BlockDAG raises $2M in 24-hour presale amid Chainlink institutional growth

The BlockDAG presale reportedly raised $2 million within a 24-hour period. This funding event occurs as the broader cryptocurrency market remains in a sideways trading range, with Bitcoin fluctuating between $63,000 and $65,000.

Chainlink (LINK) is seeing upward price movement supported by institutional interest. Standard Chartered has issued a report setting a $200 price target for the token by 2030, citing its role in the real-world asset tokenization sector, which is projected to reach $4 trillion by 2028. Additionally, LBank has integrated Chainlink Data Streams to support market predictions. Despite this institutional backing, LINK has experienced a period of limited fresh retail inflows.

In contrast, Polkadot has faced challenges in attracting new investor funding despite its established network infrastructure and recent adjustments to supply rewards.