BlockDAG’s Second Viral Keynote Ignites Investor Fervor: Hits $40.8M Presale Mark Amid Ethereum Price Decline and BNB Chain Updates

BlockDAG's Second Viral Keynote Ignites Investor Fervor: Hits $40.8M Presale Mark Amid Ethereum Price Decline and BNB Chain Updates

BlockDAG’s Keynote 2 Sparks Investor Excitement

BlockDAG’s Keynote 2 is making waves with its cutting-edge Detailed Acyclic Graph (DAG) technology and the highly anticipated X1 app launch. Amidst the Ethereum price dip and the recent BNB Chain security breach, BlockDAG’s advancements are capturing significant investor interest. The updated 2024 roadmap includes key milestones like EVM compatibility and the Mainnet launch in September. With the presale raising $40.8 million by selling over 10.6 billion BDAG coins, BlockDAG stands out as the best crypto presale in 2024.

Ethereum Dips Further: Will the Slide Stop?

Ethereum has extended its decline, moving below the $3,800 support zone. This downturn followed a failure to stay above the $3,880 resistance level, leading to a short-term bearish trend. Ethereum trades just above $3,800, with the 100-hourly Simple Moving Average acting as a critical resistance point.

  • A key bearish trend line is forming, and should ETH fail to clear the $3,800 resistance, it could continue to move down.
  • Immediate support lies at $3,720, with further potential declines pushing the price toward $3,550.
  • Despite this, any significant recovery above $3,800 could see Ethereum aiming for higher resistance levels at $3,900 and $4,000.

BNB Chain Hacked for $80K?

BNB Chain recently faced a hacker attack resulting in an $80,000 Bitcoin loss. Blockchain security firm Cyvers identified the breach, suggesting the hacker might be an ethical one aiming to test the network’s vulnerabilities. The funds used were anonymised through Tornado Cash, highlighting ongoing security challenges.

This incident follows a larger hack on Gala Games, raising concerns about the security of blockchain networks. As investigations continue, the focus remains on enhancing security protocols to prevent future breaches. The consecutive hacks have increased tension within the crypto community, emphasising the need for robust security measures.

BlockDAG’s Keynote 2: X10 Miners & Roadmap Update

BlockDAG’s Keynote 2 introduced significant advancements, particularly the Detailed Acyclic Graph (DAG) technology. This innovation enhances transaction throughput and confirmation times by efficiently handling concurrent operations and integrating Proof-Of-Work (PoW) with DAG structures. The X1 app is now available in beta version on Android and Apple platforms.

  • The keynote video says that BlockDAG is market-testing the X10 miners by releasing them to key crypto influencers, with unboxing and reviews expected online shortly.
  • Concurrently, the team is refining the Blockchain Explorer component, focusing on implementing the blockchain infrastructure.

The current achievements include Blocks and Transactions functionality with BlockDAG Nodes, Smart Contract Transactions, Token Page, and Asset Balances.

BlockDAG’s 2024 Roadmap

BlockDAG’s 2024 roadmap focuses on blockchain development, enhancing the BlockDAG Scan (Explorer), and refining the X1 Miner Application. Key milestones include P2P engine development, EVM compatibility, Metamask integration, Devnet, and Testnet launches, with the Mainnet launch slated for September. This comprehensive plan ensures a robust and secure blockchain infrastructure.

Presale Success and Progress

BlockDAG’s presale progress has been remarkably successful, with batches progressing rapidly. Starting at Batch 1 priced at $0.001, it has reached Batch 16, priced at $0.0095. This presale has raised $40.8 million by selling over 10.6 billion BDAG coins, reflecting the market’s enthusiasm. Additionally, BlockDAG has collected $3 million from miner sales, selling over 6,800 miners.

Final Thoughts

BlockDAG’s innovative approach with DAG technology and the promising X1 app has captivated investors, driving presale success even as Ethereum faces price challenges and BNB Chain addresses security concerns. The comprehensive 2024 roadmap, featuring crucial developments and the upcoming Mainnet launch, further boosts confidence. With presale batches progressing rapidly and now at Batch 16 priced at $0.0095, BlockDAG is set to redefine blockchain technology, making it the standout choice for the best crypto presale of 2024.

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