Recently, Bitcoin Cash (BCH) and Shiba Inu (SHIB) have gained traders' attention due to bullish patterns and rising market activity. Simultaneously, the new BlockDAG app is gaining popularity.
Bullish Pattern of Bitcoin Cash
Bitcoin Cash is forming a cup-and-handle pattern, often seen before a breakout. The RSI is currently at 59.56, indicating increasing buyer interest. With support around $350, BCH shows potential for growth, with targets ranging from $703.40 to $1,058.40.
Opportunities for Shiba Inu
The price chart for Shiba Inu is also indicating signs of recovery. Prices are closely tracking the simple moving average, which could lead to a bullish crossover. Support at $0.00001065 remains intact, while resistance levels are at $0.00001340 and $0.00001975. Potential growth could test the February high of $0.00002250.
Attractiveness of BlockDAG Model
The BlockDAG application offers a unique referral model that allows users to invite others for mining via smartphones. This reward system is based on network activity. Currently, BlockDAG has raised over $303 million and sold more than 22.6 billion BDAG tokens, reflecting strong public interest.
While Bitcoin Cash and Shiba Inu present interesting opportunities for traders, BlockDAG's unique approach and active user engagement may position it as a significant player in the crypto market.
