January 2024 brought new hope to the altcoin community as Bitcoin (BTC) maintained its influence on the market. With the Bitcoin halving event scheduled to take place in the second quarter of 2024, Bitcoin miners have also jumped in efforts to secure more BTC.
With the cryptocurrency market expected to boom in the aftermath of this incident, analysts predict that the Bitcoin price will reach $125,000. furthermore, BlockDAG (BDAG) The pre-sale reached $1 million in 24 hours and launched the X-Series mining rig, which allows cryptocurrency miners to earn BDAG daily based on their preferences.
Bitcoin Eyes $50K Mark
Bitcoin is back in the market with a bang. Surprisingly as we enter the new year, BTC surpasses $45,000 as soon as we enter 2024. The approval of a spot Bitcoin ETF has further fueled expectations that BTC will reach $50,000. Additionally, Bitcoin funding rates continue to rise, suggesting that cryptocurrency miners have strong bullish hopes and are anticipating the imminent approval of Bitcoin ETFs.
Bitcoin dominance indicator decreases to 50.3%. This means that altcoin season is approaching and the overall cryptocurrency market is rising. The effect will likely weigh on future markets, pushing the price of Bitcoin closer to $50,000. According to predictions, BTC will cross 50,000 within the first month of 2024.
Why is Bitcoin mining booming?
With the Bitcoin halving event taking place in April 2024, Bitcoin ETF approval appears to have already passed. Bitcoin miners saw an increase in activity as 2024 began. Bitcoin mining companies have been seen limiting BTC supply as the halving event approaches. Lessons learned from the past show that these events always lead to a rise in the price of Bitcoin, creating a shortage of supply in the cryptocurrency market.
The 2020, 2016, and 2012 halving cycles produced average returns of over 192%. At the same time, cryptocurrency enthusiasts predict that Bitcoin will reach its final goal of $125,000. Bitcoin miners are taking advantage of the opportunity to earn as many BTC rewards as possible and profit from the future of the cryptocurrency giant.
BlockDAG Coin launches high-performance mining machine
BlockDAG has given cryptocurrency miners the opportunity to profit from the latest mining hardware after securing $1 million in presales in just 24 hours. The introduction of mining rigs is in line with the BlockDAG developers’ vision to achieve $600 million in 2024.
X-Series allows users to earn BDAG daily based on their preferences, making it a popular altcoin choice. The most basic version, the X1, will get users 125 BDAG, while the highest performing device will get users 75,000 BDAG.
In addition to devices, BlockDAG provides users with dedicated support for each X Series model. Each BlockDAG mining hardware is designed to be energy efficient and quiet, providing better performance in all environments.
The user-friendly interface makes BDAG mining rigs a must-have option for miners. BlockDAG also offers a daily participation rewards program where users can contribute to the network every day and earn additional mining percentages.
finish
Bitcoin miners have accelerated Bitcoin mining with the Bitcoin halving event scheduled for the second quarter of 2024. Analysts predict BTC will hit $125,000 as the event progresses. Learning from the past, the rise in Bitcoin price will open new doors for altcoin investors. BlockDAG, a rising name in the cryptocurrency world, has launched its X-Series mining rig, enabling cryptocurrency miners to earn from 125 BDAG to 75,000 BDAG per day.
Invest in BlockDAG and cash in on your X Series potential
pre-sale: https://purchase.blockdag.network
Website: https://blockdag.network
telegram: https://t.me/blockDAGnetwork
Dissension: https://discord.gg/Q7BxghMVyu
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