BlockDAG Emerges as a Rising Star in the Cryptocurrency Sector

In recent developments, Pepe coin has faced significant valuation challenges, creating uncertainty for its investors

Pepe coin price drops 13% despite Las Vegas billboard, BlockDAG earns $51.1m from presale

Pepe coin price dropped by 13% over the last seven days of trading activity on Monday, March 13, currently valued at $0.00001270, together with a 22% decrease in trading volume.

Although there was a minor recovery of 5% in the last 24 hours, technical forecasts remain pessimistic. The Relative Strength Index (RSI) indicates declining momentum, and the Moving Average Convergence Divergence (MACD) sits below the signal line, signalling bearish trends. A crucial support level at $0.00001139 is observed; breaching this could lead to a further fall to $0.00000885.

On the other hand, BlockDAG has earned more than $51.1 million from its presale events, while Uniswap v2 pools on Layer 2 networks are dealing with decreasing trade volumes.

Uniswap v2 pools trade volume sharply declines on Layer 2 networks

As Ethereum’s Layer 2 solutions become more popular due to their lower transaction fees, Uniswap v2 pools have gained the upper hand over those on the Ethereum mainnet.

Base, a Layer 2 solution by Coinbase, is spearheading this shift, accounting for more than 95% of all L2 transactions.

Uniswap v2’s expansion to Layer 2 platforms, including Optimism, Arbitrum, and Polygon, was noted in February. Currently, UNI is trading at $10.53, marking a decrease of 1.66% with a 47% reduction in trading volume.

BDAG’s strategic global marketing boosts earning capabilities

BlockDAG has effectively promoted its brand across major global cities such as Tokyo’s Shibuya Crossing and the Las Vegas Sphere. These events showcased BlockDAG’s dedication to scalability and decentralisation, leveraging a mix of Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) consensus mechanisms.

This setup promotes quick transaction processing and robust security, preparing BlockDAG to accommodate increasing market demands.

These initiatives have played a significant role in achieving over $51.1 million in presale revenue and a notable 1120% surge in price.

During the Shibuya event, BlockDAG also displayed a variety of mining solutions, including the X1 mobile mining app and the X10, X30, and X100 miners, each designed for different mining expertise and investment levels.

The X30 Miner, in particular, offers a powerful mining option for both newcomers and seasoned miners. With a hash rate of 280 GH/s and power usage of just 220 watts, the X30 combines efficiency with practicality. Its compact design, low noise output, and advanced ASIC technology make it an appealing investment choice.

The X30 Miner’s profit potential is noteworthy. Currently, it allows investors to earn around $30 daily following the launch of the BDAG coin. Moreover, if the BDAG coin hits $1 by the end of 2024, the profit outlook could significantly increase. Mining 600 BDAG coins daily at this price could yield considerable returns, positioning the X30 Miner as a very profitable investment and a must-have for cryptocurrency enthusiasts in 2024.

News source：https://www.kdj.com/cryptocurrencies-news/articles/blockdag-emerges-rising-star-cryptocurrency-sector.html

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