The cryptocurrency market shows diverse trends with rising interest in Bittensor and Shiba Inu. While Bittensor demonstrates stability, Shiba Inu attracts attention with new wallet figures.
Bittensor (TAO) Shows Stability
Bittensor (TAO) has maintained its price in the range of $395 to $405 since early June, demonstrating steady market demand. Daily trading volume ranges from $140 million to $142 million. Technical indicators confirm its upward trend, with moving average crossovers and an RSI near 70 pointing to increasing buyer interest.
Shiba Inu (SHIB) Grows Despite Whale Activity Decline
On-chain data for Shiba Inu reveals interesting changes. Despite a 91.5% drop in large transfers, SHIB's price rose from $0.0000129 to $0.0000134, marking a 4.6% gain. The number of wallets holding SHIB has reached a record 1,511,101, reflecting growing support from retail investors. On the Shibarium platform, daily transactions surged by 7,154% over five days.
Potential Impact of BlockDAG's US Sponsorship
Rumors about BlockDAG's US sponsorship could significantly alter the project's course. The partnership aims to position BlockDAG as a well-known brand in mainstream culture. This kind of visibility may foster trust and ensure a long-term leadership role in the cryptocurrency industry.
Bittensor signals positive trends while Shiba Inu attracts attention with rising wallet counts. Meanwhile, BlockDAG's potential US sponsorship might significantly bolster its market position.
