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During a challenging week in the crypto sphere, Polkadot (DOT) witnessed a decline in wallet activity, and Hedera (HBAR) experienced a dip in price. While major coins saw outflows, BlockDAG became a magnet for inflows, surpassing industry giants with its long-term appeal. Its mineable X1 Miner app has captivated the community, transforming smartphones into mining units with a yield of 20 BDAG coins daily, equivalent to $1. The app’s success propelled the BlockDAG presale to 100k users, a milestone unmatched by even the most seasoned networks. The X1 app’s triumph underscores BlockDAG’s significant potential as the prime crypto acquisition for 2024.
Polkadot (DOT) Witnesses a Downturn
Polkadot (DOT) recorded a 12% decline in July, lagging while Bitcoin climbed by 8% and Ethereum decreased by 2%. User interactions on the network plummeted, with a mere 170,111 addresses engaging on the Relay Chain, the smallest number since January 2024. First-time transactions in wallets dropped 75% from the high in March, and activity on parachain platforms fell 21%.
Yet, despite this downward trend, some investors maintain a positive outlook. DOT’s 24-hour holder count peaked at 1,354,554, and the investment sentiment, with 74% leaning towards long-term positions, mirrors confidence despite prevailing uncertainties.
Hedera’s (HBAR) Downward Price Adjustment
Hedera’s (HBAR) price fell by 10.5% in the past fortnight, despite key partnerships with Blade Wallet and Karate Combat, which collectively brought in 400,000 new accounts in a week. Blade Wallet focuses on easing the launch of wallets and apps, whereas Karate Combat utilizes Hedera’s technology for consumer product development.
Trading at $0.0677, HBAR has sharply retreated from its annual high of $0.1308. After breaching the $0.09 support, HBAR tumbled over 25%. Nevertheless, a recent surge from the $0.06 support sparked a 20% recovery in four days, though the 50-day EMA poses a challenge.
BlockDAG: Premier Crypto Option for 2024
BlockDAG is reshaping the crypto landscape with its mining capabilities, led by the pioneering X1 Miner app. This innovative app has won accolades from experts and novices alike for its capacity to convert smartphones into crypto miners. It produces approximately 20 BDAG coins daily, which at launch equates to about $1 daily. With the X1 app, BlockDAG’s presale now boasts 100,000 participants—a testament to its overwhelming potential.
Currently, during its 21st batch, the presale prices BDAG at $0.017, aiming for $0.05 by the 45th batch. Since its inception, BDAG’s value has surged 1600%, with projections pointing to a 4900% increase by the end. The presale has amassed over $65.9 million, emphasizing the project’s broad market appeal.
The network’s standout features like mineability and a transaction capacity of 15,000 TPS position BlockDAG as the most sophisticated proof-of-work blockchain globally. This scalability cements BlockDAG’s status as the optimal crypto purchase for 2024, promising extraordinary long-term profitability.
With a $1 price target starting from a $0.05 launch price, expert forecasts for BDAG to reach $1 place it alongside notable successes like Dogecoin, Bitcoin, and Kaspa. This potential for high returns establishes BlockDAG as the supreme crypto option, offering unrivaled growth and lucrative opportunities for its backers.
Final Thoughts
In a week marked by significant market swings, including Polkadot’s (DOT) bearish phase and Hedera’s (HBAR) price reductions, BlockDAG distinguishes itself with its robust presale achievements and solid project fundamentals. The X1 Miner app’s ability to convert smartphones into mining devices, each yielding 20 BDAG coins daily, has fueled the presale’s reach to 100,000 users—an achievement unmet by established networks. With its dynamic growth and innovative attributes, BlockDAG stands out as the foremost crypto to secure in 2024, ensuring sustained success and substantial returns.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This sponsored content is not a part of NFTgators’ editorial views and is not an investment advice. Do your due diligence before making any decision.