Analysis of BlockDAG’s $51.4M Presale, Ripple (XRP) Price, & Cosmos Upgrade

Ripple (XRP), despite its regulatory approval, remains undervalued below $0.5, frustrating its supporters. Cosmos recently faced a nearly four-hour outage during its v17 upgrade, highlighting some challenges. However, BlockDAG is setting new standards in the crypto space. 

With the launch of its Beta X1 Miner App, BlockDAG revolutionizes smartphone mining, offering an energy-efficient and user-friendly solution for BDAG coin mining. This app, available on both iOS and Android, enables seamless mining anytime, anywhere. BlockDAG’s presale has already raised $51.4 million, demonstrating strong market confidence and achieving an 1120% price increase from Batch 1. 

Why Isn’t XRP Price Soaring?

Ripple CEO Brad Garlinghouse is frustrated with XRP’s undervaluation, despite its clear regulatory approval in the U.S. XRP’s value remains below $0.5, sparking negative sentiments and some calling it a “dead coin.”

XRP enjoyed a brief surge to $0.93 after a court ruled it was not security in July 2023. However, its value has since plummeted by 50%, even after being relisted on major U.S. exchanges and included in Grayscale’s investment products. Garlinghouse finds it puzzling that the market hasn’t rewarded XRP’s regulatory clarity.

Pro-XRP analyst BarriC believes that real excitement will begin when XRP hits $5, potentially skyrocketing to $1,000 as its utility in payments and tokenization becomes clear. 

Cosmos Hub Faces Downtime During v17 Upgrade

On June 5, the Cosmos Hub blockchain network experienced an unexpected nearly four-hour outage due to a technical issue detected during the implementation of the v17 update. This interruption affected block production, which is crucial for its proof-of-stake (PoS) consensus mechanism and goal of connecting multiple blockchains within its ecosystem.

The issue stemmed from a vulnerability in the Liquid Staking Module (LSM), a key component of the update. Fortunately, the Cosmos development team, alongside Informal Systems and Hypha, swiftly identified the bug and developed a patch. Block production resumed only after most validators implemented the fix to ensure network safety.

BlockDAG’s X1 Miner App Revolutionizes Smartphone Mining, Surpasses $51.4M Presale

BlockDAG has significantly boosted market confidence with the launch of the Beta version of its X1 Miner App, transforming smartphone mining for BDAG coins into a highly efficient process. The app’s advanced and energy-efficient consensus algorithm ensures that mining does not drain your battery or consume excessive data. By integrating proof of engagement into everyday devices, BlockDAG has made mining more accessible and convenient, allowing users to mine anytime, anywhere.

The Beta version of the X1 Miner App is available for both iOS and Android users. iOS users can globally access the app through TestFlight, while Android users can download it directly from the Google Play Store. The BlockDAG team will keep users updated via email as the app progresses towards full development and availability in app stores.

Additionally, BlockDAG offers a cloud mining service, allowing users to mine without needing physical hardware by leveraging remote data centers. This hassle-free option offers flexible contracts tailored to user preferences.

These innovative solutions have significantly driven BlockDAG’s presale, now in Batch 18, with the coin price at $0.0122, representing a 1120% increase from Batch 1. With its cutting-edge services, BlockDAG ensures easy access and significant potential for investors and crypto enthusiasts.

Takeaway 

While Ripple and Cosmos offer potential, BlockDAG’s innovative approach sets it apart as the top investment choice. The X1 Miner App transforms smartphone mining into an accessible and efficient process, appealing to both new and experienced users. The substantial success of BlockDAG’s presale, now in Batch 18 with significant price gains, underscores its market appeal and investor confidence. BlockDAG’s focus on user-friendly and energy-efficient mining solutions positions it as a leader in the crypto space. 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: This is a paid post and should not be treated as news/advice.