BlockDAG Network is a new cryptocurrency project that aims to merge the security of Proof-of-Work with the speed and scalability of Directed Acyclic Graph (DAG) architecture. Unlike traditional blockchains, BlockDAG’s structure allows multiple blocks to be added simultaneously, enabling parallel processing. The network targets a throughput of over 100 blocks per second and claims to be positioning itself as a next-generation Layer 1 protocol.
The BlockDAG Network coin, or BDAG token, powers the network. It has a maximum supply of 150 billion tokens, with 50 billion reportedly in circulation. The tokenomics rely on a broad distribution model supported by consumer-grade mining tools. These include a mobile app, Bluetooth-enabled devices, and an ASIC-powered rig. Together, these offerings aim to make mining more accessible and decentralized.
Despite the ambitious setup, BlockDAG’s token model has drawn scrutiny. The absence of a clear vesting schedule and the heavy allocation in early phases could lead to concentrated holdings. Additionally, there are concerns about similarities between BlockDAG’s whitepaper and that of Kaspa, a competing DAG-based project. Allegations of poor transparency and unresolved user issues have also surfaced.
None of these issues independently signals fraud, but they warrant attention. As the project moves toward its mainnet launch and broader adoption, traders may want to weigh the risks behind the promises.
Presale Momentum and Exchange Strategy Fuel Hype
BlockDAG’s presale has gained some traction, raising over $254 million as of May 19, 2025, according to a post by the project’s official X account. The BlockDAG Network coin presale price currently stands at $0.0020 per BDAG, fixed until the project’s June 13 “go-live” date. That launch event will include listings on 20 cryptocurrency exchanges—double the initial projection of 10.
So far, MEXC, LBANK, CoinStore, BitMart, and one undisclosed platform have been confirmed. The teams would reveal the remaining 15 listings at launch.
The aggressive expansion strategy signals BlockDAG Network’s ambition to establish liquidity across multiple venues from day one. The team has claimed to achieve back-to-back daily funding milestones, which could help reinforce investor confidence.
The BlockDAG Network team reported $238 million raised on May 12, $240 million on May 13, $250 million on May 16, and $251 million on May 17—underscoring a steady influx of capital.
To sustain momentum, BlockDAG has leaned heavily on incentive campaigns. The “Buyer Battles” competition rewards high-volume presale participants with BlockDAG Network coins, or BDAG tokens. The prize pool was recently expanded to 150 million BDAG, with the latest winners identified by wallet fragments 0x18fa, 0x38a3, and 0x8332.
Another promotion, “Double Your BDAG,” offered existing participants the ability to double token holdings at half cost. While its current status remains unconfirmed, the campaign reportedly drove a spike in activity between May 16 and May 19.
Though social media sentiment appears overwhelmingly positive, the promotional tone of updates and lack of critical discussion on official channels suggests investors should proceed cautiously. Whether this momentum will hold post-listing depends on the project’s ability to deliver beyond presale theatrics.
Unofficial BDAG Chart Reveals Early Resistance Ahead of Listings
Although BDAG remains in presale, a wrapped version trading on Uniswap has become a speculative proxy for price discovery. This BDAG/WETH pair is not tied to the official token launch but represents market sentiment ahead of the June 13 go-live event.
On May 19, the BlockDAG Network coin traded near $0.1205, retreating from an intraday high near $0.129. The move followed a steady uptrend through May, but recent candles show signs of hesitation near the 0.5 Fibonacci retracement level. The 0.5 Fib level at $0.1206 now acts as a near-term pivot.
If the pair breaks lower, support rests at the 0.382 level ($0.1082) and then the 0.236 level ($0.0972). Deeper corrections could revisit the breakout base near $0.087. Conversely, reclaiming the 0.618 level at $0.1331 would open up upside targets at $0.15 (Fib 0.786) and $0.1735 (Fib 1.0). Extended projections suggest speculative resistance near $0.22 and $0.24, but these remain theoretical until momentum returns.
RSI has cooled to 62, down from near-overbought levels earlier this week, suggesting waning bullish momentum. The BlockDAG Network coin volume also appears to be tapering.
While useful as a sentiment gauge, traders should treat this chart as indicative rather than definitive. The real test for the BlockDAG Network coin will come post-listing, when official tokens enter circulation and exchange depth is established.
