Ethereum News Today: BlockDAG’s 200 ETH Giveaway Surpasses DOGE and Stellar Gains

BlockDAG’s strategic move with its 200 ETH giveaway has sparked significant buzz, outpacing recent surges in Dogecoin and Stellar. The giveaway, worth approximately $1 million, is part of a broader effort to attract participants and developers to its EVM-compatible testnet, which promises high transaction speeds, low fees, and scalability through a hybrid DAG–PoW framework. This initiative marks a pivotal step in BlockDAG’s presale, which is currently in Batch 29 at $0.0276, having already sold 24.7 billion tokens and raised $374 million [1].

Meanwhile, Dogecoin has seen a sharp price increase fueled by whale activity and the appearance of a Golden Cross—a technical indicator historically associated with bullish trends. The momentum has drawn retail traders back into the DOGE market, reinforcing its status as a popular speculative asset. However, its long-term sustainability remains tied to community enthusiasm rather than substantial technological development [1].

Stellar, on the other hand, continues to gain traction, supported by strong technical indicators such as a reverse head-and-shoulders setup and a bullish flag. Institutional interest and ongoing real-world use in cross-border settlements are bolstering confidence. However, elevated exchange holdings—reaching an all-time high of 1.03 billion coins—suggest that a large volume of XLM could be liquidated if prices rise, potentially curbing further momentum [1].

BlockDAG’s approach contrasts sharply with these short-term speculative dynamics. Its focus on EVM compatibility and blockchain infrastructure positions it as a viable alternative to congested platforms like Ethereum. The structured, milestone-driven rollout of its presale has not only attracted capital but also established credibility, particularly with early buyers in Batch 1 seeing returns of up to 2,660% [1].

By integrating smart contract functionality with a novel architecture that enhances scalability, BlockDAG is creating a compelling value proposition for developers and users alike. The project’s aggressive growth strategy, including the recent 10 BTC auction and now the 200 ETH giveaway, signals its intent to rapidly expand its user base and developer ecosystem [1].

While DOGE and XLM remain strong short-term plays, BlockDAG’s blend of innovation, scalability, and reward mechanisms positions it as a more sustainable contender for long-term growth. The project’s current phase offers an opportunity for early participants to benefit from its momentum while contributing to the development of a next-generation blockchain infrastructure [1].

Source: [1] BlockDAG’s ETH Giveaway Outshines DOGE and Stellar Gains (https://coinmarketcap.com/community/articles/68a13b1b28ccfb1d0ecb0a23/)