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BlockDAG soars into the cryptocurrency sphere, overtaking Bitcoin Cash and Cronos

Published

7 months ago

22 June, 2024

DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Do not invest unless you are willing to lose your entire investment. For a full disclaimer, please.

In a surprising pre-sale blitz, BlockDAG‘s valuation rose to $0.0122 per coin on its 18th issue, realizing a monumental increase of 1120%. This surge was driven by the endorsement of a major influencer and the introduction of cryptocurrency mining app X1, which has amassed a formidable $52.7 million and distributed over 11.7 billion BDAG coins. Meanwhile, Bitcoin Cash crashed, hitting a 25-day low, while Cronos encountered strong market resistance.

Bitcoin Cash at a crossroads

Bitcoin Cash recently fell to a 25-day low of $447, sparking discussions among traders about its potential as a trap or a turning point. This 16.81% drop from $520, triggered by market volatility following the US employment data, casts doubt on its rebound capabilities. Historical data shows that such lows often attract astute investors, but BCH needs to clear the $512 resistance to avoid further setbacks.

Kronos’s rise to new heights

Cronos recently recovered from the $0.062 level, breaking above $0.070 and consolidating its position above the 100 hourly simple moving average. Its rise, highlighted by the overcoming of the $0.065 resistance, signals a bullish trend. Immediate barriers lie at $0.074, with significant resistance at $0.080 and $0.094. If Cronos fails to break above them, a return to the $0.065 support is possible, despite positive indicators such as MACD and RSI pointing upwards.

BlockDAG’s triumph through influencer advocacy and technological innovation

BlockDAG’s technological and financial advances have been revolutionary. A pre-sale raising of $52.7 million and the acquisition of over 11.7 billion BDAG coins reflect the attention of the cryptocurrency world. This 1120% increase to $0.0122 per coin in Batch 18 is largely due to influential sponsorships and the strategic launch of the X1 mining app, which revolutionizes cryptocurrency mining on mobile platforms with efficient and energy-efficient methods .

BlockDAG also stands out for having earned acclaim from prestigious financial outlets such as Forbes and Bloomberg, which further solidifies its credibility. During its second Keynote, BlockDAG introduced over 54 development improvements, aimed at improving user interface and operational efficiency. The implementation of DAG technology notably increases scalability by enabling simultaneous transaction confirmations, thus setting a new benchmark for transaction speed and reliability in blockchain technology.

BlockDAG: Moving forward with robust growth

While Bitcoin Cash struggles with a decline and Cronos struggles with resistance levels, BlockDAG’s robust growth, fueled by influencer support and innovative strategies, shines conspicuously. Its successful pre-sale, extensive media coverage and pioneering X1 Miner app position it as a leading choice for investors seeking progressive and profitable crypto opportunities.