BlockDAG Surpasses $358M Presale Amid Weak Crypto Market

Toncoin (TON) remains in a consolidation phase as it struggles to break past key Fibonacci resistance near $3.35, according to recent market analysis [1]. The price has seen limited movement between $3.18 and $3.39 in recent days, with technical indicators suggesting a lack of sustained bullish momentum. Support levels are currently forming around $3.29–$3.30, and a close above $3.36 could potentially push the price toward $3.42 or $3.45 [2]. However, a drop below $3.29 may trigger a further pullback toward $3.26, signaling continued uncertainty in the near term.

Meanwhile, Shiba Inu (SHIB) experienced a significant token burn event, with over 600 million tokens removed from circulation within 24 hours [3]. Despite the aggressive reduction in supply, the price of SHIB declined nearly 5% in the same period, settling at approximately $0.00001349. This highlights the limitations of token burns in driving price action when broader market demand remains weak [4]. Resistance is forming at $0.00001407, and traders are closely watching for a potential bounce or deeper correction.

In contrast, BlockDAG (BDAG) is following a fundamentally different trajectory. The project has raised $358 million to date, with 24.6 billion BDAG tokens sold and 4,500 developers contributing to more than 300 active Web3 projects. This substantial on-chain activity is rare for a presale project and demonstrates a focus on real-world utility rather than speculative trading [5]. The growing ecosystem spans decentralized finance, gaming, payment systems, and utility-based applications, which is expected to drive long-term demand for BDAG.

At the current presale price of $0.0016, BDAG is projected to list at $0.05, offering a potential 3,025% return. Some analysts are forecasting even higher outcomes, with short-term price targets at $1 and long-term expectations reaching $10 or more [6]. As the presale progresses and each batch sells out, the price is expected to rise incrementally. Investors securing BDAG before August 11 are advised to take advantage of the early-stage entry point.

Looking ahead, the crypto market continues to display mixed signals. Toncoin’s inability to break out and SHIB’s price decline illustrate the challenges of relying on short-term volatility. BlockDAG, on the other hand, is positioning itself as a long-term contender with its rapid development and ecosystem expansion. Analysts are increasingly viewing BDAG as one of the most promising projects for 2025, offering real-world utility beyond market cycles [7].

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[1] https://coinmarketcap.com/community/articles/688da12f2071ae4d318f4fb7