Arbitrum

BlockDAG

when

Polygon

As Arbitrum prices dip and Polygon (MATIC) struggles with market setbacks, BlockDAG shines brightly in the crypto universe. Its newly launched X1 mining app is drawing crowds, with over 8,150 units sold, and its presale soaring to a remarkable $53.2 million, showcasing&nbsp;<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">BlockDAG’s</a> rising dominance in the field of cryptocurrency.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/06/24/1719234939.webp" width="800" height="450" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-arbitrum-s-market-correction-span">Arbitrum’s Market Correction</h2>
Arbitrum's price has fallen 3.85% this week, settling at $0.89 after a week-long downturn resulting in a 9.0% decrease from its previous $0.97. These shifts reflect ongoing market corrections, with Arbitrum’s trading volume decreasing by 10% and a slight 0.6% drop in its circulating supply to 2.90 billion, marking 28.96% of its total capacity. These figures highlight the fluctuating nature of the Arbitrum market, influenced by broader market conditions.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdv9YYyPh5qXusvencVMyFOWNDVWBM0n_ljoyU1cX-DQTi7GJkkYAiSbJaajR8GUkGUmnzXXT9vlFaf9Nq_2bx_cbVjonICeCzcCfcOUzHHN5KJ8cdjse5a9i1rdE7UBjo-zAj-B0dmggTIy5HP2AzEZJ3r?key=48re_WE39WcIiFK4_QEqOQ" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-polygon-s-challenging-market-trends-span">Polygon’s Challenging Market Trends</h2>
Polygon (MATIC) is currently navigating rough waters with a notable 11.43% drop in value this month, falling from $0.70 to $0.62. This decline is mirrored by an 8% dip in futures market inflows, indicating waning investor confidence. Despite a 200% surge in active addresses this year, weak technical support and a downward RSI of 36 suggest potential further drops. Analysts forecast MATIC might hit $0.5 by year-end, underlining persistent market uncertainty.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcCdGyZG6JJMeHze224kB9oiyRoURqV3dN5S6STC8lsov_v7x-Z-YfVj2q2h3tHx_5j_bPvk0EBsyprDNu5hUG8la0gS2l5Q8esOw7Zm88KhtGyIcQ-FEwfqmZobgjtO6GkmWRAUICB1MMocjWsNASfc1Ho?key=48re_WE39WcIiFK4_QEqOQ" width="602" height="481.2146353255137" style="display: block; margin-left: auto; margin-right: auto;">
<h2 dir="ltr" id="span-blockdag-a-leader-in-mobile-mining-innovation-span">BlockDAG: A Leader in Mobile Mining Innovation</h2>
BlockDAG’s introduction of the X1 mining app beta has redefined mobile mining. Compatible with Android and iOS, this app turns smartphones into efficient mining devices, courtesy of its energy-saving algorithm that optimizes battery use and data consumption. With the capacity to mine up to 20 BDAG coins daily, users can look forward to potentially earning $20 daily when BDAG hits $1 per coin as anticipated. The app’s referral program and daily rewards further enrich the user experience.
The foundation of BlockDAG’s technology rests on its DAGpaper, which employs Directed Acyclic Graphs (DAGs) and a novel Proof of Engagement (PoE) consensus mechanism, enabling users to mine crypto efficiently without straining their devices.
With groundbreaking technology and appealing mining solutions, BlockDAG has captivated a vast investor audience, reflected in its booming presale which raised over $53.2 million. This included selling 11.7 billion coins and 8,150 mining units through 18 batches, affirming BlockDAG’s position as a leading and fast-growing crypto entity.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfh8d7eqmsod7j-Wkr0OqIv9gFzWBM8H_Y1lM9hidUS_jFXtW-THaLZL_5BW8bNsRFZmaaQbp8wJMEdaNWmDtI991EmfUjFvG3Tvq_bK-YyQVnUICtfreOFIJ6Ti7R66PfgFzcUT-9DwM11QZ8-b7dNeh42?key=48re_WE39WcIiFK4_QEqOQ" width="602" height="339" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-concluding-thoughts-span">Concluding Thoughts</h2>
While Arbitrum and MATIC encounter market challenges, BlockDAG secures its place as a leading cryptocurrency, poised for significant expansion. With its innovative X1 mining app and a robust presale drawing over $53.2 million, BlockDAG presents a promising investment opportunity, especially during its ongoing presale phase.
<a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfpjtXO3fwfOOqyG_NGPZOv7W7QWo7cw6Cpp8jrKogXW4PdMJuFff-9gkTZSKCPMYyYZAyqfxriULa1LlGSRddcVMASOgrprErNiKZ10D0QyZcSsMiY4OeMCHlUVJt5FftGBOV8bDquRhgoFOSM_ZnZStQ?key=48re_WE39WcIiFK4_QEqOQ" width="602" height="75" style="display: block; margin-left: auto; margin-right: auto;"></a>
Invest in the BlockDAG Presale Now:
Presale: <a href="https://purchase.blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://purchase.blockdag.network</a>
Website: <a href="https://blockdag.network/" target="_blank" rel="noopener noreferrer nofollow">https://blockdag.network</a>
Telegram: <a href="https://t.me/blockDAGnetwork" target="_blank" rel="noopener noreferrer nofollow">https://t.me/blockDAGnetwork</a>
Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank" rel="noopener noreferrer nofollow">https://discord.gg/Q7BxghMVyu</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-miners-flock-to-blockdag-s-x1-beta-app-over-8-150-units-snapped-up-amid-matic-arbitrum-market-turbulence-tbt94296.html">https://thebittimes.com/crypto-miners-flock-to-blockdag-s-x1-beta-app-over-8-150-units-snapped-up-amid-matic-arbitrum-market-turbulence-tbt94296.html</a>

Crypto Miners Flock to BlockDAG's X1 Beta App: Over 8,150 Units Snapped Up Amid MATIC & Arbitrum Market Turbulence

Table of Contents

TheBitTimes

Other articles published on Jun 25, 2024

Solana-focused Colosseum raises $60 million to support hackathon teams

Mt. Gox to Begin Repaying Defunct Users in Bitcoin and Bitcoin Cash Starting July 2024

Analysts Battle Over Cardano’s Next Move: 12,000% Rally Or 50% Crash?

CBUAE Issues Sandbox Regulation to Attract Startups and Foster Innovation

MoonBag Crypto Climbs to $2.9M in a Month and Becomes a Better Investment than Dogecoin and Binance!

SEC Chairman Updates Ethereum ETF Progress

Join our free newsletter for daily crypto updates!