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200,000 Users & Counting: BlockDAG’s X1 App Sees Boom in Usage! Ethereum Strengthens in DeFi While Toncoin’s New Daily Wallet Grows

Bitcoinist
by Bitcoinist
Last Updated: November 4, 2024 7:35 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Toncoin has seen an extraordinary surge in interest, with daily new wallet activations reaching 500,000, pushing its total to over 100 million holders.

Meanwhile, the latest Ethereum news reveals a successful recapture of $1 billion outflows, primarily from Solana, maintaining its stronghold with a total value locked (TVL) of over $50 billion.

On the mining front, BlockDAG (BDAG) has broken new ground with its X1 Miner App, proving that mining is no longer only accessible to those with advanced tech skills and complex mining rigs. This app, which allows nontechnical users to mine BDAG coins straight from their smartphones, has now attracted over 200,000 users.

With BlockDAG’s presale crossing $111.5 million and BDAG coin predicted to reach $30 by 2030, miners stand to gain significant returns in the coming years with the X1 Miner App.

Toncoin Holders Surge to 500K New Wallets Daily

Toncoin has been on a remarkable run, attracting around 500,000 new holders each day, a pace that could soon push it ahead of Ethereum in total users. Starting with just a few million holders early this year, the Toncoin community has now ballooned to over 100 million wallets—a nearly 25-fold increase in just months.

Despite this impressive growth, around 80% of Toncoin’s users currently hold the asset at a loss, casting doubt on its status as one of the best long-term crypto investments.

Ethereum News: $1B of Solana Outflows Return Home

In recent news, Ethereum has reclaimed 42% of the total value outflows to Solana, totaling over $1 billion. While Solana has attracted value from various blockchains this year, the net movement of funds suggests that Ethereum remains a stronghold in decentralized finance (DeFi).

According to Michael Nadeau from The DeFi Report, Solana’s inflows from Ethereum only account for a modest 2.7% of Solana’s total value. Currently, Ethereum’s total value locked (TVL) sits above $50 billion, highlighting its ongoing dominance in DeFi.

BlockDAG’s X1 App Makes Crypto Mining Accessible to All

Toncoin and Ethereum have played substantial roles in boosting market optimism, but BlockDAG’s X1 miner app has taken this optimism to new heights, now boasting over 200,000 users.

BlockDAG’s own network has experienced remarkable growth, with presale revenues surpassing $111.5 million and 24 out of 45 presale batches completely sold out. The native coin, BDAG, has seen a 2100% price increase, a rare feat even among well-known cryptocurrencies like Toncoin and Ethereum.

Analysts predict that BDAG could reach $30 by 2030. The early success and promising future of BDAG have drawn 200,000 people to the X1 app, which is available on both iOS and Android.

Previously, mining was a complex activity reserved for those with technical skills and sophisticated equipment. But the X1 app simplifies mining, allowing users to mine up to 20 BDAG coins with just a few taps on their smartphones, making it accessible to newcomers without technical expertise.

For those new to mining, getting involved during the early stages of a project like BlockDAG means facing less competition and enjoying an abundance of available coins. However, once the network’s presale ends and it begins listing on top exchanges, mining BDAG coins will become more challenging and competitive.

In a Nutshell

Every day, Toncoin is adding a staggering 500,000 new wallets, showcasing a booming interest in crypto, even though many of these new holders are still waiting to see profits. On another front, Ethereum is solidifying its cornerstone position in the DeFi world by successfully reclaiming $1 billion from Solana.

Yet, BlokDAG’s X1 Miner App remains the hottest breakthrough in the market. It lowers the entry barriers for those without technical expertise, enabling users to mine up to 20 BDAG coins daily with minimal effort.

BDAG coins also remain highly promising, having surged by 2100% since their first presale batch. By 2030, one BDAG coin is projected to reach $30. This means those who start mining now could be looking at significant returns in the years ahead!

Learn About BlockDAG – Act Now Before Prices Increase:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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