BlockDAG Raises $337 Million, Attracts 2 Million Miners with 25% Referral Rewards

BlockDAG has emerged as a formidable player in the cryptocurrency market, with its recent presale raising $337 million and attracting over 2 million miners. The project's 25% referral rewards program has been a significant driver of its growth, incentivizing users to bring in new participants and fostering a strong community. This grassroots approach has not only helped BlockDAG amass a substantial user base but also positioned it as a strong contender against established cryptocurrencies like Avalanche (AVAX) and Kaspa (KAS).

AVAX is currently facing a critical resistance level at $26, a break above which could signal a bullish trend. However, the coin has been in a downward channel since March, with a significant drawdown from its peak levels. The on-chain data shows increasing daily transactions and DeFi activity, which could provide the necessary momentum for AVAX to overcome this resistance. Conversely, a failure to breach $26 could see AVAX retreating to its support level around $20.

Kaspa (KAS), on the other hand, has shown steady price action, holding firm near the $0.081 resistance level. After a period of decline, KAS has stabilized and formed a base just below its resistance area. This calm strength suggests that traders are cautiously optimistic, waiting for a clear signal to push higher. The support level near $0.074–$0.075 remains robust, providing a safety net for buyers.

BlockDAG's approach to community engagement and user acquisition is notably different from AVAX and KAS. Its referral program offers a 25% reward in BDAG for each new participant brought in, with no earning cap. This has turned casual sharing into a significant earning opportunity for many users. The project's X1 Miner App, with over 2 million active users, further demonstrates the demand for accessible crypto mining. The GLOBAL LAUNCH release entry point remains open until August 11 at $0.0016, offering a potential ROI of up to 3,025% when BDAG lists at $0.05.

With over $337 million raised and 23.8 billion coins sold, BlockDAG's blend of grassroots sharing, accessible mining, and a clear roadmap positions it as a strong decentralized crypto pick for the next cycle. The project's focus on community engagement and user acquisition has not only driven its growth but also built a strong foundation for future success. As the cryptocurrency market continues to evolve, BlockDAG's innovative approach and strong community support make it a compelling option for investors looking to diversify their portfolios.