The market is seeing sell-offs, with Dogecoin (DOGE) futures recently facing $60 million in long trades liquidated. Similarly, Bonk’s price fell by 19% in a week. Meanwhile, BlockDAG (BDAG) is progressing rapidly. The Keynote 1 launch at Tokyo’s Shibuya Crossing and the X1 mobile mining app have significantly raised its visibility and presale numbers to over $53M. BlockDAG’s low-code, no-code platform lets users create utility tokens, meme coins, and NFTs, positioning it as a major player in the cryptocurrency market.
What you'll learn 👉
Bonk Price Drops Amidst Market Volatility
Bonk (BONK), one of the first Solana memecoins, saw reduced interest before its 2023 comeback. Despite a 7.5% rise last month, Bonk’s price dropped 19% in a week, contributing to a 4% overall decline as the crypto market lost nearly 1%. BONK has shown resilience, aiming to restore Solana’s liquidity, evidenced by its 2022 airdrop to the Solana community. With a trading volume of $300 million and potential market recovery, BONK might rebound, reaching $0.000030 in weeks and $0.00005 by year-end.
Dogecoin Future Significant Losses Amid Bearish Market
Over $400 million in crypto longs were liquidated in the past 24 hours, with Dogecoin futures seeing $60 million in long trades liquidated as DOGE prices fell over 10%. This exceeded bitcoin (BTC) futures, which lost $47 million.
The CoinDesk 20 Index dropped 3.4%, reflecting a broader market sell-off. Dogecoin futures faced the highest liquidation since May 2021, with Huobi seeing $44 million in liquidations. The market faced sell-offs due to profit-taking and dollar strength, leading to significant losses in Dogecoin futures.
Unlocking Profits with BlockDAG’s X1 Mining App and Low-Code Revolution
BlockDAG’s X1 app revolutionizes mobile mining by turning smartphones into powerful devices. It features an energy-saving algorithm that preserves battery life and data on Android and Apple platforms, ensuring efficient mining.
Users can mine up to 20 BDAG per day, worth $1 at the launch price of $0.05 per coin. When the coin’s value reaches $1, daily earnings will increase to $20, and at $10, users could earn $200 per day. The app also features a referral system and daily engagement incentives, enhancing accessibility and rewards for users. It stands out as one of the best crypto-mining apps available.
BlockDAG’s journey to global dominance began with the display of its keynote video at Tokyo’s Shibuya Crossing, providing detailed insights into its project, such as integration with DeFi platforms like Bitget and CoinEx. This strategic marketing move boosted visibility and presale numbers, raising over $53 million till the 18th batch.
BlockDAG’s low-code, no-code platform revolutionizes smart contract creation, making it accessible for developing utility tokens, meme coins, and NFTs. This platform allows users to create, manage, and deploy applications through a drag-and-drop interface, eliminating the need for extensive coding knowledge. This democratises the development process, potentially giving birth to the next big meme coin by empowering more creators to innovate.
Key Insights
With substantial liquidations and price drops, the broader market sell-offs have significantly impacted Dogecoin (DOGE) futures and Bonk. In contrast, BlockDAG (BDAG) is making remarkable strides. The successful Keynote 1 launch at Tokyo’s Shibuya Crossing and the innovative X1 mobile mining app have propelled its visibility and presale numbers to over $53M. Furthermore, the low-code, no-code platform empowers users to develop the next big meme coin.
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