X1 Miner App By BlockDAG Hits $53M Presale Amid DOGE Liquidation And BONK Decline

Crypto Market Update

The wider cryptocurrency market is experiencing sell-offs, with Dogecoin (DOGE) futures recently facing $60 million in liquidated long trades. Similarly, the Bonk price has declined by 19% over the past week.

BlockDAG: A Rising Star

In contrast to the broader market downturn, BlockDAG (BDAG) has been making significant progress. Its Keynote 1 launch at Tokyo's Shibuya Crossing and the X1 mobile mining app have significantly boosted its visibility, resulting in over $53M in presale funds. BDAG's low-code, no-code platform empowers users to create utility tokens, meme coins, and NFTs, positioning it as a potential market leader.

Bonk Price Fluctuations

Bonk (BONK), an early Solana memecoin, witnessed a decline in enthusiasm prior to its 2023 comeback. Despite a 7.5% increase over the past month, BONK's price has dropped by 19% in one week, contributing to a 4% overall decline as the crypto market shed nearly 1%.

BONK has demonstrated resilience and growth potential throughout the year. The memecoin's resilience is evident in its 2022 airdrop to the Solana community, which aims to restore liquidity to the network. With a current trading volume of $300 million and the potential for market recovery, BONK could potentially rise to $0.000030 in the coming weeks and reach $0.00005 by year-end.

Dogecoin Futures Losses

Over the past 24 hours, over $400 million in crypto longs have been liquidated, with Dogecoin futures incurring $60 million in long trade liquidations as DOGE prices fell by more than 10%. These liquidations surpassed those for Bitcoin (BTC) futures, which lost $47 million.

The CoinDesk 20 Index has declined by 3.4%, reflecting the broader market sell-off and bearish sentiment. Dogecoin futures faced their highest liquidation activity since May 2021, with Huobi alone experiencing $44 million in liquidations. Profit-taking and the strength of the dollar have contributed to the market sell-offs, leading to significant losses in Dogecoin futures.

BlockDAG's Mobile Mining Revolution

BlockDAG's X1 app transforms mobile mining by turning smartphones into efficient mining devices. Available on Android and Apple platforms, the app features an energy-saving algorithm that conserves battery and data, ensuring optimal mining performance.

Users can earn up to 20 BDAG per day, with each coin valued at $0.05 at the launch price. As the coin's value increases, so do the potential earnings: at $1, daily earnings could reach $20, and at $10, users could earn an impressive $200 per day. The app also includes a referral system and daily engagement incentives, further enhancing accessibility and rewards for users. It stands out as one of the most promising crypto-mining apps available.

BlockDAG's global ambitions were showcased by the display of its keynote video at Tokyo's Shibuya Crossing, highlighting its project and collaborations with DeFi platforms like Bitget and CoinEx. Through this strategic marketing move, the company has gained increased visibility and raised over $53 million in presale funds until the 18th batch.

Low-Code Revolution Empowering Meme Coin Innovation

BlockDAG's low-code, no-code platform is revolutionizing smart contract development, making it accessible for creating utility tokens, meme coins, and NFTs. This platform empowers users to create, manage, and deploy applications through a user-friendly drag-and-drop interface, eliminating the need for extensive coding expertise.

This democratizes the development process, potentially leading to the creation of new meme coins by enabling more creators to participate in innovation.

Key Insights

• Market sell-offs have significantly impacted Dogecoin (DOGE) futures and Bonk, resulting in liquidations and price declines.
• BlockDAG (BDAG) is making significant strides, with the Keynote 1 launch and the X1 mobile mining app driving growth.
• BDAG's low-code, no-code platform empowers users to develop utility tokens, meme coins, and NFTs, potentially fostering the next generation of meme coins.