BlockDAG Presale Hits $227.5M After Podcast Debut

In a season defined by market swings, it’s the projects with real staying power that stand out. Mantra (OM) is attempting to regain its footing

In a crypto season brimming with market shifts and new project launches, it’s the projects with a clear vision and sustainable plans that truly stand out. After a turbulent period that saw Mantra (OM) endure a 90% price drop from $6.30 to below $0.50, largely due to a large sum of OM tokens being moved to exchanges, the project is now attempting to recover.

The project, known for its open communication and community engagement, had previously announced a token burn of 160 million OM tokens, which includes 50% of the DAO’s founders’ holdings. This move is part of a broader strategy to stabilise the token price and rebuild investor confidence following a period of uncertainty.

At present, OM is trading at $0.54, showing signs of potential recovery. Technical indicators suggest a strong support level at $0.50, with resistance at $0.58. If the price manages to break through this resistance, it could set the stage for a bounce, potentially targeting $0.60 and $0.70 in the short term. Despite recent setbacks, Mantra’s proactive steps and the ongoing interest from the crypto community suggest a positive outlook for the token.

However, another project that has been making waves in the crypto sphere is Sui, which has quickly become one of the hottest assets due to its recent price surge. Nevertheless, technical signals now suggest that the coin could be due for a correction.

According to Elliott wave analysis, analysts believe that Sui may have just completed the third wave of a five-wave cycle, which is typically followed by a pullback. This adjustment could see the coin dropping to the IDR46,368 support level. The lower support zone also aligns with the 50% Fibonacci retracement of its recent upward move from the March lows to the May highs.

At present, the first support level to watch is around IDR55,000, where the coin had previously consolidated. If the coin dips below this point, the next support zone at IDR46,368 could come into play. On the flip side, if it manages to hold above these levels, it could continue its upward momentum. A drop below these key levels, however, could signal a more significant reversal.

Given the potential for volatility, investors are advised to have a robust risk management plan in place. This might include diversifying their portfolio to include a mix of assets with varying risk profiles and setting up appropriate orders, such as stop-loss limits, to help manage potential losses.

In addition, it’s crucial to stay informed about any project developments, market news, and technical analysis to make more educated trading decisions.

In a season defined by market swings, it’s the projects with real staying power that stand out. After a turbulent period that saw Mantra (OM) endure a 90% price drop and BlockDAG’s new podcast series is making waves as it brings the project’s community into the forefront.

The new podcast series is offering a unique window into the project, breaking down everything from its Beta testnet and unique mining structure to the referral rewards and the project’s roadmap leading up to the 2025 mainnet launch. Each episode serves as a direct connection between the team and listeners, giving investors and supporters a firsthand look at the project’s direction and the work being done.

This isn’t just about announcements; it’s about transparency. The podcast walks through how BlockDAG’s referral program works and the powerful mechanics behind its mining model. Plus, the ongoing feedback from the community is making a real impact, shaping the network ahead of the big mainnet rollout.

This level of clarity and openness sets BlockDAG apart from the usual hype-driven crypto projects. With its presale already smashing through milestones, having raised $227.5 million and sold over 19.6 billion coins, the project is making waves in the crypto sphere.

Right now, you can snag coins at just $0.0019, a price that’s bound to change, with batch 28 currently priced at $0.0262. Early buyers have already seen returns of 2,520%.

With strong momentum, a solid roadmap, and a commitment to long-term growth, BlockDAG is positioning itself as a must-buy coin for serious crypto traders.