Solana News Today: BlockDAG X1 App Surpasses 2.5M Users Amid $358M BDAG Presale Surge

BlockDAG’s X1 mining app has reached a major milestone, crossing 2.5 million active users, a testament to its growing adoption in the decentralized mining space. The application, available on both Android and iOS platforms, is designed for low resource usage, with a 50 MB footprint and minimal battery drain. Users can mine up to 20 BDAG per day simply by connecting to WiFi and launching the app [1]. This accessibility has contributed to its rapid user growth.

The recent introduction of the X10 mining rig has further boosted interest in the platform. The X10, a small device about the size of a Wi-Fi extender, connects via Bluetooth to the X1 app and increases daily mining output by tenfold, reaching up to 200 BDAG per day [1]. This has attracted both casual users and more serious miners seeking to maximize their returns with minimal effort.

Simultaneously, the presale of BDAG tokens has raised over $358 million, making it the largest presale in cryptocurrency history so far [1]. The current price of BDAG in Batch 29 is $0.0016, with the listing price confirmed at $0.05, offering a potential 3,025% return for early investors [1]. The X1 app is free to use, providing an accessible entry point into the mining ecosystem, and the growing demand for BDAG tokens is expected to intensify as the global launch approaches on August 11 [1].

In the broader market, Solana (SOL) has shown strong price resilience, maintaining key support levels and hinting at a potential upward move. The 20-day EMA sits at $179.37, while the 50, 100, and 200-day EMAs form a support zone between $162 and $178 [1]. The RSI is at 57.50, suggesting that while momentum has slowed, the trend remains positive. A breakout above $200 could push the price toward $220 [1].

Binance Coin (BNB) has also made headlines, reaching a new all-time high of $859 [1]. Analysts note that this growth is driven by consistent buying activity rather than leveraged positions, and the Sharpe ratio of 2.5 indicates strong risk-adjusted returns [1]. BNB’s market cap now stands at $112 billion, placing it behind only Bitcoin and stablecoins.

BlockDAG’s progress, including its 2.5 million users, operational mining model, and presale success, positions it as a strong contender in the long-term crypto landscape. The project’s combination of user-friendly tools and tangible performance metrics has drawn attention from investors and miners alike [1]. As interest in decentralized mining continues to rise, early adopters may be positioned to benefit significantly as the ecosystem matures.

Source:

[1] BlockchainReporter. BlockDAG’s X1 Mining App Hits 2.5M Users as Solana Climbs and BNB Smashes $859. https://blockchainreporter.net/blockdags-x1-mining-app-hits-2-5m-users-as-solana-climbs-and-bnb-smashes-859/