BlockDAG Raises $378M Outpacing Litecoin 3 Drop and SEI 7 Rally

BlockDAG has become a focal point in the cryptocurrency market after raising $378 million in its presale, outpacing recent developments in both Litecoin (LTC) and SEI. The project is leveraging this funding alongside high-profile sports partnerships in Seattle, signaling a shift in market attention toward its structured growth and tangible utility [1].

Litecoin’s price has fallen below the $120 level, now trading at $117.66, reflecting a roughly 3% drop in a single day. The asset, with a market capitalization of $9.03 billion and daily trading volume of $2.43 billion, faces uncertainty in the short term. Analysts have noted parallels between Litecoin’s current decline and historical patterns seen in Ethereum, which eventually rebounded sharply. However, without a clear reversal, Litecoin appears to be in a holding pattern, with derivatives activity declining more than 40% in a single session [1].

Meanwhile, SEI has shown signs of a potential breakout, rising 7% in a day to $0.34 and pressing against a key resistance level. The coin is being described as forming a "tightening coil," where accumulated buying pressure could trigger a significant upward move. If resistance breaks, the next targets are $0.72, $1.32, and $1.50. The network’s fundamentals have also improved, with all-time highs in wallet growth, transaction volume, and active contracts reported. Nevertheless, the market is still waiting for confirmation before committing to further gains [1].

In contrast, BlockDAG has demonstrated clear progress across multiple dimensions. With a presale batch price of $0.0276 and a projected launch price of $0.05, the project has raised $378 million in presale funds, showing strong and consistent investor demand. The project has also secured 20 confirmed exchange listings, including MEXC, BitMart, and LBank, ensuring robust liquidity and accessibility at launch [1].

Beyond the financials, BlockDAG has made strategic partnerships with Seattle-based sports teams, including the Seattle Seawolves and Seattle Orcas. These collaborations extend into NFTs, fan coins, and exclusive digital content, creating a bridge between blockchain technology and mainstream sports culture. The initiative is designed to increase visibility beyond traditional crypto audiences and foster broader adoption [1].

Technologically, BlockDAG is built on a hybrid blockchain and DAG architecture, supporting scalability up to 15,000 transactions per second. It also offers EVM compatibility and low-code tools for smart contract deployment, streamlining development without compromising efficiency. The project’s integration with its X1 mobile miner and X10 hardware miner, both launched earlier this year, further highlights its readiness for real-world adoption [1].

BlockDAG’s approach combines measurable results with strategic planning, distinguishing it from projects that rely on speculative hype. While Litecoin struggles with volatility and SEI remains in a watch-and-wait phase, BlockDAG has positioned itself as a project with clear, actionable milestones and long-term utility. This has helped it capture market attention and build a strong foundation for future growth [1].

Source: [1] With $378M Raised, BlockDAG’s Seattle Sports Push Overshadows SEI Buzz and Litecoin’s Price Drop (https://coinmarketcap.com/community/articles/68aa5704c9b7a42875d25696/)