The wider market is seeing sell-offs, with Dogecoin (DOGE) futures recently experiencing $60 million in long trades liquidated. Likewise, the Bonk price dropped 19% in one week.
Meanwhile, BlockDAG (BDAG) is progressing quickly. The Keynote 1 launch at Tokyo’s Shibuya Crossing and the X1 mobile mining app have greatly increased its visibility, pushing presale numbers to over $53M. Its low-code, no-code platform allows users to create utility tokens, meme coins, and NFTs, setting BlockDAG up to become a significant player in the cryptocurrency market.
Bonk Price Drops Amidst Market Volatility
Bonk (BONK), one of the first Solana memecoins, saw decreased enthusiasm before its 2023 comeback. Despite a 7.5% increase over the past month, Bonk’s price dropped 19% in one week, contributing to a 4% decline as the crypto market lost nearly 1%.
BONK has surged significantly over the year, showing resilience and growth potential. The memecoin aims to restore liquidity to Solana, evidenced by its 2022 airdrop to the Solana community. With a trading volume of $300 million and potential market recovery, BONK might rebound to $0.000030 in weeks and $0.00005 by year-end.
Dogecoin Futures Suffer Major 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 dropped over 10%. This exceeded liquidations for bitcoin (BTC) futures, which lost $47 million.
The CoinDesk 20 Index dropped 3.4%, reflecting a broader market sell-off and bearish sentiment. Dogecoin futures faced the highest liquidation activity since May 2021, with Huobi experiencing $44 million in liquidations. Overall, 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 transforms mobile mining, turning smartphones into powerful mining devices. Available on Android and Apple platforms, the app features an energy-saving algorithm that preserves battery life and data, 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 rise 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, which detailed its project, including 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 is revolutionizing 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 democratizes the development process, potentially giving birth to the next big meme coin by empowering more creators to innovate.
Key Insights
The broader market sell-offs have significantly impacted Dogecoin (DOGE) futures and Bonk, with substantial liquidations and price drops. 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 boosted its visibility and presale numbers to over $53M. Furthermore, the low-code, no-code platform empowers users to develop the next big meme coin.
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
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