Toncoin, Shiba Inu, and BlockDAG Have Become the Top Trending Cryptos Today

Toncoin has seen a 14.1% decline, and with ongoing selling pressure at play, the Toncoin (TON) market analysis points to a bearish outlook.

Toncoin has seen a 14.1% decline, and with ongoing selling pressure at play, the latest Toncoin (TON) market analysis from Chain Station shows a bearish outlook.

On the other hand, there’s growing speculation that the UAE might launch a Shiba Inu (SHIB) crypto reserve, which could give the coin a big boost and even inspire other nations to follow suit.

But the hottest crypto news right now comes from BlockDAG (BDAG), which just saw a massive $3.8 million whale transaction. This growing interest from heavy hitters, along with 10 upcoming CEX listings and an impressive progress report, has positioned the network for major growth.

In fact, analysts predict that BDAG will hit a $1 valuation this year, potentially delivering a 3932% ROI in the months ahead!

Toncoin (TON) Market Analysis: Bearish Trend at Play

The latest TON market analysis shows a 4.2% decrease in the last 24 hours, with Toncoin currently trading at $2.57. Its market cap is around $6.36 billion, ranking it 25th among cryptocurrencies.

The key resistance level is $4.00, while support is at $2.468.

Looking ahead, the Toncoin market analysis indicates continued selling pressure, with the Relative Strength Index (RSI) and MACD suggesting bearish momentum, and most moving averages signaling a “Sell” signal.

If the bulls can push the price above the triple resistance at $4.00, then perhaps a reversal could occur. However, if the bears maintain control and break below the crucial support at $2.468, then further declines in the Toncoin market are likely.

SHIB News: UAE to Launch Shiba Inu Crypto Reserve?

Del Crxpto, a well-known crypto expert, predicts that the UAE government will soon launch a Shiba Inu (SHIB) crypto reserve. This follows the U.S.’s recent establishment of crypto reserves for Bitcoin and altcoins.

The UAE has already shown interest in Shiba Inu by collaborating with the project to use its ShibOS Web3 technology for better governance.

If the UAE does introduce a Shiba Inu crypto reserve, it could boost the coin’s value immensely. The move could also inspire other nations to explore crypto reserves, positioning the UAE as a global leader in crypto innovation.

Shiba Inu News: Awaiting Developments

Shiba Inu price showed a slight increase of 0.48% in the last 24 hours, trading at $0.07146 at press time.

Despite the recent setback with the cancellation of the Shib Metaverse project, Shiba Inu has been busy exploring other avenues.

Earlier this week, the project announced a partnership with Web3 cybersecurity firm, AnChain.AI, to integrate its anti-scam technology into the Shiba Inu ecosystem.

Shiba Inu is also making progress on its layer-2 scaling solution, Shibarium, which is expected to launch later this year.

With several interesting developments in the works, it will be interesting to see how the price of SHIB reacts to the news of the UAE’s potential Shiba Inu crypto reserve.

BlockDAG’s Listings & Launch Scheduled for 2025—Whale Activity Peaks

The world of cryptocurrency is no stranger to surprising trends, and recently, there’s been a surge in interest from whales—those who hold massive amounts of tokens—in the BlockDAG (BDAG) network.

This is evident in a recent transaction on AscendEX, where a staggering $3,608,633 worth of BDAG tokens were sold.

Now, whales aren’t exactly known for making impulsive decisions. Usually, their large transactions are part of a bigger plan, focusing on projects with major upside potential.

So, what’s driving this sudden activity from heavy hitters in the crypto market?

Well, BlockDAG is quickly becoming a project that these market giants can’t ignore.

The project, which is aiming to create a decentralized ecosystem with smart contracts, tokens, and dApps, has already raised $203,506,344 in its presale—a third of its $600 million goal.

The network is also preparing for 10 centralized exchange (CEX) listings this year, and its mainnet launch is scheduled for 2025.

This growing confidence from both investors and market analysts is also evident in the ارز قدام.

Short-term predictions suggest that BDAG, currently priced at $0.0248 in batch 27, will hit $1 in 2025—offering a potential 3932% return in the coming months.

Long-term predictions look even more impressive, with experts suggesting that the token could