The market is experiencing a sell-off, with long trades in Dogecoin (DOGE) futures liquidated for $60 million. The price of Bonk has also dropped by 19% in a week.
Meanwhile, BlockDAG (BDAG) is making rapid progress. Keynote 1 was released at the Shibuya Crossing in Tokyo, and the popularity and pre-sale price of the X1 mobile mining application has exceeded $53.5 million. BlockDAG, with its low-code, no-code platform for developing utility tokens, meme coins, and NFTs, is set to become a major player in the cryptocurrency market.
The price of Bonk has dropped amid market volatility
Bonk (Bonk) is an early meme coin of Solana, and enthusiasm for it has waned before its return in 2023. Despite a 7.5% increase in the past month, the price of Bonk has dropped by 19% in a week, causing a nearly 1% drop in the cryptocurrency market and a 4% price drop.
BONK has shown significant growth over the past year, demonstrating resilience and growth potential. The meme coin aims to restore liquidity to Solana, as evidenced by the 2022 airdrop to the Solana community. With a healthy trading volume of $300 million and a potential market recovery, BONK is expected to rebound and may reach $0.000030 within a few weeks and $0.00005 before the end of the year.
Dogecoin futures face significant losses in a bear market
In the past 24 hours, over $400 million worth of cryptocurrency long trades have been liquidated, with the Dogecoin price dropping over 10%. Dogecoin futures long trades have been liquidated for $60 million, which exceeds the $47 million losses of Bitcoin futures.
The CoinDesk 20 index has dropped 3.4%, reflecting broader market sell-offs and bearish sentiment. Dogecoin futures face the highest liquidation activity since May 2021, with Huobi’s liquidation amounting to $44 million. Overall, due to profit-taking and a strong dollar, the market is facing a sell-off, resulting in a significant drop in Dogecoin futures.
BlockDAG’s X1 mining app and the low-code revolution unlock profits
BlockDAG’s X1 mobile mining application turns smartphones into powerful mining devices, revolutionizing mobile mining. The app can be used on Android and Apple platforms, with energy-saving algorithms to preserve battery life and data for efficient mining.
Users can mine up to 20 BDAG coins per day, valued at $1 each at the issuance price of $0.05 per coin. When the coin value reaches $1, daily income will increase to $20, and when it reaches $10, users can earn $200 per day. The app also features a referral system and daily participation rewards, enhancing user accessibility and rewards. It is currently one of the best cryptocurrency mining apps.
BlockDAG’s global tour began with a themed video display at the Shibuya Crossing in Tokyo, offering detailed insights into its project, such as integration with DeFi platforms like Bitget and CoinEx. This strategic marketing move has increased awareness and raised the pre-sale amount to over $53.5 million as of the 18th batch.
BlockDAG’s low-code, no-code platform is revolutionizing the creation of smart contracts, making them accessible for developing utility tokens, meme coins, and NFTs. The platform allows users to create, manage, and deploy applications through a drag-and-drop interface, eliminating the need for extensive coding knowledge.
This democratizes the development process, empowering more creators to innovate and potentially giving rise to the next big meme coin.
Key insights
The broader market sell-off has had a significant impact on Dogecoin (DOGE) futures and Bonk, with substantial liquidations and price drops. In contrast, BlockDAG (BDAG) is making significant progress. The successful release of Keynote 1 at the Shibuya Crossing in Tokyo and the innovative X1 mobile mining application have raised its popularity and pre-sale price to over $53.5 million. Additionally, the low-code, no-code platform enables users to develop the next big meme coin.
Invest in BlockDAG pre-sale now:
Pre-sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu