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Cryptocurrency News Articles

BlockDAG's $237M Raise & Daily Buyer Battles Set a New Standard

May 12, 2025 at 05:00 pm

BlockDAG's $237M Raise & Daily Buyer Battles Set a New Standard

May 2025 has seen a shift in crypto buying habits, with several assets presenting unique opportunities. Mantra (OM) is attempting to stage a recovery following a steep crash, whereas SUI is encountering resistance after a mild pullback. Both assets are reaching key technical levels, which could influence their next move.

However, one project that stands out is BlockDAG, which is quickly approaching the final stages of its presale. The project has now raised over $237 million.

With its presale coin price of $0.0019 available only until May 13 and a daily coin distribution of 25 million through Buyer Battles, BlockDAG presents a time-limited chance for early participation. Considering its projected listing price of $0.05, this setup places BlockDAG among the most attractive crypto picks right now.

Mantra (OM) Finds Support After Severe Crash

Mantra’s OM token faced a massive price drop in April 2025, plummeting from $6.30 to $0.37 within 24 hours. This 94% loss was among the steepest in recent times, largely driven by excessive leverage and subsequent liquidations.

Following that dramatic fall, OM has shown signs of recovery. Trading at around $0.40, the token is in oversold territory, with the Relative Strength Index (RSI) dipping below the 20 mark. Typically, such technical conditions can indicate an upcoming rebound, especially if broader market sentiment turns positive.

Moreover, analysts are cautiously optimistic about OM’s potential. If buyer activity increases and broader crypto sentiment improves, OM might attempt to reach the $2.00 to $2.20 range. However, this move would depend on building a solid base and achieving multiple daily closes above resistance.

For now, the next direction for OM will depend on broader market factors and renewed long-term interest from traders.

SUI Shows Strength Following a Mild Drop

SUI recently gave back 10% after a 70% rally, sparking discussions about whether this was the beginning of a trend reversal or simply a natural pause for consolidation. Most technical indicators suggest the latter. A golden cross pattern is forming, and the RSI remains above 60, indicating that some momentum is still present.

The token has managed to stay above its crucial support zone, which lies between $1.25 and $1.30. If SUI manages to break through its immediate resistance, then targets around $3.90 to $4.00 seem achievable. Analysts believe that this latest drop was a normal pullback in an uptrend, rather than the start of a full-fledged decline.

As long as the structure remains intact and volume returns to previous levels, then SUI could continue building on its previous upward movement.

BlockDAG Gains Momentum With $237M Raised & Daily Buyer Rewards

While Mantra and SUI await technical confirmations, BlockDAG is presenting consistent progress with on-chain data. Having raised over $237 million and with its $0.0019 price available only until May 13, BlockDAG offers early adopters a 2520% ROI opportunity based on its projected listing price of $0.05.

BlockDAG’s strategy goes beyond hype by introducing real engagement tools. Its Buyer Battles feature runs daily, distributing 25 million BDAG coins over 24 hours to all participants. Anyone who makes a purchase within that day will receive a share of the pool.

But here’s the twist: if the full 25 million coins aren’t claimed by the time the next day’s round begins, then the remaining balance goes to the biggest buyer of the day. This reward format encourages ongoing participation, not just one-time purchases.

The competitive system turns casual buying into a contest, boosting both volume and excitement. With daily rewards linked to active participation and limited-time pricing, Buyer Battles plays a big role in keeping BlockDAG visible and engaged during its presale phase. It offers something more interactive than usual fundraising campaigns.

Original source:coindoo

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