BlockDAG (BDAG) Drops Price to $0.0025 in Its Biggest Crypto Offer

April is turning out to be a key month in crypto trends. After Mantra (OM) dropped a massive 90% and faced issues around concentrated holdings, market

April has been a month of interesting developments in the crypto sphere, with some projects facing difficulties while others prepare for major milestones.

One project that has hit a snag is Mantra (OM). The token's price has crashed drastically from highs of over $6 to trade at just $0.37. This downfall has wiped out nearly $5.4 billion in value, making it comparable to the collapse of Terra LUNA.

Reports suggest that 90% of OM’s total supply is still held by insiders, and around 43.6 million OM were sold in the days leading up to the crash, triggering a $67 million liquidation wave.

While Mantra CEO, Andre Mullin, has denied claims of insider trading, he attributes the crash to a large-scale liquidation on a major exchange. To mitigate the crisis, Mullin is planning to utilize a $109 million ecosystem fund and may consider buybacks to regain investor confidence.

After a brief recovery that pushed OM to touch $1.10, the token has settled at around $0.60. Technical indicators suggest that the token is oversold and may see some upward movement. However, the challenges remain significant.

As the chart shows, the price of OM has dropped rapidly in recent days. The token is now trading at lower levels, and it remains to be seen how quickly it can recover from this setback.

Another project that is making headlines is BlockDAG (BDAG), which is rolling back its price to $0.0025 ahead of its official debut.

The project, which originally launched at $0.001 and reached a peak of $0.0248 in batch 27, is now offering the BDAG coins again at $0.0025. It’s not a markdown; it’s a reset.

For those who joined early at $0.001, it’s a return to a familiar price, yet with the addition of 2,380% returns. But with this low entry point opening briefly for a limited time, and the network’s mainnet launch getting closer, there are several factors setting up another potential leg up.

Those in the know say 10 exchange listings are also confirmed, which again adds to the urgency of this short-term window.

Those still debating which crypto to buy today may find the answer in this limited opportunity. It’s a final entry point that may close quickly for those who missed out at $0.001. BlockDAG isn’t just launching; it’s launching with momentum.

Those who missed the first presale stage may have a second chance to join in on the crypto offering as it prepares for its mainnet launch and integration with 10 exchanges.

The project has already raised over $218.5 million in presale revenue, distributing more than 19.3 billion BDAG coins without any external fundraising. It operates on a hybrid model that merges BlockDAG and Proof-of-Work protocols and scales from 2,000 to 15,000 TPS.

BlockDAG has also passed a security audit by Halborn and is currently undergoing a review by Certik.

In addition to the core network launch, BlockDAG will also be introducing full DeFi utilities, including bridge, lending, staking, and smart contract creation capabilities.

Alongside these developments, BlockDAG’s X1 Miner app has now engaged over a million users, and the delivery of ASIC devices is progressing smoothly.