Bitcoin Nears $90K, BlockDAG’s Keynote 3 Sparks $208M Boost

Top Bullish Cryptos: Bitcoin Nears $90K as Market Soars, & BlockDAG Ignites Excitement with Keynote 3

As Bitcoin marches towards the $90,000 mark, capturing the attention of the market, BlockDAG is quietly making waves. This promising Layer-1 blockchain initiative has recently unveiled Keynote 3, its most impactful update yet, which has sparked widespread enthusiasm and accelerated adoption. The update includes a functioning beta testnet, comprehensive support for developers globally, a dedicated academy for tech creators, and a clear path to mainnet launch, progressing quicker than anticipated.

Remarkably, BlockDAG (BDAG) has already secured over $208 million from its presale and is on track to reach a $600 million goal before its official launch. As Bitcoin benefits from positive market sentiment, BlockDAG is driving growth with its robust product offerings, scalable solutions, and strong infrastructure, capturing the interest of users and developers alike. This is more than just fueling market optimism; it’s shaping the future of blockchain adoption.

Bitcoin Aims for $90K Amid Rising Technical Indicators

Bitcoin’s recovery has been remarkable, rebounding from the $85,000 support and breaking out from an ascending triangle pattern, pushing it towards significant resistance levels. Analysts are watching the $90,000 zone closely, considering it a critical point for the cryptocurrency’s next potential rally.

Despite the promising price movement, trading volumes are still playing catch-up, suggesting some market caution. The Relative Strength Index is at 53.78, indicating potential for further gains before reaching overbought territory. With solid institutional interest and sustained network activity as reflected in transaction fees, the fundamentals are robust.

While Bitcoin’s rise is noteworthy, it predominantly focuses on its price. In contrast, BlockDAG introduces fresh innovations into the market dialogue, positioning itself as a catalyst in the evolving blockchain domain.

BlockDAG’s Recent Developments Mark a Major Leap Toward $600M Goal

Keynote 3 marked a significant milestone for BlockDAG. CEO Antony Turner highlighted the remarkable growth of the project: a community of 170,000 holders, over 750,000 users of the X1 miner app, and more than $208 million secured through presales.

Turner shared the team’s next objective: reaching a $600 million presale milestone. Differing from many presale-backed projects, BlockDAG is already achieving results. The strategies laid out during Keynote 3 are in motion, supported by a vibrant user community. Each element of the platform contributes to the impending launch of the mainnet scheduled for later this year.

BlockDAG’s Beta Testnet Activates Globally with Tangible Rewards

After a successful alpha phase in 2024, the beta testnet of BlockDAG has launched, featuring enhanced capabilities. The alpha phase saw 1.2 million transactions processed over 100+ nodes. The improved beta version offers increased processing speed, a new explorer, tools for token and NFT creation, and a variety of dApps to engage users.

To engage users in the launch, BlockDAG distributed 10,000 testnet tokens to verified holders, with distribution over four weeks through a functioning smart contract. Furthermore, the top 30 active wallets will receive $2,000 each in tokens, amounting to $60,000 in rewards.

“Every current BlockDAG holder will be allocated testnet BDAGS,” Turner stated. “We’re also providing incentives to encourage your participation.”

This testnet engagement is purposeful—it’s demonstrating that BlockDAG’s infrastructure is prepared for real-world implementation.

Supporting Developers and Innovators with Grants and Hackathons

BlockDAG is proactively supporting developers through a comprehensive grants program unveiled at Keynote 3. This initiative funds a broad spectrum of projects, from DeFi applications to infrastructure tools and NFT platforms, welcoming individuals and teams alike.

In addition, BlockDAG has initiated a global hackathon series, providing up to $100,000 per event, complete with mentorship, workshops, and visibility for the winners. These hackathons focus on real product development, anticipating the mainnet release.

The BlockDAG Academy also launched, offering courses across beginner, intermediate, and advanced levels. Led by Professor Maurice Herlihy, the academy aims to provide practical blockchain knowledge, including lessons on DeFi, smart contract audits, and governance.

Anticipating the Launch of Mainnet

BlockDAG is not merely announcing its mainnet as a future objective but actively working towards it. The keynote detailed how each component, from the testnet to miner infrastructure and security audits, is being refined for a synchronized launch.

The team has committed to achieving 2,000 transactions per second at launch, with goals to expand capacity to 15,000 transactions per second within two years. These targets are supported by a unique hybrid architecture that merges DAG with proof-of-work, enabling concurrent block validation while ensuring security.

Concluding Observations

While Bitcoin approaches the $90,000 mark, rejuvenating the broader crypto market, BlockDAG is setting the stage for what’s next. With substantial funds already raised, an operational testnet that rewards its community, a thriving development ecosystem, and a mainnet launch in sight, BlockDAG is not just keeping pace with market trends—it’s at the forefront of defining them.