BlockDAG Raises $441M in Presale, Trading Outlook Turns Bullish
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Presale Funding Milestone: BlockDAG has raised over $441 million during its presale phase, with only 3.5 billion coins remaining and a closing date set for January 26, indicating strong market interest that could drive its post-listing performance.
- Rising Price Expectations: Market makers suggest that BlockDAG's opening price could exceed the $0.05 reference level, with initial trading estimates ranging from $0.38 to $0.43, representing a 7.6x to 8.6x increase from the reference price, reflecting robust buying interest and limited early supply.
- Significant Network Participation: BlockDAG currently boasts over 312,000 holders and more than 20,000 X-Series miners sold, indicating active engagement ahead of market entry, which lays a solid foundation for its future market performance.
- Transition to Community Ownership: A signed Letter of Intent from CEO Nic van den Burgh outlines a shift towards full community ownership, a strategic move that not only enhances project transparency but may also increase user engagement and loyalty.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
