Miner Mayhem: BlockDAG's $3.5M Sales Showdown Sends XRP and Fetch.ai Scrambling

July 3, 2024
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3 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

Fetch.ai (FET) Price continues to demonstrate resilience in a challenging market, fueled by speculation of innovative partnerships and potential mergers, marking it as a player to watch in AI-driven blockchain arenas. Meanwhile, XRP Trading faces a downward trajectory amidst legal battles and market pressures, struggling to maintain its foothold.

Amidst these varying fortunes, BlockDAG emerges as a formidable contender, revolutionising the crypto mining landscape with its X Series Mining Rigs and the pioneering X1 app. This innovative approach has advanced technology and accelerated BlockDAG's financial success, raking in $3.5 million in miner sales and boosting its market presence dramatically.

Fetch.ai (FET) Surges in Bearish Crypto Market

Fetch.ai (FET) Price has climbed 21.84% to $1.67, defying the broader market downturn. Speculation about a potential partnership with Injective (INJ), sparked by a recent tweet, has fueled this increase. Injective's forthcoming IBC upgrade could use Fetch.ai's AI agents to enhance DeFi services, boosting the demand for FET tokens.

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Additionally, rumours of a merger with SingularityNET and Ocean Protocol into an ASI token have bolstered Fetch.ai (FET) Price. As interest in AI-driven blockchain projects grows, Fetch.ai remains a key player.

XRP's Steep Decline-What’s Next?

XRP Trading struggles as its value dips below $0.50, caught in a broad cryptocurrency downturn. A recent legal victory for Ripple provided a brief uplift, with XRP stuck in a downward trend. Technical indicators point to ongoing selling pressure, and resistance around $0.55 may curb any rallies. The outlook for XRP Trading remains cautious, with potential further drops if it breaches the $0.46 support level. However, until such a shift occurs, the sentiment around XRP Trading is predominantly bearish.

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BlockDAG Rakes in $3.5M with Innovative Mining Rigs

BlockDAG is transforming crypto mining with its innovative X Series Mining Rigs and the recently launched X1 app. The X1 app enables smartphones to serve as efficient crypto mining devices, mining BDAG coins using a state-of-the-art, energy-saving algorithm. This technology allows mining without draining battery life or using excessive data.

READ MORE   DTX Exchange (DTX) Changes The Paradigm to Become First Layer One Blockchain Presale, Can It Beat Cosmos (ATOM)?

For those seeking a more powerful solution, the X10 mining rig offers substantial efficiency in a compact size. Resembling a Wi-Fi extender, it can mine up to 200 BDAG daily with a 100 MH/s hash rate. It supports both Wi-Fi and Ethernet connections and integrates easily into any home.

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The X30 rig enhances mining threefold with its 280 GH/s hash rate, capable of mining 600 BDAG daily. Its design is both compact and quiet, suitable for various settings. For the most ambitious miners, the X100 rig dominates with a 2 TH/s hash rate and the ability to mine up to 2,000 BDAG daily, while keeping noise levels manageable for diverse environments.

These crypto-mining devices have propelled BlockDAG’s success, driving sales to $3.5 million as miners embrace this advanced technology. This surge in miner adoption has helped BlockDAG reach its 19th funding batch, raising $55.2 million and achieving a 1300% market surge, with 11.9 billion coins sold and 8,400 miners distributed.

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Bottom Line

As Fetch.ai and XRP navigate their respective market dynamics, BlockDAG's innovative mining technology sets it apart, securing a robust financial position with significant miner sales. The successful integration of mobile and traditional mining solutions underlines BlockDAG's commitment to accessibility and efficiency in cryptocurrency mining.

This strategic innovation cements BlockDAG's role as a crypto sphere leader and positions it as a beacon for future technological advancements, promising continued growth and influence in the evolving digital economy.

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Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

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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