Over 20B BlockDAG Coins Sold As Buyer Battles Ramp Up Amid ETH Mainnet Upgrades & PI Price Predictions

Traders are starting to see more action across crypto markets, with fresh upgrades, bold bets, and smart plays.

In the dynamic realm of cryptocurrency, traders are constantly seeking new opportunities, whether it's through blockchain innovations, presale participation, or the latest token rumors.

As traders begin to see more action across crypto markets, they are focused on the recent Ethereum (ETH) mainnet upgrade for Pectra, which brought significant efficiency improvements, resulting in one of the sharpest rallies seen in ETH in several years.

The upgrade, focused on improving validator efficiency and reducing gas fees, could benefit developers and layer-2 protocols. Many analysts believe the Ethereum mainnet upgrade could drive further interest in ETH, especially if these improvements hold up.

ETH is currently trading slightly above the $2,500 mark, and if market sentiment remains positive, traders will be watching closely to see whether this upgrade could be the catalyst for broader altcoin moves.

However, another token that has traders buzzing is Pi Network (PI), as speculation is heating up. A 17% rally saw PI rise to $0.7463, fueled by rumors of a major announcement on May 14. Technical charts show a Bollinger Band squeeze forming, a setup that many traders associate with potential for larger moves.

Moreover, data suggests a large number of Pi tokens were sent to a still-undisclosed entity, sparking rumors of major exchange listings. Investors are interested in seeing if the upcoming announcement will bring clarity on listing plans or the launch of a developer fund. Both scenarios are being closely observed by traders.

In other developments, BlockDAG (BDAG) has set itself apart with its unique presale format, known as Buyer Battles. Every 24 hours, 150 million BlockDAG are put up for grabs, with any remaining coins at the end of the day going to the biggest spender.

This constant competition has helped the project raise over $246 million and sell more than 20 billion BlockDAG. At present, the presale is valued at $239 million, a significant sum even in the cryptocurrency domain.

Early backers, who managed to secure coins for less than a penny, have already witnessed notional gains of 2,520%. Despite this impressive return, there is ongoing interest in BlockDAG, with new traders continually joining.

At the current presale price of $0.0262, buyers are paying almost half of the planned $0.05 launch price while remaining eligible for the leftover pot. However, it is important to note that the BlockDAG price is currently frozen at $0.0020 until 13 June.

A 5 million BlockDAG remainder would award today’s biggest buyer with $131K and potentially double that at launch.

While the large cash prize is a strong motivator, it’s not the only factor drawing traders into the daily battles. Many are also keen on seeing how the presale progresses ahead of the planned mid-2024 launch.