BlockDAG’s 2.5M X1 Miners Building the Real Edge

Cardano is pushing toward a long-awaited breakout, Chainlink is attracting whale attention with billions in new activity, and BlockDAG is reshaping crypto mining and community growth.

This article examines three cryptocurrency projects: Cardano, Chainlink, and BlockDAG. Each project is discussed in terms of its technology, market activity, and development progress.

Cardano’s $1 Target: Bulls Gear Up for the Breakout

Cardano (ADA) trades near $0.87, up more than 4%, as momentum builds across the wider market. Futures Open Interest climbed to $1.43 billion from $1.2 billion on August 3, reflecting rising retail and speculative demand. This followed July’s move to $0.93, when OI hit $1.74 billion before a round of profit-taking.

In the last 24 hours, $3.35 million in positions were liquidated, with $2.4 million coming from shorts, reinforcing bullish sentiment. ADA still faces resistance from a descending trendline traced back to December’s $1.32 peak, but a clean break could open the way to $1.00.

Technical signals remain positive, with a fresh MACD buy trigger and multiple Golden Crosses, including the 50-day EMA crossing above both the 100-day and 200-day EMAs. The 100-day EMA also moved above the 200-day in early August, adding support to the risk-on setup. If profit-taking cuts momentum, strong support lies at $0.74, $0.72, and $0.71.

Chainlink’s Whale Buying Spree & Institutional Push

Chainlink (LINK) has surged over 30% this week, now trading at $23.50 after a 9% daily rise, with $1.35 billion in daily trading volume. Whale activity is clear, including a 510,000 LINK ($11.13M) transfer from Binance to Compound, along with other large-scale purchases totaling $13 million. Daily active addresses climbed from 5,500 to 9,410, showing growing interest from both whales and retail participants.

Institutional involvement is also climbing, with partners like Fidelity, Swift, DTCC, Citi, JPMorgan, and BNP Paribas framing Chainlink as a central piece of Web3 infrastructure. Chainlink Reserve introduces fiat-linked payments to the broader ecosystem, driving DEX activity to $1.298 billion in 24 hours.

From a technical view, LINK broke out after retesting $18, and if it stays above $24, it could aim for $30. Analyst Posty describes LINK as “too cheap” and sees potential for a $100 level, which would lift market cap from $15 billion to $100 billion.

BlockDAG’s 2.5M X1 Miners, Building the Real Edge

While ADA and LINK chase immediate price targets, BlockDAG is constructing a longer-term framework that could set it apart. The project’s presale has already raised over $376 million, with BDAG priced at $0.0276 in Batch 29.

At the center of BlockDAG’s expansion are 2.5 million X1 mobile miners, allowing daily mining without expensive setups. This ecosystem is supported by the X10 miner, showcased live on July 23, which demonstrated seamless integration between mobile and hardware mining. Capable of producing up to 200 BDAG daily, ten times more than the X1, the X10 combines accessibility for newcomers with higher-scale capacity for advanced users.

Beyond its mining system, BlockDAG is forging partnerships with the Seattle Orcas and Seattle Seawolves. These collaborations bring NFTs, fan-focused tokens, and exclusive digital experiences, introducing the project to sports fans and extending its reach into mainstream culture.

Technologically, BlockDAG’s hybrid blockchain and DAG architecture enables transaction throughput of 2,000 to 15,000 per second, while EVM compatibility ensures strong support for smart contracts and dApps.

Final Thoughts

In conclusion, these three projects represent different stages of development and value propositions in the crypto market. Cardano and Chainlink, as established players, are defined by their ongoing market activity, with Cardano showing technical signs of a bullish breakout and Chainlink demonstrating institutional traction and strong on-chain engagement. BlockDAG, in contrast, is an emerging presale project focused on building a scalable hybrid infrastructure and a robust mining community. Its strategy centers on long-term growth and utility, differentiating itself from the immediate market movements that characterize the other two projects.