June 2024 Crypto Investment Guide: BlockDAG’s $52.3M Success, Ripple’s Price Issues, & Cosmos’s Upgrade Setback

Despite gaining regulatory approval, Ripple (XRP) continues to trade under $0.5, disappointing many investors. Meanwhile, Cosmos faced a significant disruption with a nearly four-hour outage during its version 17 upgrade, underlining existing challenges. In contrast, BlockDAG is pushing boundaries in the cryptocurrency world. 

The debut of its Beta X1 Miner App marks a milestone in mobile cryptocurrency mining, offering an energy-efficient and intuitive solution for mining BDAG coins. Available on beta, this app facilitates mining at any time and location. BlockDAG’s presale success, raising $52.3 million, reflects solid market trust and has resulted in an impressive 1120% price rise from its initial batch.

Why is Ripple’s Price Not Climbing?

Ripple CEO Brad Garlinghouse voices his discontent with XRP’s persistent undervaluation despite definitive U.S. regulatory clearance. XRP remains priced below $0.5, leading to negative perceptions and labels of it as a “dead coin.”

Following a court decision in July 2023, which determined XRP was not a security, its price briefly peaked at $0.93. Nonetheless, it has since halved, even after being reinstated on key U.S. exchanges and incorporated into Grayscale’s investment offerings. Garlinghouse is perplexed by the market’s indifference to XRP’s clear regulatory status.

Pro-XRP analyst BarriC anticipates that excitement around XRP will surge once it reaches $5, potentially catapulting to $1,000 as its functionalities in payment systems and tokenization are recognized.

Cosmos Hub Experiences Interruptions During v17 Upgrade

On June 5, the Cosmos Hub network encountered an unexpected downtime of nearly four hours during its v17 upgrade, which affected its block production—an essential element of its proof-of-stake (PoS) consensus mechanism and its ambition to link multiple blockchains.

The disruption originated from a flaw in the Liquid Staking Module (LSM), an integral part of the upgrade. The Cosmos development team, with assistance from Informal Systems and Hypha, quickly pinpointed and corrected the bug, ensuring the network’s stability after most validators applied the fix.

BlockDAG’s X1 Miner App Redefines Mobile Mining, Hits Over $52.3M in Presales

BlockDAG has greatly enhanced investor confidence by releasing the Beta version of its X1 Mobile Miner App, which optimizes BDAG coin mining on smartphones. The app’s sophisticated, energy-conserving consensus algorithm minimizes battery and data usage, making mining more accessible and manageable, allowing for operation anytime, anywhere.

The Beta X1 Miner App is accessible to iOS users worldwide through TestFlight and to Android users via the Google Play Store. BlockDAG ensures regular updates to its users through email as the app moves toward its full commercial release.

Moreover, BlockDAG introduces a cloud mining service, enabling users to mine remotely without physical hardware, with adjustable contracts to meet various user preferences.

These groundbreaking solutions have propelled BlockDAG’s presale to its 18th batch, raising $52.3 million, with the coin price reaching $0.0122—a remarkable 1120% increase since its first batch. BlockDAG continues to offer top-tier services, securing its position as a leading investment opportunity in the crypto market.

Key Takeaways

While Ripple and Cosmos hold potential, BlockDAG’s unique strategies distinguish it as the premier investment choice. The X1 Miner App has revolutionized smartphone mining, appealing to both newcomers and seasoned crypto enthusiasts. BlockDAG’s extensive presale achievements, coupled with notable price advancements, affirm its strong market presence and investor trust. BlockDAG’s commitment to user-friendly and energy-saving mining solutions confirms its leadership in the cryptocurrency sector.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu