BlockDAG Presale Reaches $47M with X1 Beta App Release: Can RETIK and Polkadot Keep up With Its Innovation?

BlockDAG Presale Reaches $47M with X1 Beta App Release: Can RETIK and Polkadot Keep up With Its Innovation?

While Retik Finance grapples with instability due to sharp price declines and ongoing market fluctuations; Polkadot (DOT) finds its footing after a turbulent week, maintaining support above $7. In stark contrast, BlockDAG (BDAG) is reshaping the crypto mining landscape with its new X1 beta mining app, now available on Android and Apple devices. This release has significantly driven up presale numbers, pushing the total to a robust $47 million as it enters its seventeenth batch, positioning BlockDAG as a top cryptocurrency contender.

Retik Finance Faces Market Jitters

The stability of Retik Finance (RETIK) is hanging by a thread following its roller-coaster performance in the markets. Originally launched at $0.030, RETIK soared to a high of $3 before taking a nosedive to $0.8909. Even with features like Retik Swap for trading and staking, and listings across several exchanges, the severe drop in RETIK’s price and its volatile nature are cause for investor concern.

The fickle world of cryptocurrency demands that potential investors proceed with caution, armed with thorough research and prepared for high risks before diving into investments like Retik Finance.

Polkadot Clings to $7 Amidst Volatility

Polkadot (DOT) has had its fair share of ups and downs this past week, slipping from $7.63 down to $6.97 under heavy selling pressure. Nevertheless, it has managed to cling to the crucial $7 mark, recently stabilizing at $7.05. Throughout this period, DOT faced substantial resistance at $7.60 and found support at $7.

Noted analyst Michael van de Poppe believes that Polkadot remains undervalued despite technological strides, such as the JAM protocol upgrade and integration of six real-world asset-focused projects within its ecosystem. A breakthrough past the $7.60 resistance could signal further gains for Polkadot.

BlockDAG's X1 Beta App Energizes the Community

Launched on June 3rd, BlockDAG’s X1 beta app is transforming smartphone crypto mining, making it efficient and user-friendly. Available for both Android and Apple users, this app integrates features like a wireframe design, user onboarding, presale functionalities, and an energy-efficient mining algorithm.

The app includes a referral system, daily engagement rewards, and soon-to-be-added features like a Wallet, Send/Receive functions, Leaderboard, and Community Section. Users can mine up to 20 BDAG per day, equivalent to $1 at launch. Testnet mining is set for August, with BDAG coins transferring to wallets by the mainnet launch in September, making crypto mining accessible and rewarding for all.

Moreover, the latest Dev release 47 has improved the X1 app's usability. This update addresses design and performance hurdles, enhances animations, integrates multiple OTP vendors for enhanced security, and provides detailed information for disabled features.

The Final Word

As Retik Finance struggles to stabilize following significant price falls and Polkadot holds its ground despite being undervalued, BlockDAG is creating a buzz with its X1 Mining App. The rapid growth of BlockDAG’s presale, boosted by the innovative beta release of the X1 mining app, has propelled the presale total to an impressive $47 million. With such dynamic progress, BlockDAG is quickly emerging as one of the must-buy cryptocurrencies.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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