BlockDAG X1 App Drives Growth as HYPE Expands Fiat Access and SUI Faces Sell Pressure

Hyperliquid (HYPE) has expanded its onramp capabilities by integrating Transak, enabling direct fiat-to-crypto transactions using USD or EUR. This move eliminates the need for centralized intermediaries and allows users to purchase HYPE tokens directly. Wallet support for Trust Wallet and Leap Wallet has also been added, streamlining the buying, holding, and converting of HYPE back to fiat. These improvements aim to enhance the user experience and increase accessibility for both retail and institutional investors [1].

Meanwhile, SUI has shown resilience despite a 5% dip in the past 24 hours, trading near $3.92. Institutional backing has been evident, with Mill City Ventures III allocating $450 million to SUI tokens in its treasury. However, technical analysis highlights key support levels between $3.20 and $3.50 and resistance levels between $4.20 and $4.50. With the RSI near 73, suggesting overbought conditions, and an impending $686 million token unlock, SUI faces potential downward pressure. The combination of dollar strength and sell-side risks remains a key concern [2].

BlockDAG continues to gain traction, particularly through its X1 mobile app, which now has over 2.5 million users. The app allows mining of BDAG coins using smartphones, eliminating the need for specialized hardware or complex setups. A recent live demo of the X1 app and the X10 miner hardware showcased the system's ease of use and performance, reinforcing trust in the platform. The presale has raised $359 million, with 24.46 billion BDAG coins sold in 29 batches at $0.0276 each. The original launch price of $0.05 offers early buyers a 2,660% return from the first batch, and current buyers have the opportunity to purchase at $0.0016 until August 11, potentially unlocking a 3,025% return [3].

BlockDAG’s strategy of combining accessible tools with real-world adoption sets it apart in the current crypto landscape. With daily mining capabilities, increasing user engagement, and a strong presale performance, the project is demonstrating tangible progress. Unlike speculative projects that rely on hype, BlockDAG is building momentum through execution and user trust [4].

In summary, HYPE’s fiat integration marks a significant step toward mainstream adoption, SUI faces mixed signals from both institutional backing and technical pressures, and BlockDAG continues to gain real-world traction through its mobile-first approach and strong presale performance. Each project reflects different aspects of the evolving crypto ecosystem, with BlockDAG standing out for its execution and user engagement [5].

Sources:

[1] Hyperliquid HYPE Adds Fiat Support Via Transak

[2] SUI Holds at $3.92 Despite Selling Pressure

[3] BlockDAG X1 Mobile Mining Surges And Presale Builds Real Momentum

[4] Final Verdict

[5] title: X1 App Pushes BlockDAG to the Top, X10 Demo Builds Trust as HYPE Grows and SUI Shows Strength

URL: https://coinmarketcap.com/community/articles/688e7411a2e6223238b1d0a2/