BlockDAG X1 Hits 2.5M Users Amid $355M Presale Surge

The crypto market is currently witnessing diverging trajectories among key players, with SUI and HYPE navigating uncertain price dynamics while BlockDAG’s ecosystem experiences rapid expansion. SUI recently broke out of a symmetrical triangle pattern above $4.26, signaling a potential path toward $8. This move is supported by a “cup and handle” pattern and increased trading volume, with Fibonacci levels projecting intermediate targets at $5.29 and $6.96. However, the sustainability of this bullish trend hinges on maintaining the $4.26 support level, as a break below could reverse the momentum [1].

Hyperliquid (HYPE) remains in a holding pattern despite a $888 million infusion through Hyperliquid Strategies Inc., which marks one of the largest institutional investments in an altcoin to date. The price is currently trading at $42.77, with no clear breakout or correction. The market is split between those who view the project’s fundamentals as a long-term opportunity and those who are wary of the chart’s stretched nature. A decisive directional move will likely require a new catalyst or structural shift in the price chart [2].

Meanwhile, BlockDAG’s mobile mining application, X1, has attracted over 2.5 million active users, positioning the project as a major player in accessible, consumer-friendly crypto mining. The app enables users to mine up to 20 BDAG tokens per day using only a smartphone, eliminating the need for specialized hardware or technical expertise. This growth is complemented by the BlockDAG presale, which has raised over $355 million and sold 24.46 billion tokens. Batch 29 is priced at $0.0276, but early-stage investors can still purchase tokens at $0.0016 until August 11, offering a potential return of over 3,025% [3].

The X1 app is not just a mining tool; it serves as an on-ramp to the broader BlockDAG ecosystem. Each user contributes to the network’s security and liquidity, while the daily issuance of BDAG tokens helps regulate supply and value dynamics. As the price gap between the current market rate and the initial launch price narrows, the ecosystem is seeing growing participation from retail investors and developers.

These developments reflect a broader shift in the crypto landscape, with projects increasingly focusing on accessibility and user engagement. SUI and HYPE remain in a state of flux, dependent on technical triggers or market sentiment shifts, while BlockDAG is capitalizing on its scalable, mobile-first strategy to attract a global user base.

Sources:

[1] SUI Price Aims For $8 After Bullish Breakout

(https://coinmarketcap.com/community/articles/688aa4ee3b65197fa8bb5ef4/)

[2] Wall Street Shows Interest, But HYPE Price Split Opinions

[3] BlockDAG’s X1 App Hits 2.5 Million Users, Mining Made Simple