Amidst changes in the cryptocurrency space, the Shiba Inu and Hedera projects are losing previous popularity, while BlockDAG demonstrates noticeable growth.
SHIB Struggles as Whale Activity Dives
Shiba Inu, once a famous cryptocurrency, is losing interest from major holders. Whale transactions in the SHIB network have dropped by 91% despite overall positive trends in the market. The decline in interest from large investors suggests diminishing support for the token.
HBAR Eyes Golden Cross, But Momentum Lags
Hedera (HBAR) remains a promising project focused on the enterprise sector. Currently, traders are observing a potential bullish signal formation, but HBAR has struggled to break through key resistance levels. The lack of momentum continues to hinder its growth.
BlockDAG Blends Speed, Utility, & Global Reach
BlockDAG has captured attention due to its DAG architecture that allows for fast transaction processing. Since its launch, the project has raised $299 million and attracted over 1.5 million users through the X1 app. Unlike many projects, BlockDAG already has a working mobile application and employs accessible tools to engage a broad audience.
Cryptocurrency markets favor projects that combine speed, utility, and visibility. While SHIB and HBAR continue to attract their followers, BlockDAG is achieving significant results, expanding its community and growing dynamically.
