In the volatile cryptocurrency market, projects that showcase technical advancements and financial results are gaining more attention. One such project is BlockDAG.
SHIB's Goals and Market Reality
Supporters of Shiba Inu (SHIB) still aspire to reach a $0.01 price point. However, the current price of $0.00001244 requires a massive increase of 75,000%, which would drive the market cap to nearly $5.89 trillion.
There are strategic practices like token burning to limit supply and boost demand. However, the amount that needs to be burned remains extremely high. Analysts argue that without significant supply cuts, the $0.01 target may be unattainable.
Regulatory Hurdles for XRP
The situation surrounding XRP remains challenging due to regulatory issues. The SEC has extended its review of the XRP-related ETF application by 45 days. Simultaneously, Ripple and the SEC have agreed to pause the current appeal process, adding to the uncertainty.
Despite this, some experts see potential. Estimates suggest that XRP-based ETFs could attract up to $8.3 billion in the first year. However, traders are cautious in light of growing market tensions.
BlockDAG's Success and Future
BlockDAG has successfully passed audits from Halborn and CertiK, adding confidence in its stability. The project has raised over $227.5 million during its presale, selling over 19.7 billion BDAG tokens.
Recent security checks indicate that BlockDAG is prepared for real-world demands. Meanwhile, the token price in the latest batch is $0.0262, marking significant growth from the initial price.
Given the current market situation for SHIB and XRP, BlockDAG stands out due to its strong fundamentals and successful audits. This positions it as a notable contender for the long term.
