BlockDAG has attracted attention in the crypto market with successful fundraising and an increasing user base, targeting growth towards a $1 price point.
Fundraising and BlockDAG Users
The BlockDAG project raised $313.5 million in its presale, boasting over 200,000 unique BDAG token holders and 2 million users on the X1 app. It aims to enter the market at a price of $0.05.
Ecosystem Growth Strategy
BlockDAG is developing a hybrid DAG + PoW architecture capable of processing up to 15,000 transactions per second. Active work is underway on creating a low-code smart contract builder and a mobile app for gamified mining, contributing to a robust ecosystem.
Prospects of Reaching $1
To reach a price of $1, BlockDAG would need a market cap of around $50 billion. Given that only a fraction of the total supply will be in circulation at launch, continued growth in liquidity could see significant price increases.
BlockDAG is positioned as a project with long-term potential, focused on building a strong ecosystem and community. Analysts believe that with sustained engagement and relevance, the $1 price target is achievable.
