Skip to content

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please click here.

BlockDAG’s X1 Miner App Hits the App Store Causing Frenzy, Presale Soars to $58.5M; Bitcoin Cash & BNB Lose Investor Interest

Press Releases

The cryptocurrency arena is bustling: Bitcoin Cash grapples with liquidity issues, BNB’s pricing sees erratic swings, and BlockDAG’s X1 Miner App, now live on the App Store, is setting new standards for mobile mining efficiency. The X1 Miner App equips smartphones with the capability to mine BDAG coins using a power-efficient algorithm, specifically tailored for iOS users via TestFlight. The impressive presale of the app has reached $58.5 million, highlighting its growing impact on the market.

This analysis will delve into the market challenges impacting Bitcoin Cash, scrutinize BNB’s volatile price movements, and showcase how BlockDAG’s app is reshaping mobile cryptocurrency mining. Each section will provide insights into the forces and opportunities sculpting the crypto landscape for 2024.

Bitcoin Cash Struggles with Liquidity Crunch

The liquidity crunch has hit Bitcoin Cash hard, intensifying sell-offs on central exchanges, further exacerbated by the recent downfall of entities like FTX and Alameda Research. Market analysts at Paris-based Kaiko have noted a marked decrease in trading ease, with slippage rates on platforms such as Bybit and Itbit escalating to 3.5%.

While Bitcoin faces selling pressures, analysts have observed investors seizing opportunities, highlighted by CoinShares’ report of a hefty $441 million inflow into digital assets last week. U.S. Bitcoin ETFs also experienced significant capital inflows, indicating sustained investor interest despite market instabilities.

BNB Experiences Price Instability and Trading Resistance

On July 8, BNB’s valuation dipped below the $495 support level, yet bulls managed to hold at $460. The BNB/USDT pairing is poised to test the 20-day EMA at $548, which is expected to act as a strong resistance point. If it reverses from this level, the price might be driven below $460.

However, overcoming the 20-day EMA could signal the end of the correction period, potentially pushing the value towards the 50-day SMA at $593, and later encountering a major hurdle at $635.

Seamless Mobile Mining with BlockDAG’s X1 Miner App

BlockDAG’s X1 Miner App transforms your smartphone into an efficient BDAG coin mining device via a cloud-based platform that conserves both battery and data. The app includes a unique referral program that speeds up mining operations when new users are brought on board.

Regular users can enhance their mining rate by activating the lightning button once every 24 hours. The app introduces a tiered ranking system that offers additional benefits as users progress, enhancing the overall mining experience. The dashboard displays detailed mining stats and earnings, with a leaderboard that ranks the top 50 investors, fostering a competitive and investment-focused environment.

The platform categorizes investors from the entry-level, known as Crab (investments between $0 – $99), to the highest level, known as Whale (investments over $50,000). BlockDAG’s presale journey began with the first batch priced at $0.001 per BDAG coin, escalating to Batch 20 at $0.015 per coin, reflecting a 1400% growth. To date, the presale has garnered over $58.5 million, with more than 9,168 miners sold, establishing BlockDAG as a premier and profitable crypto investment.

BlockDAG Paves the Path Forward

As Bitcoin Cash wrestles with liquidity issues and BNB navigates crucial price shifts, BlockDAG is advancing significantly with its trailblazing X1 Miner App. This application is revolutionizing crypto mining through its effectiveness and ease of use, demonstrating BlockDAG’s commitment to making digital currencies widely accessible.

With a thriving $58.5 million presale and more than 9,168 miners sold, BlockDAG presents a compelling investment prospect. As the crypto market progresses in 2024, these developments offer essential insights. Explore the X1 Miner App and consider joining BlockDAG’s rapidly expanding community.

Invest in the BlockDAG Presale Now:

WebsitePresaleTelegramDiscord

Disclaimer

This post is sponsored. Finbold neither endorses nor takes responsibility for the accuracy, quality, advertising, products, or other materials on this page. Readers are strongly encouraged to perform their own research before making any decisions regarding the company. Finbold will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on the page. If you encounter any issues, kindly report them to [email protected].

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.