Over 100,000 individuals now using BlockDAG X1 application
BlockDAG, a revolutionary cryptocurrency project, is making waves in the crypto world with its scalable and accessible platform. The project's flagship offering, the X1 Miner app, has gained significant traction, attracting over 2.5 million active users who mine BDAG tokens directly via their smartphones.
This accessibility has expanded BlockDAG's global user base and decentralization, particularly benefiting developing markets by lowering entry barriers to crypto mining. The project's presale, which is still ongoing, has raised approximately $65.9 million, emphasizing its broad market appeal.
The X1 Miner App: A Game Changer
The X1 app is integral to BlockDAG's strategy, offering features like a real-time user dashboard, a learning hub (BlockDAG Academy), referral commissions, and gamified elements such as Buyer Battles. Each smartphone converted into a mining unit produces approximately 20 BDAG coins daily, equivalent to about $1.
BlockDAG's hybrid DAG-PoW consensus mechanism, combined with a transactional capacity of 10 TPS, aims to position the platform as a promising Layer 1 blockchain contender in 2025.
A Promising Future Ahead
Under the leadership of CEO Antony Turner, the emphasis is on building an accessible and practical blockchain ecosystem. Ongoing development includes mainnet launch plans, an EVM-compatible testnet, and developer-focused initiatives to enhance adoption.
Given its rapid growth in user base, comprehensive ecosystem tools, and strong pre-mainnet infrastructure, BlockDAG presents itself as a prime candidate for a major crypto acquisition in 2024. However, it's important to note that while its foundations appear robust, some analysts caution that parts of the current ecosystem primarily drive presale momentum rather than long-term utility.
Expert Forecasts and Cautions
Expert forecasts for BDAG to reach $1 place it alongside notable successes like Dogecoin, Bitcoin, and Kaspa. However, potential acquirers should consider ongoing execution and development progress.
It's essential to remember that this sponsored content is not a part of the brand's editorial views and should not be considered as investment advice. Due diligence is advised before making any decisions. Since its inception, BDAG's value has surged 1600%, with projections pointing to a 4900% increase by the end.
However, other cryptocurrencies like Polkadot (DOT) and Hedera have seen a downturn. Polkadot experienced a 12% decline in July, with a 75% drop in first-time transactions in wallets and a 21% fall in activity on parachain platforms. Hedera's price fell by 10.5% in the past fortnight, trading at $0.0677, after breaching the $0.09 support and tumbling over 25%.
In contrast, BlockDAG has surpassed industry giants with its long-term appeal, becoming a magnet for inflows while major coins saw outflows. The number of DOT addresses engaging on the Relay Chain reached 170,111, the smallest number since January 2024. Despite the downturn, DOT's 24-hour holder count peaked at 1,354,554, and 74% of investors hold long-term positions.
BlockDAG's network features mineability and a transaction capacity of 15,000 TPS, positioning it as the most sophisticated proof-of-work blockchain globally. Participation in the BlockDAG presale is encouraged, with potential for substantial returns and sustained success.
Interested parties can visit the BlockDAG website for more information and purchase links.
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