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Cryptocurrency News Articles
BlockDAG Charts a Different Course, Launching BlockDAG Academy and $30M Developer Grants
Mar 02, 2025 at 07:56 am
Crypto markets are known for their rapid shifts, and this week has seen Litecoin (LTC) closely approach the crucial $100 support level. At the same time, Chainlink’s price has weakened as whale activity diminished. However, while these projects are grappling with volatility, BlockDAG is charting a different course.
With a structured learning initiative, substantial developer grants, and a presale surpassing $199.7 million, BlockDAG is focused on fostering real adoption rather than reacting to market swings.
As Litecoin and Chainlink face immediate challenges, BlockDAG continues expanding its ecosystem, reinforcing its position as a project built for sustainability rather than short-term speculation.
BlockDAG Academy and Developer Grants Set the Stage for Ecosystem Growth
BlockDAG is expanding beyond just a blockchain network by introducing BlockDAG Academy, a three-tier education system designed to make blockchain knowledge more accessible.
Specifically, the academy will cover general crypto education, BlockDAG-specific learning, and hands-on developer training, ensuring that users of all levels—from beginners to advanced developers—can gain valuable skills.
Moreover, to support real-world application and growth, BlockDAG has also launched a $30 million grant program to fund promising projects and startups. This initiative not only encourages developers to build on the network but also provides grants ranging from $10,000 to $100,000 in BDAG and USDT. In addition, BlockDAG is teaming up with HackerEarth to host hackathons, allowing developers to showcase their talents and contribute to the ecosystem.
Meanwhile, the community will also have the chance to get directly involved through the upcoming Ambassador Program, which will feature three levels—Explorer, Advocate, and Champion—rewarding members based on their engagement and contributions.
At the same time, BlockDAG’s presale continues to see remarkable success, with $199.7 million raised, batch 27 currently priced at $0.0248, and an ROI of 2,340% since batch 1. So far, over 18.3 billion BDAG coins have been sold, reflecting strong buyer confidence.
With this level of backing and its focus on building a long-term ecosystem designed for both education and real-world blockchain application, BlockDAG is setting itself apart in an industry often characterized by short-term gains and market trends.
Chainlink’s Price Weakens as Whale Activity Declines
Chainlink (LINK) is struggling as whale activity dwindles, leading to a 7% price drop, testing the $16 support level. According to on-chain data, large transactions exceeding $100K have plummeted by $484 million in the past week.
Notably, high-value transfers dropped from 322 on February 18 to just 103, signaling reduced confidence among major buyers. As a result, LINK has weakened, despite Bitcoin’s attempt to stay above the $95.5K resistance.
However, with Bitcoin now falling below this level, it could amplify LINK’s bearish sentiment and increase the risk of further losses toward $14. Despite this, Chainlink’s long-term fundamentals remain strong, with growing adoption in DeFi protocols.
Moreover, development activity remains steady, suggesting continued network expansion. If LINK fails to hold the $16 support, analysts predict a potential drop toward $14, adding pressure on short-term traders.
Conversely, if buying pressure increases, LINK could recover to above $18. For now, buyers remain cautious as the market awaits further signals, with whale participation being a crucial factor in determining LINK’s next move.
Litecoin’s Descent: Approaching the Critical $100 Threshold
Litecoin (LTC) is currently trading at $110.87, reflecting a significant decline of $13.04 from the previous close. During this period, the intraday high reached $124.23, while the low touched $107.02.
Meanwhile, the cryptocurrency market has experienced substantial liquidations, with approximately $250 million wiped out in the past 24 hours.
As a result, this downturn has exerted considerable pressure on Litecoin, causing its value to approach the critical $100 support level.
According to analyst Ali Martinez, a bearish pattern has appeared in Litecoin’s daily chart, noting a double-top reversal near the $130 resistance. Following this, the price has descended to the midline support around $115.
If this support fails, the next target appears to be the lower boundary of the parallel channel, situated near $98.
Given these conditions, the recent sell-off has eroded bullish momentum, and the prevailing market sentiment suggests a potential retest of the sub-$100 zone.
Therefore, traders and buyers are advised to monitor these key levels closely, as a
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- With the Acquisition of 22,048 Bitcoin, Strategy (formally Microstrategy) Elevated Its Total Holdings to 528,185 BTC
- Apr 01, 2025 at 04:45 am
- Kicking off the week, Michael Saylor, Strategy's founder and executive chairman, announced the firm's acquisition of 22,048 BTC, propelling its total holdings to 528,185 BTC