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Cryptocurrency News Articles

BlockDAG Celebrates a 1000% Increase in Its 17th Batch, Successfully Amassing $46.9M during its ongoing presale

Jun 10, 2024 at 01:20 am

Featuring the latest Keynote 2, which showcases advanced mining solutions, a pioneering DAG-based PoW consensus, and other technological advancements, BlockDAG promises unmatched scalability and security.

BlockDAG Celebrates a 1000% Increase in Its 17th Batch, Successfully Amassing $46.9M during its ongoing presale

BlockDAG, a crypto project renowned for its BlockDAG Chain and DAG (Directed Acyclic Graph), has achieved remarkable milestones in its ongoing presale. Having sold out 16 batches in a span of 17 days, BlockDAG has now raised a total of $46.9 million in its 17th batch.

This impressive achievement has sparked optimism among crypto enthusiasts, who anticipate a potential surge in the coin’s value once it hits the open market. Currently priced at $0.011, some experts predict that the BDAG coin could reach $10 by 2025 and even $30 by 2030.

This striking growth forecast translates to a possible 30,000x return from the market launch price, an astronomical figure that has piqued the interest of many.

BlockDAG's success in the presale is largely attributed to the launch of its latest Keynote 2, which showcases advanced mining solutions and the DAG-based PoW consensus. This technological edge promises unmatched scalability and security, making BlockDAG an attractive proposition for those seeking next-generation crypto assets.

In other market updates, Bitcoin ETFs continue to be a focal point for community discussion. Last week in the U.S., Bitcoin ETFs saw net outflows of $700 million, driven primarily by a single large redemption from the ProShares ETF.

However, zooming out to a broader time frame reveals a different story. Since mid-March, Bitcoin ETFs have seen a net capital inflow of $1.2 billion, indicating strong demand for exposure to the leading cryptocurrency.

This demand is further evidenced by the approval of Australia's first spot Bitcoin ETF, which provides direct exposure to Bitcoin and adheres to local regulations. The ETF saw a strong debut, amassing holdings of 8,660 BTC.

Despite these milestones, some in the community express a preference for more stable crypto avenues due to the inherent volatility and regulatory uncertainty associated with Bitcoin ETFs.

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