BlockDAG Attracts 2.5M Users and $383M Presale Amid DOGE and Pi Struggles

BlockDAG is emerging as a leading contender in the cryptocurrency space, with over 2.5 million X1 app users and a $383 million presale raising significant investor attention. The project is being positioned as a viable alternative to meme-driven coins like Dogecoin (DOGE) and community-based efforts such as the Pi Network, both of which are currently facing challenges. BlockDAG’s hybrid blockchain and DAG architecture, coupled with its transparent Explorer and real-world utility, are key factors in its growing appeal [1].

Dogecoin, despite its strong retail following, is under pressure as key investor groups reduce their exposure. The token recently fell below critical support levels, raising concerns about further downward movement. On-chain data reveals that 76.95% of DOGE supply remains in profit, historically linked to sell-offs. The Bull-Bear Power index further indicates weakening demand and rising sell pressure, suggesting that DOGE remains vulnerable to market sentiment and liquidity shifts [1].

The Pi Network, while boasting a vast user base, is struggling with technical limitations. Developers are reportedly planning a second mainnet migration in 2025 to resolve ongoing issues with token transfers, locked balances, and delayed bonuses. These challenges have led to a decline in investor confidence, despite continued intermittent capital inflows. Technically, Pi remains below the 50-EMA and is constrained by a descending trendline, with RSI near oversold levels and MACD confirming bearish momentum [1].

In contrast, BlockDAG is demonstrating tangible progress. Its X1 app enables Proof-of-Engagement mining from any smartphone, allowing users to earn BDAG coins through in-app activity. This grassroots approach is building a strong user base ahead of the project’s full launch. The X1 app currently has 2.5 million active users, making it one of the most engaged platforms in the crypto space. This level of user participation, combined with the project’s hybrid architecture, which supports 2,000 to 15,000 TPS and EVM compatibility, highlights BlockDAG’s technical readiness [1].

The BlockDAG Explorer, already operational, adds another layer of transparency. It provides real-time insights into transactions, miner activity, and network health. This tool is particularly valuable for investors seeking visibility into on-chain metrics, as it offers a level of transparency that DOGE and Pi have yet to achieve. Additionally, the BlockDAG Academy integrates on-chain learning credentials, further enhancing the project’s educational and developmental appeal [1].

BlockDAG’s financial performance also stands out. The project has raised over $383 million in its presale, with Batch 29 priced at $0.0276 and a launch target set at $0.05. This strong capital raise, along with measurable user growth and real infrastructure, positions BlockDAG as a project with both short-term traction and long-term potential. Unlike speculative cycles driven by hype, BlockDAG is delivering visible progress before its official launch [1].

The broader market is beginning to recognize the difference between projects that offer real utility and those that rely on community size or meme-driven momentum. BlockDAG’s hybrid blockchain and DAG framework, combined with its transparent Explorer and active user base, make it a compelling option for investors seeking long-term value. As DOGE and Pi navigate their respective challenges, BlockDAG continues to build a robust foundation that aligns with the evolving needs of the crypto market [1].

Source: [1] Why Investors Back BlockDAG: 2.5M X1 Miners & $383M Presale Outpace DOGE and Pi in the Best Crypto to Buy Now Race (https://coinmarketcap.com/community/articles/68ae75bd4238b07f43fde789/)