BlockDAG (BDAG) Pre-Sale Raises $214M, New $60,000 Reward Campaign Promises Mainnet Dominance

Ethereum’s price has stabilized after a turbulent few weeks, rekindling optimism among long-term holders and analysts. Hyperliquid, a rising DeFi-focused token, is beginning to gain serious market attention as it nears key resistance levels.

The cryptocurrency market continues to show signs of recovery as Ethereum stabilizes above a key support level. Meanwhile, Hyperliquid, a rising DeFi token, is nearing a critical resistance zone that could unlock further gains. However, all eyes remain on BlockDAG, which is making headlines with its $214 million presale and a new $60,000 reward program for the live Beta Testnet.

Ethereum (ETH) Stabilizes Above Key Support at $1,649

Ethereum, the world’s second-largest cryptocurrency, is currently trading around $1,649.81. The price action reflects a recovery from a recent low near $1,200, which was triggered largely by whale sell-offs and ETF-related outflows.

According to TheCoinRepublic, analysts believe that Ethereum may have averted a broader downturn, citing key technical signals that suggest a long-term bottom may have formed.

On-chain data from Glassnode shows that the RSI has moved out of oversold territory, while on-chain data from CryptoQuant indicates a return of bullish momentum. However, resistance at the $1,700 mark remains critical. For Ethereum to extend this rally, it will need to break and hold above that level with strong trading volume.

Market participants will also be keeping an eye on developments around ETF inflows and network upgrades, both of which could serve as catalysts in the weeks ahead.

Hyperliquid (HYPE) Eyes $16 Resistance Amid Growing Attention

Hyperliquid, the native token of the decentralized exchange by the same name, is beginning to gain serious market attention.

After its recent upward momentum, HYPE now finds itself testing the $16 resistance zone. This is a crucial level that, if breached, could signal the beginning of a much broader breakout. Analysts from AMBCrypto noted the token’s high relative volume and favorable market structure as indicators of continued bullish potential.

The project’s appeal lies in its focus on fast, user-friendly perpetual trading, an increasingly important niche in the DeFi space. With the wider market showing signs of recovery, Hyperliquid is well-positioned to attract more retail and institutional capital.

While not yet among the top-tier tokens, Hyperliquid’s performance this quarter has already caught the attention of several high-profile traders and analysts, placing it firmly on the radar of altcoin watchers.

BlockDAG: $60K Reward Blitz and $214M Raised in Presale

Even as Ethereum holds steady and newer names like Hyperliquid rise, BlockDAG is setting an entirely different tone—one of momentum, milestones, and bold moves.

The presale has now raised a staggering $214 million, all without relying on traditional venture capital. But what’s truly electrifying the market right now is the announcement of a $60,000 reward program tied to its live Beta Testnet.

As confirmed in the project’s 3rd keynote, BlockDAG will reward the top 10 most active wallets, the top 10 miners, and the main Chain on the testnet with $2,000 each in real BDAG coins.

This follows the recent news of 110,000 investors registering for the presale and thousands of testnet tokens being distributed through vesting.

With the Beta Testnet now live and mainnet activation on the horizon, participation is expected to surge in the coming months.

The initiative is part of a broader strategy to build activity and community loyalty ahead of mainnet.

“This isn’t just capital—it’s fuel for innovation, expansion, and the next evolution of blockchain technology,” added CEO Antony Turner.

That evolution is powered by BlockDAG’s hybrid consensus model that fuses DAG-based architecture with Proof-of-Work for security.

“With our parallel processing, multiple blocks are confirmed simultaneously,” explained CTO Jeremy Harkness, adding that this enables the network to eventually scale to 15,000 transactions per second.

The tech is supported by a gamified onboarding process (via the X1 and Tap Miner apps), a growing developer ecosystem with grants and hackathons, and an educational initiative in the form of BlockDAG Academy.

Combined, these initiatives signal a level of coordination and execution that’s rarely seen in presale-stage projects.

Final Thought: The Crypto to Watch Heading into 2025

Ethereum’s price stabilization and Hyperliquid’s rising traction both suggest a market slowly regaining its footing.

But if there’s one project actively setting the agenda rather than reacting to it, it’s BlockDAG.

With over $214 million raised, a live testnet offering real rewards, and a roadmap pointing directly toward mainnet and governance activation, BlockDAG is taking all the right steps to become 2025’s most valuable layer 1 asset.

Its $60K test