In the rapidly changing cryptocurrency market, while meme coins like Dogecoin and Shiba Inu grab headlines, BlockDAG (BDAG) is also making waves. Recently, Dogecoin recorded a massive $150 million withdrawal, and Shiba Inu is pushing towards a $1 target. Amid these developments, BlockDAG stands out with its remarkable presale achievement
Amidst the cryptocurrency market's rapid shifts, meme coins like Dogecoin and Shiba Inu have grabbed headlines with their price movements. However, BlockDAG (BDAG) is also making waves with its presale achievement.
Dogecoin saw a massive $150 million withdrawal from exchanges, which could indicate a potential price increase. As large amounts of DOGE are being withdrawn from trading platforms, selling pressure may decrease. This shift suggests that traders are opting to hold the meme coin for a longer duration rather than selling it immediately. Such an action could lead to a "volatility squeeze," where the price initially stalls and then rises sharply.
Currently trading at $0.192, Dogecoin's price shows resilience despite a slight decrease from recent highs. It faces immediate resistance at $0.20, and a breakout could lead to higher prices. However, if it retraces, support is found at $0.15 and $0.12. The cryptocurrency continues to be in high demand, as evident by the large trading volumes and major holder transactions, indicating a bullish outlook. Keeping an eye on Dogecoin's market activity could be beneficial for identifying future trading opportunities.
Shiba Inu Coin (SHIB) price movements remain a hot topic of discussion in the crypto sphere, especially regarding its potential to hit $1 by 2024. As interest in meme coins persists during this bullish phase, SHIB's price is currently at $0.00001882, sparking debates over its future price trajectory.
Shiba Inu has evolved beyond its meme coin origins, notably by developing its own decentralized exchange (DEX) called ShibaSwap and advancing an L2 blockchain to reduce transaction costs and enhance speed. Despite these advancements, reaching a $1 valuation poses a significant challenge. With a circulating supply of 589 trillion SHIB, the meme coin would need an astronomical market cap to hit this target. However, strategic burns and enhancements in the coin's utility could contribute to its price appreciation.
BlockDAG shifted the focus worldwide by securing an impressive $122 million in its presale, indicating a robust market interest in the digital asset. As rumors of its potential listing on exchanges grow, so does the excitement for BlockDAG. With its price skyrocketing by 2240% and reaching $0.0234, the performance of BlockDAG attests to the high demand for the coin.
Over 15.4 billion coins have been acquired by eager buyers, setting the stage for a promising future for this digital asset. In an exciting move, BlockDAG is offering a 100% bonus on BDAG purchases made using the promo code BULLRUN100. This promotion aligns with the upbeat trends in Bitcoin's market, suggesting that new market highs could be on the horizon.
Following a highly successful earlier promotional campaign, BlockDAG continues to build its presence with steady achievements and appealing offers, establishing itself as a noteworthy contender in the crypto arena.
