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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

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How the X1 Miner is Making BlockDAG the Next Big Crypto Amidst Fantom & Uniswap Price Surge

June 22, 2024 By Crypto Reporter

As the crypto market gears up for gains after a red spell, Uniswap (UNI) Price and Fantom (FTM) Market Cap have shown positive momentum. Amidst these developments, BlockDAG, a layer 1 project with a stellar presale, has become the preferred destination for inflows, beating market leaders with its long-term potential. BlockDAG‘s X1 miner app has fueled its growth, pushing for wider adoption and potentially hitting the $30 target by 2030. The presale has surged to more than $52.5 million, driven by climbing investor interest, positioning BlockDAG as the next big crypto investment.

Uniswap (UNI) Price and Market Performance

Uniswap’s native token, UNI, has shown resilience with a strong breakout above $10. Currently, Uniswap (UNI) Price is trading at $10.68, reflecting an 8.8% increase. The market cap stands at $6.4 billion, though daily trading volumes have dropped by 25%, now at $262 million. The formation of a golden cross pattern, where the 50-day moving average surpasses the 200-day moving average, indicates bullish potential.

The Relative Strength Index (RSI) for UNI is at 52.5.68, suggesting the coin is neither overbought nor oversold. Most current holders, around 51%, are likely to hold on before selling. If the broader market gains momentum, UNI could reach resistance levels of $13.15 and potentially $20.

Fantom (FTM) Market Cap and Growth

In Q4 2023, Fantom’s circulating market cap surged by 140%, rising from $0.5 billion to $1.3 billion, outpacing the overall market growth of 54%. This growth saw Fantom (FTM) market cap climb from 63rd to 58th place. The Ecosystem Vault and Gas Monetization program reduced the burn rate of transaction fees and reallocated a portion to support the ecosystem.

Fantom saw a 27% decline in daily active addresses but a 126% increase in daily transactions, reaching 531,000. The introduction of new DeFi protocols like Equalizer Exchange boosted Fantom’s Total Value Locked (TVL) by 58%, from $51 million to $81 million. Despite a decline in DEX volume, Fantom’s expanding ecosystem suggests potential for future growth.

BlockDAG’s Growth and Potential

BlockDAG is gaining traction with its innovative X1 miner app, a user-friendly smartphone application available on Google Play Store and Apple App Store. The app efficiently mines BDAG coins using an energy-efficient consensus algorithm, minimizing battery and data usage. With a simple sign-up process and intuitive interface, users can easily start mining and boost their rate through referrals and daily engagement.

The X1 miner app’s transparent ranking system tracks progress and unlocks benefits as users advance. It can mine up to 20 BDAG daily, making crypto mining accessible and rewarding. This has fueled BlockDAG’s growth, attracting significant investor interest, with the presale raising over $52.5 million. Analysts predict that the widespread adoption of the X1 app could help BDAG achieve a $30 target by 2030.

BlockDAG’s potential for high returns positions it as the next big crypto investment. Investors are eyeing the projected 30,000x ROI, driven by strategic marketing and integration into major DeFi exchanges. BlockDAG’s roadmap, including a mainnet launch within six months, promises continuous innovation and growth.

Key Insights

Uniswap’s strong technical indicators and recent acquisitions highlight its potential for further gains. Fantom’s robust growth in market cap and DeFi ecosystem suggests a promising future. However, BlockDAG stands out as the next big crypto with its innovative X1 miner app and successful $52.5 million presale. The X1 app’s efficiency and user-friendly design have fueled BlockDAG’s growth, potentially helping BDAG reach the $30 target by 2030 and offering 30,000x ROIs. With its ambitious roadmap and strategic marketing, BlockDAG presents a compelling investment opportunity compared to Uniswap (UNI) price and Fantom (FTM) market cap.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: BlockDAG

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