BlockDAG's X1-X10 Mining Combo Drives $351M Presale, PENGU Jumps 20%, LINK Surges 7%

BlockDAG’s recent X1 and X10 miner demonstrations have ignited significant market activity, coinciding with sharp price surges in Pudgy Penguins (PENGU) and Chainlink (LINK). The X1 mining app, which allows users to mine up to 20 BDAG coins daily, now has over 2 million active participants. The X10 rig demo further amplified mining capabilities, enabling users to unlock 200 BDAG per day—a tenfold increase in rewards. This technological leap, combined with the platform’s ongoing presale raising over $351 million and selling 24.3 billion BDAG coins, positions BlockDAG as a focal point in the crypto space [1]. Early investors have already seen returns exceeding 2,660%, with current batch prices at $0.0016 and a projected listing price of $0.05, offering potential gains of 3,025% if the presale concludes as planned [2].

Pudgy Penguins (PENGU) has experienced a dramatic 20% price surge within a single day, breaking out of a symmetrical triangle pattern to reach a multi-month high of $0.379. This follows a prior breakout from a falling wedge in June, reinforcing a bullish reversal trend. However, a Relative Strength Index (RSI) reading above 81 signals potential overbought conditions, raising the possibility of a pullback toward the $0.031–$0.032 support range [1]. The Pudgy Penguins NFT project has also seen a 16% increase in floor price to 16.75 ETH ($63,500), ranking second in NFT market cap. Broader NFT market activity has rebounded sharply, with daily trading volumes surging 370% and the market cap surpassing $6 billion [2].

Chainlink (LINK) has surged past critical resistance levels, gaining 7% in 24 hours and trading above the $18.93 Fibonacci 0.618 level. Technical analysis identifies $22.30 as an immediate price target, with an extended goal of $26.50 contingent on sustained momentum. Derivatives data supports this upward trajectory: open interest rose 13% to $1.05 billion, while daily trading volume increased 46% to $1.93 billion. Despite an RSI above 82 indicating overbought conditions, the MACD indicator and rising derivatives activity suggest continued strength [3].

BlockDAG’s X1 and X10 mining combo offers a unique value proposition by democratizing access to high-yield mining. The X10 rig’s Bluetooth connectivity to the X1 app simplifies operations for users, eliminating technical barriers to entry. With the presale’s final batches priced at $0.0016 (valid until August 11), investors are incentivized to act quickly. The impending availability of the “NO VESTING PASS,” which grants immediate access to BDAG holdings without lockups, further enhances the platform’s appeal [2]. Analysts note that the combination of exponential mining rewards, a low entry price, and instant liquidity sets BlockDAG apart in a competitive market [4].

Market dynamics suggest that PENGU and LINK remain attractive in the short term, but BlockDAG’s structural advantages could drive long-term adoption. While PENGU’s technical indicators hint at a possible consolidation phase, LINK’s robust derivatives activity and technical support levels reinforce its upward potential. However, BlockDAG’s X10 demonstration and presale momentum create a compelling case for investors seeking high ROI opportunities. The platform’s ability to scale mining efficiency and user engagement, coupled with a presale capitalizing on speculative demand, underscores its disruptive potential in the crypto ecosystem [5].

Source:

[1] [BlockDAG’s X1 and X10 Miner Demo Unlocks Massive Earnings Secret! PENGU Rallies & LINK Price Surges] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6b/]

[2] [BlockDAG’s X1-X10 Mining Combo Delivers 10x Gains and Instant Access] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6b/]

[3] [Chainlink (LINK) Price Target Points to Further Upside] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6b/]

[4] [Pudgy Penguins (PENGU) Price Rally Confirms Breakout Strength] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6b/]

[5] [Which Option Is the Best Crypto to Buy Today?] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6b/]