BlockDAG Surpasses $7.6M in Miner Sales Amid Viral X1 App Demo

Following a recent peak at $2.27, the SPX6900 price has retreated to $2.22, signaling a shift in trader sentiment. Despite an initial surge in open interest—rising 17.97%—and a 92% spike in derivatives volume, netflow data now indicates profit-taking activity among market participants. The token’s Relative Strength Index (RSI) remains elevated at 71, and the Chaikin Money Flow (CMF) holds steady at 0.13, suggesting continued buying pressure, but only sustained demand can prevent a potential bearish move toward $1.93. Spot netflow has increased by $1 million, while the stock-to-flow ratio has declined, reflecting an uptick in token supply [1].

Meanwhile, Filecoin (FIL) continues to hover near $2.78, maintaining its position above the 20-day Simple Moving Average and testing key resistance at $2.94. Analysts project a potential climb to $3.18 by 2025, with an average target of $2.97. The RSI of 62.36 implies upward potential, but with Bollinger Bands narrowly compressed, FIL remains in a consolidation phase between $2.67 and $2.80. A definitive breakout is needed for further gains [1].

BlockDAG has emerged as a standout performer, driven by a viral demo showcasing the X1 app and X10 miner combination. The demonstration revealed how the integration boosts daily mining rewards from 20 to 200 BDAG, significantly enhancing user appeal. As a result, over $7.6 million in miner sales have been recorded, with more than 18,886 X-series miners already sold. The X1 app has attracted 2.5 million users, indicating strong real-world adoption and engagement. Deliveries of X30 and X100 miners are already underway, with X10 shipments expected in August. The presale, which has raised over $356 million, continues to offer early investors a special rate of $0.0016 per token until August 11, providing a projected 3,025% upside if the token launches at $0.05 [1].

BlockDAG’s rapid progress contrasts with the cautious movement in SPX6900 and the consolidation seen in FIL. While the broader crypto market remains in flux, BlockDAG’s tangible user base and active mining ecosystem highlight its operational momentum. This is not speculative hype but active deployment of its platform, setting it apart as a project that is already delivering on its vision [1].

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Source: [1] [SPX6900 Pulls Back From Highs, FIL Awaits Breakout at $2.94 & BlockDAG’s X1 & X10 Demo Triggers $7.6M in Miner Sales](https://coinmarketcap.com/community/articles/688cc9759cbf62478d309186/)