Dogecoin News Today: BlockDAG Hits $365.5M Presale as Dogecoin Rises 1.35% and Cardano Gains on NIGHT Airdrop

BlockDAG has raised over $365.5 million in its presale, marking one of the largest early-stage fundraising efforts in the crypto space this year [1]. The project is on track for its official launch on August 11, with the token currently priced at $0.0016. This momentum comes as Dogecoin and Cardano also show signs of growth, with DOGE posting a 1.35% rise in the past 24 hours and ADA gaining traction due to the anticipated NIGHT token airdrop and a $71 million funding boost [1].

Dogecoin’s recent performance indicates a bullish trend, with the price climbing to $0.2065 and trading volume increasing by 38% to $1.74 billion in the past day. The coin initially dipped to IDR 3,280 before rebounding to IDR 3,466, reflecting increased short-term demand. Analysts suggest that if DOGE remains above $0.20 and its RSI moves past 50, it could signal the start of a more substantial upward movement [1]. However, the market remains cautious, with many observers watching for signs of a sustained breakout.

Cardano’s recent surge is being fueled by a combination of speculative enthusiasm and real-world development. The NIGHT token airdrop, expected to reach over a million wallets, is generating strong community interest, while the recent $71 million funding announcement is being directed toward improving transaction speed, cross-chain capabilities, and developer tools [1]. These developments are helping to reinforce ADA’s position as a key player in the layer 1 blockchain space.

BlockDAG, built on Directed Acyclic Graph (DAG) technology, is positioned as a scalable alternative to traditional blockchain architectures. With over 200,000 unique holders already participating in the presale, the project is drawing attention from a wide range of investors [1]. The platform’s PoW-DAG consensus mechanism is designed to enhance throughput and security, offering a compelling proposition for users seeking high-performance solutions.

Market speculation suggests that BlockDAG could see a significant price increase in the future, with some analysts forecasting a potential rise to $1 following its launch [1]. While these projections are not based on current data, the growing interest in BDAG indicates strong confidence in the project’s long-term potential.

The convergence of strong presale performance, price action in Dogecoin, and strategic developments in Cardano highlights a broader trend of renewed optimism in the crypto market [1]. Investors are increasingly focused on projects that offer scalable infrastructure and clear value propositions, with BlockDAG emerging as one of the most promising candidates for future growth.

Source: [1] BlockDAG Surges Past $365.5M in Presale as Dogecoin Gains 1.35% & Cardano Soars on NIGHT Airdrop Excitement (https://coindoo.com/blockdag-surges-past-365-5m-in-presale-as-dogecoin-gains-1-35-cardano-soars-on-night-airdrop-excitement/)