BlockDAG stands out among blockchain projects for its approach to fundraising and ecosystem development, indicating its potential for future growth in the market.
Funding Strategy
Unlike many projects, BlockDAG has raised over $377 million without relying on loud headlines and speculative cycles. With a presale target of $600 million, the project has already crossed the halfway mark. This achievement places it among the largest presales in the past seven years.
Ecosystem Development and Developer Engagement
BlockDAG has engaged over 4,500 developers and launched more than 300 dApps. Its hybrid consensus, combining Proof-of-Work and DAG, can handle up to 10 blocks per second, ensuring high throughput. The X1 mobile miner app has attracted 2.5 million users, making it one of the largest pre-mainnet communities.
Analysts' Evaluations and Future of BlockDAG
Independent analysts note that BlockDAG's growth is distinct from other projects. The presale batches sell out faster, and larger buyers are becoming more active. The project's approach resembles early Bitcoin, focusing on infrastructure and accumulation before public exposure. Some forecast that the price of BDAG could rise to $1 within 12-18 months post-listing.
BlockDAG demonstrates a promising strategy for building its ecosystem and securing users. Its success will depend on the ability to transform this foundation into a sustainable market presence.
