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Crypto Market Update: BlockDAG Network Rises With $51.4M Presale Amid BONK & Lido DAO Price Hike

Bitcoinist
by Bitcoinist
Last Updated: June 18, 2024 8:56 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid the ever-changing crypto market, BONK, Lido DAO, and BlockDAG have captured investor attention. While BONK’s price volatility suggests a potential rebound and Lido DAO’s reclaimed support points to bullish momentum, BlockDAG is emerging as the superior investment. BlockDAG’s innovative X1 mobile miner app is revolutionizing crypto mining by turning smartphones into efficient mining devices, democratizing access to crypto earnings. The recent presale success, raising $51.4 million and achieving an 1120% price surge, underscores BlockDAG’s growth potential.

BONK: Is Now the Time to Buy the Dip?

BONK, the popular memecoin, has seen a volatile price movement, dropping by 47% since May 28. Currently, it hovers near a crucial support level of $0.00002260. This level, supported by an ascending trendline at $0.00002206, suggests accumulating bullish momentum towards the next resistance at $0.00002940.

With a market cap of $297 million and a recent 3% drop, BONK appears to be in an oversold zone according to the stochastic RSI (4.90), indicating a potential buying opportunity. The moving average convergence divergence (MACD) also hints at a shift from bearish to bullish momentum. Additionally, liquidity maps show significant activity around $0.0000238 and $0.0000247, potentially driving prices higher.

Lido DAO Confirms Support Reclaim: LDO Price Poised for $3.10 Target

Lido DAO (LDO) is showing signs of a bullish trend, with its Total Value Locked (TVL) approaching an all-time high of $39 billion. The recent price increase has reclaimed a 700-day diagonal support trend line, suggesting the potential for a longer-term upward movement toward $3.10.

Despite a correction since its January high, LDO regained its footing in May, partly due to positive Ethereum ETF rumors. The ascending parallel channel since June 2022 has been validated multiple times, indicating strong support. The recent upward movement confirmed the bounce and reclaimed the channel’s support trend line. If LDO maintains its momentum, it could break out toward its all-time high, driven by increasing TVL and strong market fundamentals.

X1 App: Transform Your Smartphone into a Crypto Mining Powerhouse

BlockDAG presale is catching fire, and its flagship device is an app-based mobile device is stealing all the attention. The X1 mobile miner app is set to revolutionize crypto mining by transforming everyday smartphones into efficient mining devices. This easy-to-use app democratizes crypto earnings, making it accessible to a broad audience of enthusiasts.

The Proof of Engagement mobile app enhances the user experience by converting smartphones into powerful mining tools without affecting battery life or data usage. Users can effortlessly mine cryptocurrency while engaging with the BlockDAG ecosystem. The app offers simple sign-up, referral rewards, and clear progress tracking, making it easy and enjoyable to build a crypto portfolio.

Designed for simplicity, the X1 mobile miner app allows individuals with little technical knowledge to participate in mining. It utilizes smartphone processing power effectively, ensuring device performance remains unaffected while mining. This innovative approach enables users to earn cryptocurrency without investing in expensive hardware.

Notably, the price of BDAG coins has surged to $0.0122 in the latest presale batch, reflecting an impressive 1120% increase. The current presale has raised $51.4 million and sold over 11.6 billion BDAG coins. Additionally, BlockDAG has generated $3.3 million from miner sales, with over 7,900 mining devices sold. This robust performance highlights investor confidence and interest in BlockDAG’s innovative solutions.

Takeaway

BlockDAG clearly outshines BONK and Lido DAO. Despite BONK’s potential rebound and Lido DAO’s strong fundamentals, BlockDAG’s cutting-edge X1 mobile miner app and significant presale achievements position it as the top investment. The seamless integration of mining technology into everyday smartphones, coupled with robust financial backing and strategic advancements, makes BlockDAG the standout winner. For investors looking to capitalize on the next big opportunity in the crypto world, BlockDAG offers unmatched potential for substantial returns and market leadership in 2024.

Join BlockDAG Presale Now:

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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