Cryptocurrency

Sophisticated Mining with X1 App; BlockDAG Leads with a $53.5M Presale; Can HBAR & ETC Match Up?

IndustryTrends

Hedera (HBAR) stands out with a significant weekly rise, reflecting its market strength by maintaining a competitive trading value. Concurrently, Ethereum Classic (ETC) has aligned with Alchemy Pay to boost fiat currency access, marking a strategic shift towards decentralisation.

Amid these developments, BlockDAG has launched its pioneering X1 Miner app, turning smartphones into effective mining devices. This leap has led to a remarkable presale tally of $53.5 million for BlockDAG, setting it as a frontrunner in the 2024 crypto race.

Hedera (HBAR) Achieves Remarkable Market Gains

Despite the general market downturn, Hedera (HBAR) has showcased its robustness, achieving a bullish trend. In the last week alone, while the broader crypto market saw declines, HBAR notched a 25.30% increase.

As reported by CoinMarketCap, this uptick contributes to a yearly rise of 147.22% in its valuation. HBAR is currently priced at $0.08871 and enjoys a significant market capitalisation, with its trading volume swelling by 84.94% within 24 hours.

ETC’s New Fiat Gateway with Alchemy Pay

Ethereum Classic (ETC) has collaborated with Alchemy Pay to introduce a fiat gateway facilitated by ETC Grants DAO. This venture allows for easy ETC purchases via Visa, MasterCard, mobile wallets, and bank transfers, utilising Alchemy Pay’s extensive fiat payment system. This initiative highlights ETC’s dedication to decentralisation and broadens accessibility for global users interested in crypto transactions.

BlockDAG’s X1 Mobile Miner Enhances Accessibility

The debut of the X1 Miner app marks a significant progression for BlockDAG. This innovative app has garnered significant attention, with sales exceeding 8100 units and generating $3.4 million in revenue. The X1 Miner app Beta offers a breakthrough in mobile mining, enabling users of various backgrounds to mine from their smartphones without needing costly or specialised equipment. With a modest size of 50 MB, the app allows users to mine up to 20 BDAG coins daily. It facilitates easy download and installation from the App Store and Google Play. It uses Wi-Fi connectivity to enhance mining efficiency while reducing data use and preventing battery drain, ensuring an effortless mining process.

The influence of the BlockDAG X1 app reaches well beyond typical markets, touching global cities and unique locations alike. BlockDAG presented its innovations and technological advances through an eye-catching video on massive billboards at the keynote event at Tokyo's Shibuya Crossing. The introduction of the X1 app at this distinguished location highlights its potential to transform the mining industry worldwide.

The X1 Miner app includes several features designed to enrich the user experience and increase mining productivity. It currently offers easy onboarding, token sales, broad customisation possibilities, and a referral scheme that incentivises users to introduce new members to the ecosystem. Anticipated future enhancements include integration with social media platforms, thorough crypto management in the app, real-time BDAG mining on the BlockDAG blockchain, and immediate notifications about new updates and events.

Conclusion

While Hedera (HBAR) remains resilient with its latest gains and Ethereum Classic enhances user access through new partnerships, BlockDAG is setting new benchmarks in the crypto world with its innovative X1 Miner app. This innovation simplifies mining and significantly boosts early investor and miner rewards, driving BlockDAG’s presale to an impressive $53.5 million, with high expectations for future growth.

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