Crypto Bloodbath: SEI and Flare Crash While BlockDAG Soars; Presale Hits $41.9 Million!

June 6, 2024
·
4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Mobile mining has emerged as a game-changer in the crypto space, allowing users to mine coins directly from their smartphones. As BlockDAG unveils its groundbreaking X1 Miner app, the crypto community is buzzing.

Amid this excitement, the Sei Network transitions to Sei V2, integrating with OpenSea for seamless NFT trading, while Flare faces a 55% price drop from its all-time high. These developments highlight the dynamic nature of the crypto landscape, with BlockDAG's latest presale success underscoring its potential as a leading long-term cryptocurrency.

Sei Network Transitions to Sei V2: A Web3 Developer's Dream

The Sei network is transitioning to Sei V2, aiming to draw in more web3 developers and content creators. It recently integrated with OpenSea, enabling seamless NFT trading with low fees and fast transactions. This integration enhances the NFT experience by offering rapid finality and throughput.

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Sei, a layer-one blockchain with $24 million in TVL, has grown despite the crypto bear market, now ranked 85 with a $1.5 billion market cap. The Sei V2 upgrade includes dual address support and solidifies its competition with top blockchains like Solana. However, if SEI prices fail to rebound, they could drop by 35% towards 31 cents.

Flare’s Struggle to Bounce Back in Recent Downturn

Flare's price has experienced a significant downturn after reaching its all-time high of $0.056 on February 26, dropping 55% to $0.025 by May 14. Despite a recent 6% spike, Flare struggles to surpass its $0.028 resistance.

The price formed a descending triangle, and today's breakout suggests a potential uptrend, indicated by technical signals like the MACD and RSI. However, the sustainability of this uptrend remains uncertain. If validated, Flare could reach the $0.035 area, but failure to maintain momentum may result in continued volatility and resistance challenges.

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BlockDAG's Keynote 2 Ignites Buzz and Drives Presale Success

On the flip side, BlockDAG (BDAG) has launched its 'moon-themed' Keynote 2, unveiling a range of notable updates. These encompass the rollout of the beta version of the X1 Miner app and improvements to the blockchain infrastructure. The enthusiasm sparked by the latest keynote and BlockDAG's low-code/no-code intelligent platform has driven the presale figures to $41.9 million, with over 10.8 billion coins sold. This swift expansion has spurred conversations about BDAG coin emerging as one of the best long-term cryptocurrencies.

BlockDAG recently unveiled its moon-themed Keynote 2, sparking considerable interest in the project. The video showcased pivotal updates, including enhancements to the X1 Mining App and the recent rollout of its beta version, advancements in blockchain technology, and plans for unveiling BlockDAG’s all-human team and their comprehensive global marketing strategy.

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Fueled by its innovative Directed Acyclic Graph (DAG) implementation, BlockDAG efficiently executes concurrent operations while ensuring disk persistence, thereby boosting both speed and security. These updates highlight BlockDAG's superior scalability and transaction speed, distinguishing it from conventional blockchains. This progress empowers users to mine BDAG coins, enhancing earnings in anticipation of the mainnet launch.

Moreover, the keynote introduced updates to BlockDAG’s X1 Miner app, a mobile crypto-mining application, the beta version of which is now accessible on both Android and Apple platforms. This app transforms smartphones into efficient BDAG coin-mining devices with an energy-saving algorithm that conserves battery life and data usage.

It boasts an intuitive interface, a referral system to augment mining rates, and daily engagement incentives, enabling users to mine up to 20 BDAG coins per day, valued at $1 upon launch. Future modules, including Wallet, Send/Receive, Leaderboard, and Community Section, will further augment the app's functionality.

Final Thoughts

While the Sei network is advancing with its transition to Sei V2 and recent integration with OpenSea, and Flare is facing a significant price drop of 55% from its all-time high and struggles to surpass resistance, BlockDAG is currently dominating the crypto scene.

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The 'moon-themed' Keynote 2 has garnered significant interest, leading to an impressive presale success of nearly $41.9 million and over 10.8 billion coins sold. Projections for BlockDAG suggest it could become one of the best long-term cryptocurrencies. With these promising developments, now is an ideal time to consider investing in BlockDAG.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu


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This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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