BlockDAG is set to release the beta version of its X1 mining app on June 1st, enhancing the platform with additional features. This comes as Cardano (ADA) witnesses a boost in investor activity despite facing major technical hurdles, and the rise in Optimism’s price contributes to a resurgence in Ethereum’s layer 2 solutions.
BlockDAG, having collected over $22.6 million from its presales, accommodates miners of various experience levels. The X1 app miner, available on both Google Play and the App Store, allows users to mine up to 20 BDAG coins daily. It is particularly appealing due to its small size of only 50 MB, which ensures minimal battery and data usage.
Cardano (ADA) News: Transaction Surge Attracts Investor Attention
Recent developments around Cardano have caught the interest of investors as ADA sees an uptick in transactions above $100,000, the highest in six months. However, ADA’s market valuation has dropped by 43% since March 13, causing concern among stakeholders.
Technical analysis reveals a mixed scenario, with ADA breaking below the lower trendline and facing a dim short-term forecast. Currently priced at $0.43, ADA has declined by 5.48% in the past day and 16.06% over the past week as investors monitor its performance amid wider market volatility.
Optimism Price Impact on Layer-2 Dynamics and Market Trends
Since the Dencun upgrade, while Polygon’s fees have significantly decreased, both Optimism and Arbitrum maintain nearly zero transaction costs: $0.129 for Polygon, $0.025 for Optimism, and $0.006 for Arbitrum—considerably less than Ethereum’s $1.53. Notably, despite higher fees on Polygon, its DEX volume is the lowest, with Base Protocol leading, followed by Arbitrum, Polygon, and Optimism.
Arbitrum has outperformed Optimism in earnings since March 2023 due to its ARB token. Arbitrum’s top revenue-generating protocol is GMX, while Pendle leads in total value locked at $580 million. In Optimism, Velodrome leads in revenue, with Synthetix in second place. OP and MATIC are showing bearish trends, whereas ARB has been outperforming since mid-April, although both ARB and MATIC might see new lows before a potential bullish reversal.
Revolutionizing Crypto Mining: BlockDAG Launches X1 Miner App
BlockDAG’s popularity is soaring, highlighted by advancing to its 10th presale phase. The project has raised over $22.6 million by selling over 8.4 billion coins, bringing in $2.3 million from selling over 5222 mining devices. Interest continues to climb, with projections suggesting a potential 30,000x return on investment, positioning BlockDAG as a leading crypto purchase for May 2024.
BlockDAG also serves miners of varying expertise by offering a range from the straightforward X1 mining app to more advanced devices like the BlockDAG X10, X30, and X100.
The innovative BlockDAG X1 miner transforms cryptocurrency mining. It is easily accessible via smartphones through the Google Play Store and Apple App Store. With its efficient 50 MB size, the app enables users to mine up to 20 BDAG coins daily while conserving battery and data. The X1 mining app provides users with a sustainable and rewarding mining experience.
The X1 mining app’s beta version will launch on June 1st, 2024, for iOS and Android platforms. It enhances mining rates with a simple tap on the lightning button every 24 hours and features an easy-to-navigate interface with a rewarding referral system. Transparent ranks help track users’ progress, unlocking new benefits as they advance.
Final Thoughts
As news about Cardano continues to dominate, investors are caught in a striking contradiction. Optimism’s price behavior showcases a notable discrepancy, with its transaction fees remaining near zero since the Dencun upgrade.
Nevertheless, BlockDAG is swiftly emerging as a leader in both presales and mobile mining, ready to introduce the beta version of its X1 mining app on June 1st. With $22.6 million already amassed in presales and a potential 30,000x ROI, BlockDAG is securing its spot as one of the prime cryptos to buy in May 2024.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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