BlockDAG Sells 18,860 Miners and Raises $7.6M After Live Demo as Pi Network Stalls at $0.44 and NEAR Drops 5%

BlockDAG (BDAG) has made significant strides following a live demo of its mining technology, resulting in over 18,860 miners sold and $7.64 million in revenue. The demonstration, led by CEO Antony Turner and CMO Nicolaas Van Den Bergh, showcased the X1 App and X10 hardware in real time, offering a practical view of the mining process [1]. The X1 App allows users to mine BDAG from their phones, while the X10 device, when connected via Bluetooth, significantly boosts output [1]. This hands-on approach has attracted more than 2.5 million users globally, highlighting the project's growing appeal [1].

Meanwhile, Pi Network continues to trade near $0.44, with limited movement despite a recent push for users to complete KYC and enable two-factor authentication. The project has faced user frustrations over stalled wallet activations and unresolved migration errors, which have dampened enthusiasm. While there has been some engagement in community channels, the Pi Network price has shown little response to internal updates or social media activity [1].

Near Protocol, on the other hand, has experienced a significant drop in value, with its price falling from $3.01 to $2.89 following a surge in trading volume that exceeded 5 million. This volume spike marked a sharp reversal in short-term price action, and resistance at $2.93 and support at $2.88 have signaled a clear downtrend. Intra-hour sell-offs have further confirmed growing bearish pressure among traders, with many now watching Bitcoin’s movements as a potential indicator for altcoin direction [1].

BlockDAG’s presale has also gained momentum, having raised $358 million with BDAG priced at $0.0016. The project is viewed by analysts as a strong contender among decentralized crypto initiatives, and its presale is set to conclude on August 11 [1]. The combination of real-world utility demonstrated during the live event and the low presale price has led to a rapid increase in demand, creating a limited window for early entry [1].

The recent market activity underscores a divergence in the performance of key cryptocurrency projects. While Pi Network and Near Protocol struggle to maintain momentum, BlockDAG’s tangible results and user engagement suggest a stronger foundation for growth. Investors are now closely monitoring these developments to assess potential opportunities and risks in the evolving crypto landscape.

Source: [1] BlockDAG Sells 18,860 Miners and Raises $7.6M After Live Demo as Pi Network Stalls at $0.44 and NEAR Drops 5% (https://coinmarketcap.com/community/articles/688cb06366fad126cd96d208/)