect. People are literally holding hardware miners, mobile mining is live, people are constructing them in their garage, developers are making it, these are more indicative signs than a project that merely says soon. Mostly in India where projects have failed to deliver to many investors.
- Global Reach The presence of devices in various geographies, shipping hardware to 130+ countries contributes to decentralization as well as trust.
- Upcoming Milestones The Awakening Testnet, Deployment Events (e.g. Singapore), exchange listings – these are either on the verge or already established. The traction is evidenced by good events.
- Risk Factors: Uncertainty in regulation (particularly of hardware miners, crypto presales etc.), execution, substitutes of the current blockchain (Etherium, Solana, etc.), and the possible dynamics of token listing (supply, lockups, vesting). There is always a possibility that the execution will be behind schedule.
The Comparative Analysis of BlockDAG, Kaspa, and Pi in Structure
Feature | Kaspa (KAS) | Pi Network (PI) | BlockDAG (BDAG) |
Live adoption | Yes, limited usage cases and liquidity | price tapped out at resistance Critically few users | in rollout and upgrade phases only Live adoption Yes, limited use cases and liquidity; price stalled at resistance Minimal to many folks; still in rollout and upgrade phases only Mobile mining available, dev ecosystem building. |
Potential price growth | Speculative potential If it breaks above 0.10 | resistant High potential | full network, upgrades operational and large multiples are major uncertainty now |
Technical maturity | Feature some; existing chain; less visible developer activity Some proven features; existing chain; but less visible developer activity | Upgrades pending; theoretical improvements, adoption lagging | Under testnet features; hardware, audits, developer tools in motion |
Liquidity / Listing | Listed already liquidity is determined by volatility in process | there are known delays known liquidity pathways are more visible | confirmed exchange listing; clear presale batches; liquidity pathways are more visible |
Risk | Price resistance; macro/regulation; competition | Delays; network effects; uncertain timing | Share it with competitors possible; execution risk; regulatory risk; oversupply or market correction possible |
What to Keep an Eye on, in case you are considering BlockDAG (or Comparing)
- Monitor the listing price vs presale price: is the difference in price between early buyers and the dispersing price or discount very large? Some sources mention the listing price of $0.05 which is expected.
- The Awakening Testnet performance: does the network load? Are features as advertised to work in practice?
- Hardware miner delivery: shipment delays, shipping fees, customs (particularly to India), after sales service etc. Should the units be delayed a lot or the number of buyers with problems, reputation will be affected.
- India regulation: crypto presales, mining equipment, importation taxes. Also tax implications. To Indian investors, it is very important to be tax/legal risk compliant and aware.
- Tokens economics: total supply, circulation supply, vesting, inflation (wiz), distribution of tokens, number of vesting spread to team / advisors etc.
Conclusion:
Is blockDAG beating Kaspa and Pi, At least in the short term? Indian investors, who are also weary of speculative crypto hype with no delivery, BlockDAG is one of the better bets of the next generation projects. It facilitates adoption, hardware and mobile mining on a global scale, developer interest, and infrastructure under stress test. BlockDAG has more happening today as compared to Kaspa, which is at resistance and requires new catalysts and Pi, which is still facing delays and theoretical improvements.
This is not to say that it is sure to win. The common caveats are in use: execution risk, regulation, timing, competition. However, in case you believe in Layer-1s, hybrid PoW and DAG, mobile/hardware mining, then BlockDAG is sending more concrete messages.
Summary
- Kaspa is yet to overcome its resistance at an approximate of $0.10, but rather it trades within the range of $0.083-0.086. Profits can be restricted until it explodes.
- Protocol updates (KYC, smart contract support) have been promising and Pi Network has been able to make, however, actual adoption and usage remains largely a future promise; delays remain.
- BlockDAG (BDAG) is aggressively providing: more than 20,000 hardware miners sold in 130+ countries, 3 million+ users mining through mobile app, almost US400-410 million presale raised, 26+ billion tokens sold already, several exchange listing agreements, developer ecosystem expanding.
- To Indian investors, BlockDAG has greater upside potential in the short term, but has greater execution and regulatory risk. In the event that it performs well, the returns may be high.
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