BlockDAG’s keynote 2 sparks 850% surge amid Ethereum and Chainlink dips

BlockDAG’s Keynote 2 and X1 app beta launch ignited an 850% surge, surpassing Ethereum and Chainlink market movements.

While Ethereum (ETH) has recently experienced a downturn despite strong bullish signals, and Chainlink (LINK) has undergone a marked bearish reversal after weeks of positive sentiment, BlockDAG (BDAG) has been capturing the market’s attention. The unveiling of the unique X1 mining app during BlockDAG’s moon-themed Keynote 2 has dramatically boosted its presale figures to $41.9 million, propelling BDAG’s price to a significant $0.0095. This marks an 850% increase from its initial pricing, indicating a promising trajectory ahead.

Ethereum faces setbacks despite positive indicators

Ethereum has declined more than 3% recently, which has triggered notable long liquidations. Despite these setbacks, Ethereum maintains strong market interest, indicated by its sustained trading above the short-moving average and an RSI still over 60. Grayscale’s recent trust amendments reflect growing institutional interest, although JPMorgan has tempered expectations with predictions of modest initial demand for spot Ether ETFs.

Chainlink experiences a pronounced bearish turn

In a broader market showing signs of consolidation, Chainlink has suffered a significant reversal from its recent bullish run. This downturn was signaled by a departure from a rising channel pattern, suggesting mounting selling pressure. Key indicators, including the Simple Moving Average (SMA) and MACD, align with a pessimistic outlook, hinting at potential further declines if bearish momentum dominates the market.

BlockDAG’s keynote 2 highlights mining and tech advances

BlockDAG has celebrated a major breakthrough with its Keynote 2, introducing significant developments such as an imminent mainnet launch and diversified payment options, including Ethereum, USDT, and BNB. This announcement has sparked enthusiasm within the crypto community, with BlockDAG’s value surging by 850% since the initial batch. Currently, in batch 16, BDAG is valued at $0.0095, contributing to a thriving presale that has already amassed $41.9 million. 

Keynote 2 also highlighted BlockDAG’s expansive global marketing efforts and detailed advancements on its roadmap, which aim to boost its competitive edge and foster innovation. The focus on low-code/no-code tools is enabling even non-programmers to efficiently create and deploy smart contracts, memecoins, and NFTs, supporting BlockDAG’s vision of reaching a $30 valuation by 2030 through ongoing innovation and community involvement.

Furthermore, the recent debut of the beta version of the X1 Miner app exemplifies BlockDAG’s strides in enhancing blockchain technology. This app allows users to effortlessly mine BDAG coins directly on their smartphones, negating the need for specialized hardware and excessive energy consumption. Featuring a sophisticated Proof-of-Work (PoW) algorithm, the app ensures efficient mining operations that are gentle on battery and data usage.

Users are encouraged to engage daily with the app by pressing a lightning button every 24 hours to boost their mining rate, which enhances user interaction and commitment. The app also includes a transparent ranking system, rewarding users based on their mining activities and offering additional perks as they advance.

Final considerations

As Ethereum navigates through price reductions and Chainlink faces a bearish downturn, the cryptocurrency market is uncertain, prompting investors to search for more stable opportunities.

Amidst this landscape, BlockDAG’s recent Keynote 2 has stood out, driving substantial investor interest with its unique X1 mobile mining app and strategic technological upgrades. With the presale already soaring to $41.9 million, BlockDAG is rapidly establishing itself as a leading crypto candidate for 2024, reflecting a growing confidence in its expansive potential.

For more information, visit BlockDAG’s official website, the presale website, or engage with the Telegram and Discord communities.