Investment experts opt for BlockDAG's $66.7 million pre-sale, buoyed by optimistic price predictions for Filecoin and Shiba Inu cryptocurrencies.
BlockDAG Raises $383 Million in Presale, Nearing Mainnet Launch
In the dynamic world of cryptocurrencies, one project is making waves – BlockDAG. The innovative Layer-1 solution has successfully raised an impressive $383 million in its presale, significantly surpassing earlier reports of $66.7 million.
Currently in its 21st presale phase, BlockDAG's tokens are priced around $0.0276. With strong market expectations targeting a post-launch price of $1, early investors could potentially realize a 36x return on investment.
BlockDAG's technology, a hybrid of Directed Acyclic Graph (DAG) and Proof-of-Work (PoW), utilizes the GhostDAG protocol to enable multiple blocks to form simultaneously. This innovative approach allows for extremely high throughput (~10,000 transactions per second) while maintaining security and decentralization.
The project has attracted a large community, with over 2.5 million users, 19,400 ASIC miner sales, and a substantial developer base of over 4,500 developers involved. The presale features gamified referral rewards and no token vesting, facilitating immediate post-launch liquidity.
BlockDAG's ecosystem boasts a live testnet with decentralized apps (dApps), NFT capabilities, and Ethereum Virtual Machine (EVM) compatibility. This infrastructure has attracted over 300 live dApps, signaling a focus on real-world utility and ecosystem growth.
The project is set to launch on 20+ exchanges, including major ones like Coinbase and Gemini. It has undergone security audits from reputable firms Halborn and CertiK, and the sale of ASIC mining hardware worth $7.8 million indicates strong institutional interest and physical network support.
With a mainnet launch planned for August 2025, BlockDAG is poised to make a significant impact in the cryptocurrency market. Analysts project the token might list initially around $0.05 (about 81% upside from current presale price) with a longer-term goal of $1 per token post-launch.
Meanwhile, Shiba Inu (SHIB) continues to hold a 0.40% market share, trading at $0.00001640 with a 24-hour volume of $165.65 million and a market capitalization of $9.66 billion. Despite a recent 2.60% decline, Shiba Inu remains a notable player in the crypto space.
In a related development, Filecoin is scheduled for a major upgrade, the NV23 "Waffle" update, on August 6. This update aims to boost network efficiency by accelerating transactions, easing storage addition, and reducing expenses. Upbit, a South Korean exchange, will pause Filecoin activities (deposits and withdrawals) at 18:00 KST on August 6 for the upgrade.
As always, it's crucial to do thorough research before making any investment decisions. This article is for informational purposes only and does not constitute investment advice.
[1] BlockDAG Official Website: [https://blockdag.io/] [2] BlockDAG Presale: [https://presale.blockdag.io/] [3] BlockDAG Whitepaper: [https://blockdag.io/whitepaper.pdf] [4] BlockDAG Medium Blog: [https://medium.com/blockdag] [5] BlockDAG Twitter: [https://twitter.com/blockdag_io] [6] Shiba Inu Data: [https://coinmarketcap.com/currencies/shiba-inu/] [7] Filecoin Upgrade: [https://filecoin.io/blog/posts/filecoin-project-upgrade-nv23-waffle/] [8] Upbit Announcement: [https://twitter.com/UpbitGlobal/status/1546890524075040770]
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