This week, three key events are unfolding in the cryptocurrency market involving BlockDAG, Avalanche, and Shiba Inu. Let's explore the details.
BlockDAG Passes $368 Million in Presale
The BlockDAG presale has reached $368 million, approaching the global launch price of $0.0016, which will close on August 11. After this date, the price of BDAG will rise to $0.0276, creating an opportunity for early entry at a lower price. The launch of Dashboard V4 has improved presale transparency by allowing users to see real-time price charts and place buy and sell orders. Engaging elements like leaderboards and bonus calculators are also included.
Avalanche (AVAX) Price Prospects
Avalanche is showing strong growth as its total value locked (TVL) has increased by 90% since March and currently stands at $1.9 billion. Current technical indicators suggest possible growth, as AVAX touched the 0.618 Fibonacci level. If it manages to break through the resistance at the $36–$43 zone, this could lead to a price increase to the $72–$89 range in the medium term.
Shiba Inu (SHIB) Price Situation
This week, Shiba Inu has dropped 9% to $0.000012 but remains 7% higher over the month. Support at $0.000012 holds, leading to a bounce that now targets immediate resistance at $0.00001250. On-chain data shows SHIB exchange reserves near their lowest in a year, indicating limited selling pressure.
Trends in the cryptocurrency market continue to evolve, focusing on the growth of BlockDAG, the development of Avalanche, and the stability of Shiba Inu. Investors should closely monitor all three assets.
