Layer 1 Crypto Raises $210M: BlockDAG Presale Shatters Records Following Keynote 3, as ZEC Recovers & ENA Grabs Attention
Zcash is regaining prominence as privacy becomes increasingly critical in the crypto sector. Its recovery to $33 and forecast of $39.66 by April signal a resurgence, though it’s a gradual process dependent on market sentiment and broader adoption. Meanwhile, Ethena’s ENA token is drawing immediate attention due to a looming $3.29 billion token unlock, presenting a unique window for market volatility. With 51% of the supply still under lock and 25% held by early backers, the impact on its price could go either way.
While ZEC is regaining its position and ENA captures momentary interest, BlockDAG (BDAG) is fulfilling its foundational promises. Keynote 3 showcased a testnet with over 1.2 million transactions and 100+ nodes. BlockDAG is not just following trends—it’s building out its ecosystem with token tools, NFTs, initial dApps, and a robust community of over 1.2 million users. The project has gathered $210 million, sold 19 billion coins, and is gearing up for launch on 10 different exchanges.
Zcash (ZEC) Poised for 2025 Recovery—A Privacy Pioneer Worth Watching?
Zcash, historically a front-runner among privacy-focused cryptocurrencies, is catching the market’s eye as its price climbs from recent lows, currently around $33, with recent activity hinting at a potential market turnaround.
Forecasts predict a rise to $39.66 by April, with expectations for 2025 varying from $30 to $73, and some speculating it could reach as high as $183 by 2030. Zcash stands out for its rigorous privacy, employing zero-knowledge proofs to ensure complete anonymity in transactions.
As the crypto market heats up and privacy gains more focus, ZEC may offer considerable potential for enduring relevance. However, like all cryptocurrencies, it involves risks. Should new collaborations or updates emerge, ZEC might be poised for a significant rally.
$3.29B ENA Token Unlock Looms—Prices Up 5% Before Key Release
Ethena’s ENA token is in the spotlight as nearly 7.93 million ENA, valued at $3.29 billion, are about to be unlocked. The market has reacted with a 5% increase in ENA’s price to $0.417 and a spike in trading volume of over 17%.
Today’s unlock is relatively modest, but the impending cliff unlock of over 7.7 billion tokens, representing 51.32% of the total supply, is keenly anticipated and could significantly alter supply dynamics.
ENA is held 25% by early backers, with 30% allocated to the team and advisors. Ethena’s synthetic dollar protocol, featuring its “Internet Bond,” aims to integrate conventional savings mechanisms into the crypto space.
The main question now is whether this unlock will prompt a sell-off or bolster confidence among market participants. For those looking to leverage market volatility, this could be a crucial moment. Keep an eye on ENA as it approaches a highly anticipated period.
BlockDAG’s 2025 Surge: Keynote 3 Ignites Buzz
BlockDAG’s Keynote 3 presentation demonstrated that it’s more than a mere crypto endeavor. It’s swiftly emerging as the leading Layer 1 choice, with its Beta Testnet V1 launch providing solid evidence. The testnet is operational, boasting over 1.2 million transactions and more than 100 community nodes worldwide.
Included are advanced block explorer capabilities, along with tools for creating tokens and NFTs, plus early-stage dApps for user trials—highlighting BlockDAG’s progress ahead of its timeline. While others are still drafting whitepapers, BlockDAG is already delivering tangible technology.
This progress is evident in the presale success, currently in its 27th batch, priced at $0.0248, having accumulated over $210 million with 19 billion BDAG coins distributed. With the mainnet on the horizon and plans to debut on over 10 exchanges, early participants are gearing up for significant future value.
Should BDAG reach $1, the potential growth from the current price could be substantial. With a live testnet, ongoing app development, and growing momentum, delaying could mean missing out on early and affordable access to BDAG. April might represent the final opportunity to get in at such an early stage.
Key Developments and Risks
While Zcash may be poised for a resurgence, its success is heavily dependent on the market’s demand for privacy and incremental improvements within its ecosystem. Ethena’s ENA token is generating buzz, but this excitement is largely driven by the uncertainties surrounding a significant token unlock. While volatility might create opportunities, it equally introduces substantial risks.
BlockDAG differentiates itself with a focus on delivery rather than promises. The Beta Testnet is not just a plan; it’s already active. Features such as a block explorer, tools for creating tokens and NFTs, and the integration of dApps are not merely theoretical—they are operational and verifiable. Keynote 3 didn’t just preview future possibilities; it detailed existing advancements and plans for expansion.
The presale’s momentum is a testament to this transparency. With BDAG now at $0.0248 in its 27th batch and aiming for a $1 valuation, the potential for a more than 40-fold increase is evident. Supported by $210 million in crypto presale and 19 billion coins sold, BlockDAG is rapidly advancing towards its mainnet launch with strategic focus and speed.
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