BlockDAG Pre-Sale Gains Momentum as Mining Army Surpasses 3.5 Million Users
Autor: Mining Provider Editorial Staff
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Kategorie: News
Zusammenfassung: The BlockDAG project is rapidly gaining popularity with over 3.5 million miners and $441 million raised ahead of its pre-sale ending January 26, while Monero and Ondo Finance face challenges impacting their market performance.
BlockDAGs X1-Mining Army Grows Ahead of Pre-Sale End on January 26
The cryptocurrency market is witnessing significant developments as the BlockDAG project gains traction, boasting over 3.5 million miners through its X1 mobile app. As of now, the project has raised over $441 million and has delivered more than 20,000 X-series mining devices worldwide. With only 3.5 billion coins remaining and the pre-sale concluding on January 26, interest and activity are rapidly increasing as the deadline approaches.
"The pre-sale is currently in its 34th phase, offering a special price of $0.003 per coin, which presents a last opportunity before prices rise."
In contrast, the Monero price has recently surged by over 10%, reaching a range of $388 to $410. However, the future trajectory remains uncertain due to ongoing mining concerns. Analysts are divided on whether this momentum will continue, with some indicators suggesting strength while others warn of potential exhaustion following the recent price movement.
Ondo Finance Faces Market Pressure Despite Platform Growth
Ondo Finance has experienced steady platform growth over the past six months, with the total value of assets under management increasing by nearly 39% from $1.2 billion to approximately $1.7 billion. This growth indicates sustained capital inflows and heightened interest from larger market participants. However, despite these advancements, Ondo's asset is currently priced at around $0.46, having fallen approximately 56% over the last three months.
Moreover, trading activity has slowed, with volumes on major exchanges decreasing by nearly half, signaling reduced short-term interest. A significant concern for the future is the gradual release of approximately 85% of the total supply, which could lead to increased selling pressure as early holders become able to sell their assets.
Mining Opportunities and Risks
- Opportunities:
- BlockDAG's user-friendly mining via the X1 app has attracted over 3.5 million active users.
- Potential for significant returns with the current pre-sale price of $0.003 compared to the expected price of $0.05.
- Risks:
- Monero's mining concentration raises concerns about network security.
- Ondo Finance faces challenges with declining asset prices and trading volumes.
As the pre-sale of BlockDAG approaches its end, the urgency for potential investors increases. The combination of easy mobile mining and powerful hardware options allows for various user preferences, from casual mining on smartphones to dedicated machines for higher yields. The upcoming deadline on January 26 marks a critical point for those looking to capitalize on this opportunity.
In summary, while BlockDAG is positioned as a leading cryptocurrency pre-sale with strong mining participation, both Monero and Ondo Finance face their own sets of challenges that could impact their performance in the near future.
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