BNB Surges 11%, Solana DEXs Gains, BlockDAG Coin Releases New Line of Mining Machines for Profitable Crypto Mining
The crypto business is finally turning the corner. Even if the SEC’s actions have caused a decline in the value of many cryptocurrencies, coins like Binance Coin (BNB) and Solana (SOL) are starting to get attention; Solana, in particular, can dethrone Ethereum.
In other news, a range of mining equipment for the new proof-of-work coin BlockDAG (BDAG) is prepared for release. Watch for the X-Series miners, which can be used for profitable cryptocurrency mining.
BlockDAG Coin Crypto Mining
Binance Coin Reaches Six-Month High
Binance Coin has surged by 11% as of late, reaching a six-month high of $318. Outperforming the broader crypto market, the rally closed the market gap with Solana. BNB was previously the third-largest coin, but SOL’s gains pushed it to the fourth spot.
The key question is whether BNB can maintain a market cap above $48 billion to reclaim its third position. There are concerns regarding transparency and ownership concentration, but the Binance exchange supports BNB’s value.
Solana DEX’s Liquidity Grows Tenfold
According to Dune Analytics, Solana’s decentralised exchanges (DEXs) are experiencing a surge in activity, with liquidity growing tenfold since October 17 2023. The DEX volume in December has nearly tripled on Solana compared to the previous monthly high in November.
Solana is closing the gap with Ethereum in DeFi volume. Airdrops from Solana DeFi protocols Pyth and Jito have contributed to the increased activity, and some compare airdrops to DeFi stimulus checks. Challenges such as Sybil abuse (users posing as multiple entities) have been addressed with anti-sybil measures, and Solana’s trading volume is routed through the Jupiter aggregator.
BlockDAG Coin’s Innovative Mining Machines on the Horizon
The upcoming proof-of-work project, BlockDAG, has some exciting news for the crypto-mining community. As a coin that integrates principles from Bitcoin and Kaspa, it plans to launch its mainnet within six months and offer profitable crypto mining.
BlockDAG seriously has the potential to be the top crypto to invest in 2024, especially since it has already raised $1 million in 24 hours in its presale and has a line of crypto mining rigs to offer miners. These machines can yield up to 25,000 BDAG coins daily, with the X1 and X10 machines being small enough to fit in your pocket or purse. BlockDAG has a total cap supply of 50 billion coins and is still in its presale batch, so grab some coins before it’s too late.
What is the Top Crypto to Invest In?
BNB and Solana have had a great year. Binance Coin may have been knocked from its place by SOL, but its 11% surge proves it can reclaim its position by continuing to sustain the momentum of the Binance Ecosystem. Solana can potentially be the Ethereum killer crypto enthusiasts have talked about for years.
BlockDAG specifically could be the next crypto to explode in 2024, bringing energy-efficient ASIC miners to the table and being inspired by classic proof-of-work coins like Bitcoin.