The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
28
 
29
 
30
 

BlockDAG on a Milestone Streak – Hits 200K Miners on the X1 App — Bitcoin Cash Eyes $400 While Polkadot Aims For 2025 Breakout

DATE POSTED:November 6, 2024

Bitcoin Cash (BCH) is attracting a lot of buzz as it aims for a potential price rally that could break the $400 mark. Meanwhile, Polkadot (DOT), is preparing for a promising breakout in 2025 with an upgrade that might change its fortunes. 

However, the highlight of the week is BlockDAG(BDAG), which just hit an impressive milestone with 200,000 active miners on its X1 Miner App. This surge is a testament to BlockDAG’s modern approach to making crypto mining more accessible and profitable. 

As its presale crosses over the $113.5M mark, it’s becoming a project to watch.

Bitcoin Cash Price Rally: What’s Driving the Momentum?

Bitcoin Cash (BCH) is starting to grab attention with a potential rally that could push its price above $400. Analysts are optimistic about this outlook, pointing to three key factors driving the bullish sentiment. Strong signs in the derivatives market, increased whale activity, and a surge in network engagement. 

Recently, rising open interest in BCH futures indicates growing trader confidence, with more investors betting on BCH’s price increase. Additionally, increased whale transactions and a rise in active users on the blockchain suggest strong potential for BCH. If these trends continue, BCH could exceed the $400 mark.

Polkadot Hopeful for a Price Breakout in 2025

Polkadot (DOT) is setting its sights on a potential breakout in 2025. Currently trading at $3.95, DOT has dropped 10.57% since last October and is down a staggering 92.82% from its all-time high of $55. 

However, there’s a bright spot ahead with the upcoming Polkadot 2.0 upgrade. This upgrade will introduce a deflationary mechanism called coretime that burns DOT, which could create upward pressure on its price. The market cap currently stands at $5.98 billion, and trading volume has increased by 26.58%. DOT is positioned to turn things around and make a strong comeback soon.

BlockDAG Smashes Another Milestone With 200K Miners!

All eyes are on BlockDAG’s latest milestone, crossing 200,000 active users on its X1 Miner App. This isn’t just another number—it’s a huge sign of BlockDAG’s impact in making crypto mining easier, cheaper, and more rewarding. 

The X1 Miner App is changing the game by giving users strategies to maximise returns with minimal costs, making it appealing to new and experienced miners. By focusing on lowering energy use and costs, BlockDAG helps miners everywhere get more bang for their buck.

On top of that, 13,743 miners have been sold, earning $5.5 million in sales revenue, showing the growing popularity of BlockDAG’s mining solutions.  However, the project’s momentum extends beyond mining. Its presale is on the rise, raising a massive $113.5 million so far, with over 15 billion BDAG coins sold. In batch 25, BDAG coins are priced at just $0.022, with early holders already seeing an impressive 2100% ROI since batch 1. 

As Bitcoin Cash and Polkadot make their moves, BlockDAG is shaping up to be the real standout, bringing serious value to its growing community. Its innovative mining approach and surging user base indicate that BlockDAG’s ecosystem is on track to become one of the most promising in crypto.

Best Long-Term Crypto Investments

Bitcoin Cash gears up for an exciting price rally, driven by positive trends in the derivatives market, increasing whale activity, and a surge in network engagement.

On the other hand, Polkadot is looking for a potential breakout in 2025, with the help of the anticipated Polkadot 2.0 upgrade. 

Meanwhile, BlockDAG’s impressive growth and innovative mining solutions redefine what’s possible in the mining sector.  The project has a growing user base and strong market interest, as highlighted by its presale, which has raised $113.5 million. BlockDAG is not just a player; it’s positioning itself as a potential leader. For those looking to get involved in crypto mining with high potential returns, BlockDAG is a project to consider.

The post BlockDAG on a Milestone Streak – Hits 200K Miners on the X1 App — Bitcoin Cash Eyes $400 While Polkadot Aims For 2025 Breakout appeared first on ReadWrite.