This month, cryptocurrency news focuses on two main topics: the decline of Shiba Inu (SHIB) and Stellar (XLM) alongside the unexpected success of BlockDAG, which has raised $312 million in its presale.
Problems Facing Shiba Inu (SHIB)
Shiba Inu (SHIB) is in a risky position, hovering around $0.000020. Moving averages are trending downward. While some expect a bounce if trading volume increases, the situation could deteriorate rapidly if support fails.
Challenges with Stellar (XLM)
Stellar (XLM) also appears unstable after slipping below its trendline and losing the $0.10 level. Experts suggest that XLM needs to quickly regain a level above $0.105 to avoid further declines.
BlockDAG: Rising Interest and Potential
BlockDAG (BDAG) has made waves in the market, raising $312 million with the rapid success of its presale. With a price of $0.0018 until June 20 and a potential rise of 2678%, this project is suddenly at the forefront of the cryptocurrency industry.
Amid the instability of assets like SHIB and XLM, BlockDAG offers investors a glimpse into more promising opportunities. With increasing developer activity and the implementation of scalable solutions, this project is gaining attention in the fintech landscape.
