BlockDAG Raises $324 Million With 100 Million BDAG Coin Airdrop

BlockDAG has successfully launched a 100 million BDAG coin airdrop, attracting significant attention in the crypto market. This initiative has helped BlockDAG raise over $324 million, positioning it as a strong contender in the rapidly evolving digital currency landscape. The airdrop is not merely a promotional event but a structured campaign designed to reward genuine user engagement across various platforms, including Testnet, Social, Referral, and Presale tasks. This approach ensures that participants contribute to the ecosystem's growth while expanding BlockDAG's reach.

While BlockDAG gains traction, other major cryptocurrencies face challenges. Cardano (ADA) is experiencing a decline in momentum, with its price slipping below key support levels. Since May 30, ADA has fallen below the $0.71 mark, indicating potential further drops to $0.51 and possibly $0.427 if selling pressure continues. The 90-day MVRV ratio remains positive, suggesting that many holders are still in profit and may sell during short-term rallies. Additionally, the mean coin age is trending lower, indicating widespread distribution, and development activity has cooled since February. Long-term holders are reducing their exposure, further weakening ADA's recovery prospects.

Pi Network, another prominent player, is building anticipation ahead of its June 28 community reveal. The Core Team is expected to address the Global Consensus Value (GCV), a symbolic price point that has significantly influenced community sentiment. Technical indicators for Pi Network are turning bullish, with the MACD crossing positive, RSI rising above 52, and the Balance of Power improving. However, without concrete developments such as smart contract deployment or a mainnet timeline, this optimism could quickly dissipate.

BlockDAG's success can be attributed to its innovative approach and user-friendly features. The X1 mining app, available on Android and iOS, allows users to mine BDAG coins with a single daily tap using a Proof of Engagement model. This mobile-first solution eliminates the need for complex hardware, making it accessible to a broader audience. The app has already attracted over 2 million users from more than 100 countries, demonstrating its global appeal.

Technically, BlockDAG is robust with a live testnet, developer hub, and DAG-based Layer 1 infrastructure that supports scalable parallel validation. Its EVM compatibility and built-in Smart Contract Wizard further enhance its capabilities, making it a strong contender in the next-generation crypto adoption race. BlockDAG's real milestones, including a growing user base and strong financial backing, position it as a high-potential crypto in the current market.