LINK Drops to $13, BNB ETF Sparks Interest, BlockDAG’s X1 App Crosses 1M Users

4 mins mins

BlockDAG’s X1 Miner Hits 1M Users While Chainlink Struggles & BNB ETF Gains Market Attention

What if the quietest asset in your portfolio ends up outperforming the rest? The Chainlink (LINK) price continues to face resistance below $15 while whale interest cools, and VanEck’s BNB ETF filing brings fresh volume to Binance Coin. But in the background, a different project is quietly gaining traction: BlockDAG (BDAG).

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BlockDAG just reached over one million users on its mobile mining app, X1, and its presale remains live at a special price of just $0.0019 per BDAG. What’s notable is that users are already earning BDAG coins through the app ahead of its upcoming launch, where prices are set to hit $0.05 or more. The opportunity is time-sensitive. With thousands mining daily, this could be the kind of early advantage many buyers are looking for. Could BlockDAG be the next big crypto?

BlockDAG X1 App Empowers Users to Accumulate BDAG Before Launch

BlockDAG’s X1 mining app has now crossed 1 million users, highlighting its appeal. While traditional mining demands costly setups, the X1 app allows users to earn BDAG passively using their smartphones. The app runs smoothly on both Android and iOS and requires no technical knowledge. For many, it’s the simplest way to build a crypto position ahead of launch.

Currently, BDAG’s price is temporarily slashed to $0.0019, but this special price is only available until May 13. After this, the coin price will rise to the original Batch 28 price of $0.0262. So far, more than 19.9 billion coins have been sold, and the presale has brought in $231.5 million. BlockDAG also offers daily rewards through its Buyer Battles and a 25% referral bonus to further boost returns.

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Its technical foundation uses a hybrid model, combining Proof-of-Work and DAG structure to ensure fast and low-cost transactions. With audits completed by CertiK and Halborn, the project has proven its reliability. BlockDAG’s partnerships with Inter Milan and UFC champion Alex Pereira are helping it reach wider audiences, and the X1 app has become the entry point for thousands of new users daily.

For those wondering about the next big crypto, BlockDAG offers a compelling case. Listings are approaching, and mining rewards are still active. If adoption continues at this pace, BDAG might be one to watch closely before its price rises.

Chainlink (LINK) Price Struggles to Break $15 Barrier

The Chainlink (LINK) price continues to face pressure, trading between $13 and $15, with resistance at $15 proving difficult to overcome. Following a 3.55% drop, LINK was priced at $13.64 as of May 5, 2023. Long positions worth over $2.2 million were liquidated in late April, and whale transactions have significantly dropped, from $98.64 million on April 28 to only $21.12 million by May 3.

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The LINK chart continues to show a bearish pattern, marked by lower highs and lower lows. If support at $13 fails, analysts caution it could slide to $10.50. Still, 24-hour trading volume has jumped 23.85%, possibly indicating dip-buying behavior. A breakout above $15 could change the tone and drive a push toward $17.50, but the current trend remains cautious due to liquidation pressures.

BNB ETF Filing by VanEck Renews Market Excitement

The market’s attention is shifting back to Binance Coin following VanEck’s filing for a BNB ETF. As of now, BNB is trading around $594.14 after briefly touching $596. This upward movement stands out as most other large-cap coins are holding steady or lagging. Daily trading volume has increased over 14% to reach $1.43 billion, highlighting growing interest tied to the ETF announcement.

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VanEck submitted an S-1 filing with the SEC to propose a spot BNB ETF. If approved, this product could include staking rewards through trusted custodians. The filing is noteworthy as it follows VanEck’s successful launches of Bitcoin and Ethereum ETFs, showing its intention to extend into the altcoin space. Should regulators greenlight it, the ETF could attract institutional flows and potentially push BNB toward $1,000, especially if regulatory sentiment remains favorable under the Trump administration.

Concluding Thoughts

The Chainlink (LINK) price remains stuck under resistance, with falling whale activity and liquidations raising concerns. Meanwhile, Binance Coin has gained renewed interest thanks to VanEck’s BNB ETF filing, which could open up new institutional demand if approved. Both assets are on the market’s radar, but another story is quietly developing.

BlockDAG’s presale has already raised $231.5 million, with BDAG priced at $0.0019 until May 13. Its X1 app, now used by over 1 million people, allows users to mine coins easily and without hardware. For anyone asking what could be the next big crypto, the answer remains loud and clear in BlockDAG’s viral presale.