Layer 1 BlockDAG surges to $47M in presale, surpassing DOT and Monero
While Polkadot (DOT) is attracting investors with its promising technological prospects and Monero is showing modest progress, BlockDAG is garnering international attention through aggressive marketing efforts.
These impactful promotions at prominent events around the world, from Tokyo to Las Vegas to London, have skyrocketed BlockDAG's presale to a staggering $47 million, cementing the company as a major player in the Layer-1 blockchain market and sending the crypto community buzzing with excitement. Block DAG We will be preparing the beta release of the X1 Mining App within the next 24 hours.
Polkadot faces optimism and challenges
Polkadot has been catching the attention of investors and analysts due to its upward momentum. Analysts such as Crypto Yapper predict that DOT price could reach $10, supported by solid technical indicators and a positive market outlook. DOT recently ended a consolidation phase and is now testing previous resistance levels as current support.
However, this promising trend is facing intense scrutiny regarding its sustainability. While staying above the 200-day simple moving average usually indicates a long-term bullish trend, failure to sustain this level could disrupt the positive outlook and lead to a price pullback.
Monero posts slight gains amid market decline
According to CoinMarketCap, Monero is trading around $150, up a modest 2.77% from the previous day amid an overall market downturn. Monero has largely avoided the heavy losses that have hit other cryptocurrencies this year, but is still down a modest 5.11% since the start of 2024. With the overall crypto market recently down 0.23%, Monero's slight gains suggest it is somewhat insulated from broader market movements, signaling steady, yet conservative, growth.
BlockDAG Plans Global Release of X1 Beta App
Starting with a much-anticipated keynote video at Tokyo's Shibuya Scramble Crossing, BlockDAG generated significant awareness for its presale with strategic promotional activities. This exposure highlighted BlockDAG's integration with DeFi platforms such as Bitget and CoinEx, as well as its user-friendly ASIC mining hardware for both mobile and desktop.
The campaign then moved to the Las Vegas Sphere to launch BlockDAG’s DAGpaper and concluded with a CoinMarketCap listing celebration in London’s Piccadilly Circus, all of which boosted investor confidence and excitement for the bold $100M liquidity strategy.
BlockDAG is about to release the beta version of its X1 Miner app, which will soon be available on the Play Store and App Store for Android and Apple devices. The app facilitates efficient BDAG coin mining through a power-efficient algorithm that conserves both battery and data.
Designed with ease of use in mind, the app includes a referral system to increase mining rates, daily engagement rewards, and will soon add new features such as a wallet, send and receive functionality, leaderboards, and a community section. Users can mine up to 20 BDAG coins per day for an estimated $1 to start.
Conclusion insight
With DOT price targets capturing investor and analyst interest and Monero seeing limited growth, BlockDAG has differentiated itself with aggressive global marketing, rapidly driving its presale to $47 million. With the beta release of the X1 mining app imminent, BlockDAG is poised to establish itself as the leading cryptocurrency in the Layer 1 blockchain space.
Join the BlockDAG presale now:
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