The market is experiencing a sell-off, with long positions in Dogecoin (DOGE) futures liquidating $60 million. The price of Bonk also dropped by 19% in a week.
Meanwhile, BlockDAG (BDAG) is making rapid progress. The release of Keynote 1 at the famous Shibuya Crossing in Tokyo has propelled the popularity and pre-sale price of the X1 mobile mining application to over $53.5 million. BlockDAG, with its low-code, no-code platform for developing practical tokens, meme coins, and NFTs, is set to become a major player in the cryptocurrency market.
The price of Bonk has fallen within the market fluctuations
Bonk is an early meme coin of Solana, and enthusiasm has waned before its return in 2023. Despite a 7.5% increase in the past month, the price of Bonk has dropped by 19% in a week, causing a nearly 1% decline in the cryptocurrency market and a 4% decrease in price.
BONK has shown significant growth over the past year, demonstrating resilience and growth potential. The meme coin aims to restore liquidity to Solana, as evidenced by the 2022 airdrop to the Solana community. With $300 million in healthy trading volume and the potential for a market recovery, BONK is expected to rebound and may reach $0.000030 within a few weeks and $0.00005 by the end of the year.
Dogecoin futures face significant losses in the bear market
Over $400 million worth of cryptocurrency long positions were liquidated in the past 24 hours, with Dogecoin futures liquidating $60 million as the price of DOGE dropped by over 10%. This exceeds the $47 million loss in Bitcoin futures.
The CoinDesk 20 index has dropped by 3.4%, reflecting broader market sell-offs and bearish sentiment. Dogecoin futures are facing the highest level of liquidation activity since May 2021, with Huobi’s liquidation amounting to $44 million. Overall, the market is experiencing sell-offs due to profit-taking and a stronger dollar, leading to a significant decline in Dogecoin futures.
BlockDAG’s X1 mining app and the low-code revolution unlock profits
BlockDAG’s X1 mobile mining application turns smartphones into powerful mining devices, revolutionizing mobile mining. The app, available on Android and Apple platforms, features energy-saving algorithms to preserve battery life and data, ensuring efficient mining.
Users can mine up to 20 BDAG coins per day, valued at $1 each at the issuance price of $0.05 per coin. When the value of the coin reaches $1, daily income will increase to $20, and when it reaches $10, users can earn $200 per day. The app also includes a referral system and daily participation rewards, enhancing user accessibility and rewards. It is one of the best cryptocurrency mining apps available.
BlockDAG’s global dominance journey began with a thematic video showcase at the Shibuya Crossing in Tokyo, providing detailed insights into its project, such as integration with DeFi platforms like Bitget and CoinEx. This strategic marketing move has increased awareness and raised pre-sale amounts, raising over $53.5 million by the 18th batch.
BlockDAG’s low-code, no-code platform is revolutionizing smart contract creation, making it available for developing practical tokens, meme coins, and NFTs. The 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, empowering more creators to innovate and potentially usher in the next big meme coin.
Key insights
The broader market sell-off has had a significant impact on Dogecoin (DOGE) futures and Bonk, with significant liquidations and price drops. In contrast, BlockDAG (BDAG) is making significant progress. The successful release of Keynote 1 at the Shibuya Crossing in Tokyo and the innovative X1 mobile mining application have propelled its popularity and pre-sale price to over $53.5 million. Additionally, the low-code, no-code platform allows users to develop the next big meme coin.
Invest in BlockDAG pre-sale now:
Pre-sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
