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Analysis of Shiba Inu and AAVE: Current Trends and BlockDAG Opportunities

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by Giorgi Kostiuk

3 days ago


The current cryptocurrency market sees a significant activation of interest in various tokens, including Shiba Inu and AAVE. Meanwhile, BlockDAG's innovative approach in sales is attracting investor attention.

Renewed Interest in Shiba Inu

Shiba Inu (SHIB) token has once again entered the spotlight of investors after a 228% increase in whale activity. Transfers totaling $17 million per day indicate a potential resurgence of trust in the token. Shiba Inu is trading around $0.0000126, yet faces significant resistance at $0.0000140 and $0.0000190.

AAVE's Market Stability

AAVE crypto prices maintain support above key moving averages. The current target is $196, although some resistance is expected at this level. If buyers continue to show strength and the price remains above $180, a move towards $220 or even $240 remains possible. Conversely, if AAVE falls below the $155 mark, the trend may shift.

Innovations in BlockDAG

BlockDAG is implementing a new approach to investment sales through its Buyer Battles competition, where 25 million BDAG tokens are awarded daily. The largest buyer receives all remaining tokens, incentivizing active participation from all buyers. The project has already raised $227.5 million, confirming its high interest.

Current trends in the cryptocurrency market demonstrate activity from both large holders of tokens and innovative approaches such as those in BlockDAG. Investors should monitor these signals to form their predictions.

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