100K Users on Board: BlockDAG X1 App Hits Milestone as Hedera and Polkadot’s Bearish Trends Spook Investors

BlockDAG Surges Amid Polkadot and Hedera Slumps

In a tough week for crypto, Polkadot (DOT) has seen declining wallet engagement, and Hedera (HBAR) price is dipping. Amidst outflows in major coins, BlockDAG, the presale heavyweight, has become the preferred destination for inflows, beating market leaders with its long-term potential. A standout feature of the BlockDAG network is its mineability. The X1 Miner app has become a community favorite, turning smartphones into crypto mining devices with 20 BDAG coins yield, translating to $1 per day at launch. The app has supercharged the BlockDAG presale, reaching 100k users, a figure even mature networks can't match. The X1 app's success highlights BlockDAG's immense potential as a top crypto to buy in 2024.

Polkadot (DOT) Bearish Trend Sets in

Polkadot (DOT) saw a 12% drop in July, underperforming as Bitcoin rose by 8% and Ethereum slid by 2%. The network’s user activity also plummeted, with only 170,111 addresses transacting on the Relay Chain, the lowest since January 2024. New wallets transacting for the first time fell by 75% from March's peak, and parachain platform activity declined by 21%.

Despite the bearish trend, some investors remain hopeful. DOT’s 24-hour holder account reached an all-time high of 1,354,554. The short/long ratio shows 74% of investors are executing longs, reflecting long-term optimism even amidst near-term uncertainty.

Hedera (HBAR) Price Sees Decline 

Hedera (HBAR) price has declined by 10.5% over the past two weeks, despite significant integrations with Blade Wallet and Karate Combat. These partnerships added 400,000 new accounts in one week. Blade Wallet aims to simplify wallet and application launches, while Karate Combat leverages Hedera's technology to develop consumer-facing products.

Trading at $0.0677, HBAR reflects a sharp drop from its yearly high of $0.1308. After losing the $0.09 resistance level, HBAR fell over 25%. Despite this, a recent buying resurgence from the $0.06 support level led to a 20% rally in four days, though the 50-day EMA remains a hurdle.

BlockDAG: The Top Crypto to Buy in 2024

BlockDAG is taking the crypto world by storm with its mineability, and the X1 Miner app is leading the charge. This powerful app has won over experts and investors for its ability to turn smartphones into crypto mining devices. Yielding 20 BDAG coins per day, it generates about $1 daily at launch. The X1 app has supercharged the BlockDAG presale, now boasting 100,000 users—a figure even mature networks can't match, showcasing BlockDAG’s immense potential.

Currently, in its 21st batch, the BlockDAG presale sees BDAG priced at $0.017, with a target of $0.05 in the 45th batch. BDAG’s price has skyrocketed 1600% since its first batch, promising a staggering 4900% rise from start to finish. The presale has raised more than $65.6 million, another figure that showcases the project’s immense popularity in the market. 

Other major bullish factors about the network are its mineability and high transaction speed of 15,000 TPS make it the most advanced proof-of-work blockchain globally. This scalability positions BlockDAG as the top crypto to buy in 2024, setting up investors for phenomenal long-term gains.

BlockDAG's $1 price target is electrifying, considering its $0.05 launch price. Expert predictions of BDAG hitting $1 are monumental, putting it on par with success stories like Dogecoin, Bitcoin, and Kaspa. The potential returns make BlockDAG the best crypto investment, offering unmatched growth and high returns for its investors.

The Last Line

Amidst the steep volatility in Polkadot (DOT) bearish trend and Hedera (HBAR) price dips, BlockDAG stands out with market-leading potential due to its impressive presale performance and robust project foundation. A key highlight of the BlockDAG network is its mineability, showcased by the X1 Miner app. This powerful app turns smartphones into crypto mining devices, yielding 20 BDAG coins daily, equating to $1 per day at launch. The X1 app has supercharged the BlockDAG presale, reaching 100,000 users—a milestone even mature networks can't match. With its impressive growth and innovative features, BlockDAG is undoubtedly the top crypto to buy in 2024, promising long-term sustainability and high returns.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu