Press Releases

BlockDAG Presale Gains $47M as X1 Miner App Beta Captures Market: RETIK & Polkadot Left in the Dust

BDAG's X1 App, Rising Above RETIK & Polkadot's Stability

While Retik Finance grapples with instability and alarming market swings, and Polkadot (DOT) clings to its foundational support after a rollercoaster week, BlockDAG (BDAG) is reshaping the crypto mining landscape with the debut of its X1 beta mining app. This pivotal launch has driven presale achievements sky-high, reaching an astounding $47 million as it progresses into batch 17. BlockDAG’s trailblazing app and swift presale growth position it as a premier cryptocurrency investment.

RETIK Finance’s Volatility Sparks Investor Concerns

RETIK Finance (RETIK) is wrestling with uncertain prospects following its volatile price history. Initially offered at $0.030, RETIK soared to a peak of $3, only to tumble down to $0.8909. Despite its features like Retik Swap for trading and staking, and listings across multiple exchanges, the substantial price drop and erratic market movements are red flags for potential investors.

The mercurial nature of the cryptocurrency market underscores the need for investors to approach with caution, arm themselves with thorough research, and maintain a high tolerance for risk before diving into investments like RETIK Finance.

Polkadot’s Price Steadies at $7 Amidst Market Fluctuations

Polkadot (DOT) has weathered a tumultuous week, sliding from $7.63 to $6.97 under heavy selling pressure but managed to stabilize, currently holding steady at $7.05. Over the week, DOT encountered strong resistance at $7.60, with solid support forming at $7. Celebrated analyst Michael van de Poppe highlights that despite its technological strides, including the JAM protocol upgrade and six real-world asset projects, Polkadot remains undervalued. Breaking past the $7.60 resistance could usher in a wave of gains for Polkadot.

BlockDAG’s X1 Beta Launch Elevates Community Involvement

Launched on June 3rd, BlockDAG’s X1 app beta is setting a new standard in mobile mining by transforming smartphones into proficient BDAG coin miners. Available on both Android and Apple platforms, the app integrates several features such as wireframe design, user onboarding, presale functionalities, and an energy-efficient mining algorithm.

Noteworthy app attributes include a referral system, daily engagement rewards, and forthcoming features like Wallet, Send/Receive, Leaderboard, and Community Section. Users can harvest up to 20 BDAG daily, translating to roughly $1 at launch. Testnet mining is set for August, with earnings deposited directly into users’ wallets at the mainnet launch in September, making crypto mining accessible, sustainable, and lucrative.

Additionally, the latest Dev release 47 has refined the X1 app’s utility, addressing design and performance hurdles, enhancing animations, integrating multiple OTP vendors for heightened security, and implementing informative models for disabled features.

With these improvements and the addition of modules like Wallet, Send/Receive, Leaderboard, and Community Section, the X1 app is primed for its September mainnet launch, striving to democratize cryptocurrency mining for all.

The Bottom Line

As Retik Finance struggles with volatility and Polkadot seeks value recognition, BlockDAG is carving a niche with its innovative X1 Mining App. The swift surge in BlockDAG’s presale figures to $47 million, bolstered by the X1 miner app’s beta release, sets BlockDAG on a trajectory to becoming one of the most sought-after cryptos in the market.

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