Solana’s price prediction suggests potential upward movements, while Shiba Inu’s burn rate has surged by 233%, reflecting growing community involvement. Meanwhile, renowned crypto influencer Oscar Ramos has spotlighted BlockDAG‘s potential, likening it to an improved version of Helium mining. As BlockDAG’s presale advances, raising $46.8 million by Batch 17, the project is clearly poised to be the next big player in the crypto market.
Solana’s Potential Bullish Breakout Despite Bearish Trends
It has been difficult for Solana (SOL) to hold onto its position above the critical resistance level of $180. Despite a 70% increase in trading volume, the price remains stagnant, reflecting a bearish trend. Currently, SOL is trading at $164.79.
The Simple Moving Average (SMA) serves as resistance, and the Relative Strength Index (RSI) indicates a possible bullish crossover. Technical indicators are giving conflicting signals. If the bulls manage to sustain the support zone, SOL might test the $180 resistance level, potentially pushing towards $204. However, failure to regain momentum could see SOL dipping to $155 or even $126 in the coming weeks.
Shiba Inu’s Burn Rate Surge and Market Implications
Shiba Inu (SHIB) has recently experienced a significant increase in its burn rate, spiking by 233% following a crucial Shibarium network upgrade. This upgrade reduced the bridging time from seven days to just 45 minutes, sparking optimism in the SHIB community.
In the past 24 hours, over 4.796 million SHIB tokens were burned, marking a considerable increase. This follows Vitalik Buterin’s historic burn, where he incinerated 410 trillion SHIB tokens three years ago. The increased burn rate and Shibarium’s efficiency improvements have set the stage for potential price movements, with the community eyeing a target of $0.000145.
BlockDAG’s Potential & Influencer Endorsements Boosting Presale
BlockDAG has caught the attention of investors, thanks in part to the strong endorsement by various crypto influencers. Recently, well-known crypto influencer Oscar Ramos praised BlockDAG’s innovative approach in his latest video, comparing it to the early days of Helium mining but with greater potential. “BlockDAG reminds me of my experience with Helium mining, but it’s even better. Ramos stated that they’ve invested heavily in marketing and advertising, evident from their organised approach and robust community support,” Ramos stated.
The endorsement has led to a rapid surge in BlockDAG’s presale, with the project raising $46.8 million by Batch 17, priced at $0.011 per BDAG coin. The presale began at $0.001 in Batch 1 and has seen a 1000% price surge up to Batch 17. As Batch 18 approaches, priced at $0.0122, anticipation is high for even greater returns. Investors are particularly excited about BlockDAG’s potential to reach $1 by 2024 and possibly $30 by 2030, as predicted by analysts, offering massive returns to early backers.
The Future of BlockDAG and Investor Opportunities
As Ramos mentioned in his video, BlockDAG’s unique approach combines cutting-edge proof-of-work technology with everyday applications, promising high security and decentralisation. He further highlights that the project’s roadmap, impressive marketing efforts, and strategic partnerships with industry giants have bolstered investor confidence in this outstanding project.
As the presale advances, with over 11.2 billion BDAG coins sold and $46.8 million raised, early investors are poised to benefit significantly from the project’s growth trajectory. Ramos and other crypto influencers’ endorsements and the project’s innovative approach create a compelling case for potential investors to join the presale early and secure their stake in what could be the next big thing in cryptocurrency.
Final Thoughts
Supported by strong influencer endorsements and a robust presale performance, BlockDAG stands out as a formidable contender. As Solana faces potential bullish movements and Shiba Inu’s burn rate increases, BlockDAG’s innovative approach and strategic partnerships position it for significant growth. The presale’s success, raising $46.8 million, reflects investor confidence in BlockDAG’s potential. For those looking for the next crypto to explode, now is the time to explore and invest in BlockDAG’s presale.
Invest in the BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
