Fundraising soars for BlockDAG during presale, reaching an impressive $17 million, amid a surge in prices for BNB Chain and Litecoin.
The BlockDAG Network, a significant player in the cryptocurrency market, continues to make waves with its innovative financial models and forward-thinking strategies. Founded by Yonatan Sompolinsky, the mind behind DAGLabs and the GHOSTDAG protocol that underpins the technology used in the BlockDAG network and Kaspa, the network is setting ambitious targets, including a projected 30,000x return on investment.
BlockDAG's presale is currently in its 8th batch, having raised $17 million and sold 7.4 billion coins priced at $0.0045 each. This impressive performance is a testament to the network's appeal in the crypto space, offering attractive investment opportunities.
The network's economic framework is designed to create a stable and predictable stock market environment, a factor that has likely contributed to its success. Miners, who receive 80% of the community's allocation in BlockDAG, play a crucial role in network security and reliability, with 20,000 LTC added to their holdings, signaling confidence in Litecoin's value growth.
Litecoin, too, is showing potential for a price increase, with forecasts suggesting a climb to $150. Recently, it achieved a price of $105.98, with a 35% increase observed over the past 20 days.
The BNB Chain, where significant trades on tokens like USDT, BNB, VENOM, and the meme token Cat in a Dog's World (MEW) were observed, also experienced a surge in daily trading volume, crossing the $2.2 billion mark on March 24.
BlockDAG's rapid growth is reflected in its ambitious roadmap, which includes a projected total of 45 presale batches. To further boost its visibility in the cryptocurrency concepts community, the Las Vegas Sphere has been used for promotional efforts for BlockDAG.
Interested parties can find more information on BlockDAG's website, presale, Telegram, and Discord channels. The network has a controlled total supply of 150 billion coins, with 66% earmarked for community initiatives, indicating a strong focus on community-focused initiatives.
BlockDAG's ultimate goal is to raise $600 million in coin sales by the end of the year, a target that, given its current momentum, seems within reach. As the network continues to grow and evolve, it remains a noteworthy player to watch in the rapidly changing cryptocurrency market.
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