BlockDAG (BDAG) Captures Attention as Its Beta Testnet V1 Launches, Raising Over $210.5 Million in Presale

As PI coin continues to decrease, losing 12% amidst ongoing delays in achieving crucial milestones for the Pi Network, it fuels uncertainty.

PI coin price lost 12% to trade at $0.81. It is down 28% over the past week as the mainnet deployment from the Pi Network continues to be delayed.

Also, there are no updates on when PI coin will be listed on exchanges.

However, there are increasing calls for more transparency from the network’s leading team who have been largely silent throughout, further adding to the market’s nerves.

Some analysts believe the price could fall further to $0.60, but others are more optimistic and see the price recovering if there are some positive announcements.

At the same time, SHIB price is becoming more bullish after a major breakout.

Shiba Inu (SHIB) price showed strength today as it rose 12% in 24 hours and broke out of a major resistance level. The cryptocurrency’s price outlook is becoming more optimistic after a significant rally.

Shiba Inu is now up 228% from the lows hit in December 2022, and the price is showing no signs of slowing down.

Shiba Inu (SHIB) price is showing strength today as it rose 12% to trade at $0.00001. The cryptocurrency is also showing signs of an optimistic price outlook after a significant rally.

Shiba Inu is now up 228% from the lows hit in December 2022, and the price is showing no signs of slowing down.

The volume of SHIB traded in the past 24 hours has also increased massively. This is a good indication that the price could move even further in the same direction.

Shiba Inu is currently ranked 15th on CoinGecko.

Shiba Inu Outlook Becomes More Positive

The price of Shiba Inu has become more bullish in recent times. The cryptocurrency is now trading above a major resistance level, which could lead to a potential rally that will multiply the value of SHIB.

Earlier this week, the price of Shiba Inu broke out of a cup-and-handle pattern, which is a bullish technical pattern that suggests the price of a cryptocurrency could rise significantly.

The price of Shiba Inu is also showing signs of strength on the lower timeframes. The cryptocurrency has managed to stay above key levels of support.

Furthermore, the market trend of Shiba Inu is becoming more bullish. The ratio of long-to-short investments in Shiba Inu is increasing, which is a sign that more investors are becoming bullish on the cryptocurrency.

Shiba Inu is also showing signs of constant accumulation. A recent report by Glassnode showed that there has been a huge increase in the number of Shiba Inu coins held in wallets with at least 10,000 to 100,000 SHIB.

Shiba Inu’s Relative Strength Index (RSI) is now approaching the overbought levels without going over.

What Next For Shiba Inu Price

The price of Shiba Inu could continue to rise if the bulls manage to push the price higher. The next level of resistance for the cryptocurrency is at $0.00002.

However, the RSI is now getting close to the overbought levels, which could lead to a period of consolidation or even a small pullback.

Shiba Inu’s price outlook will also depend on the broader market trends. If the crypto market continues its recovery in 2024, then we could see the price of Shiba Inu move even higher.

Shiba Inu is currently in a strong uptrend, and the outlook for the cryptocurrency remains optimistic.

BlockDAG’s Third Keynote Announces Beta Testnet V1 Launch

This week has seen some major updates from BlockDAG (BDAG), with the third keynote focusing on the launch of Beta Testnet V1.

This latest development will bring even faster transaction speeds and improved functionalities of the explorer, along with the introduction of a groundbreaking no-code Token and NFT Wizard. This user-friendly tool will simplify the process for developers and creators to participate in the platform.

Announcing the launch, CEO Antony Turner said: “We are excited to announce the official launch of our first Beta Testnet, which is a major step forward in terms of transaction speeds, explorer functionality, and distributed applications.”

This introduction is a significant milestone, especially considering it’s just the third keynote.

Highlighting the enormity of the moment, the Beta Testnet V1 launch marks a pivotal point in BlockDAG’s journey.

It sets the stage for the next phase of development, which will see BlockDAG expand its presence with listings on up to ten central exchanges—some of which are top-tier platforms.

This strategy positions the Beta Testnet not only as a technical upgrade but also as a critical step in building BlockDAG’s infrastructure and community foundation.

The launch is a clear indicator of BlockDAG’s intent to scale up operations significantly.

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