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Sujit Kumar
Apr 2, 2025

BlockDAG Quickly Raises $5 Million In Just Two Days, Outshining XRP's Struggle and Solana's Ascent

BlockDAG Secures $5M
XRP is facing challenges despite some legal victories. Although Ripple's dispute with the SEC brought some respite, the token is still grappling with an increase in supply and dwindling demand. Last year, the circulating supply of XRP increased by 4 billion, and interest from large holders has declined, putting the $1.96 support level at risk.

Should this level break, a drop to $1.35 could soon follow. On another note, Solana is benefiting from the current enthusiasm around memecoins and decentralized finance. Market analysts predict a 65% increase in Solana's price, potentially reaching $235, fueled by strong network activity and promising technical indicators.

However, the main attention is now on BlockDAG. Just 48 hours following their Keynote 3, the team managed to secure $5 million—showing the community's strong interest. With an active Beta Testnet that's already handled 1.2 million transactions and practical applications already in operation, BlockDAG (BDAG) is advancing quickly compared to other early-stage Layer 1 projects.

XRP Price Forecast: Price Fall Ahead?

XRP is experiencing renewed pressure, dropping 7% on Friday as negative market sentiment intensifies. Even though the SEC has ended its appeal against Ripple, XRP prices have not responded, indicating that the market may have already anticipated this news. Now, decreasing demand coupled with an increasing supply threatens to lower its price further.

Ripple releases about 1 billion XRP from escrow each month, with approximately 33% of it moving into circulation. Over the last year, the supply of XRP has increased from 54 billion to 58 billion, while on-chain activity has slowed and transactions from large holders have returned to levels seen before the election.

whales are buying

Technically, XRP is nearing a Head and Shoulders pattern formation. If it breaches the $1.96 support, a potential fall to $1.35 could occur. However, this support level has been defended several times since December.

Solana Price Forecast: Potential 65% Increase as Market Momentum Grows

Solana might be poised for a significant breakout, with analysts forecasting a 65% jump in its value by April, which could push prices up to $235. This bullish prediction follows a confirmed breakout from a falling wedge pattern, supported by increasing RSI levels and a resurgence in market optimism.

The rise in memecoin activity on Solana, particularly through platforms like Pump.fun, is driving this potential rally. On a single day, over 34,000 memecoins were launched on Pump.fun, reflecting a significant increase in network activity. Moreover, the recent introduction of Pump.fun’s DEX, which now boasts over $1 billion in trading volume, has boosted bullish sentiment for Solana.

Solana Price Forecast

Historically, increased activity in Solana’s memecoin market has led to substantial price rallies for SOL. With the 50-day EMA currently at about $154 acting as a key resistance level, a decisive break above could confirm the anticipated upward movement. If the momentum continues, SOL might not only revisit its previous highs but also reach new peaks this cycle.

BlockDAG's 48-Hour Surge: A Look Beyond the Hype

BlockDAG's recent Keynote 3 has significantly shifted its position in the blockchain arena, swiftly moving from an emerging Layer 1 to a major topic of discussion. Within 48 hours following the event, BlockDAG managed to raise $5 million, elevating its crypto presale achievement to over $210 million, with the BDAG token priced at $0.0248 in the current batch. This surge wasn't just about enthusiasm but was backed by substantial progress.

The unveiling of a live Beta Testnet V1, capable of handling over 1.2 million transactions and supported by more than 100 community nodes, was a key highlight. This testnet is not just operational; it comes equipped with a block explorer, tools for creating tokens and NFTs, and functioning dApps, demonstrating that BlockDAG has moved well past the conceptual phase.

Additionally, the event showcased a future roadmap aiming to integrate over 1,000 decentralized apps by 2026 and disclosed significant collaborations with global entities like Inter Milan and UFC, broadening its appeal beyond typical blockchain enthusiasts. With a strong base of over 800,000 X1 App users and 16,700 units of mining equipment sold, BlockDAG's practical engagement in hardware, mobile, and ecosystem development is evident.

170,000 holders

"As we envision the future, we're actively constructing it," noted CEO Antony Turner.

As BlockDAG gears up for upcoming listings and the launch of its main network, the community's momentum is clear: the window to engage is narrowing, particularly with BDAG aiming for a valuation of $1.

Key Insights

While XRP struggles to balance its supply with its demand, presenting a precarious situation, Solana shows promising signs of a breakout, largely influenced by the unpredictable memecoin market. In contrast, BlockDAG's path is firmly established through tangible achievements. The recent $5 million raised in a mere two days isn't just excitement—it's a testament to the community's confidence in an operational testnet, already-existing dApps, and active partnerships. From its network of over 100 active nodes to the vast user base actively mining via the X1 App, the foundation is set even before its main network is live.

Currently priced at $0.0248 with a goal of reaching $1, the potential for a 40-fold return is not just a projection but a plausible outcome. This convergence of solid fundamentals and market enthusiasm is creating a unique moment, and early participants are already seeing benefits.

click here to experience BDAG

BlockDAG Quickly Raises $5 Million In Just Two Days, Outshining XRP's Struggle and Solana's Ascent
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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