September has been eventful in the crypto market, with Cronos, Shiba Inu, and the BlockDAG project drawing particular attention from traders.
Cronos Surge: Short-term Outlook
Cronos (CRO) witnessed a remarkable 140% rally in late August, soaring from $0.16 to $0.38 in just two days. The surge was fueled by a significant deal with Trump Media Group. However, after peaking, CRO corrected to $0.27, raising questions among analysts about whether this marks the beginning of a new trend or just a temporary spike.
The key level for CRO is $0.27. Should buyers manage to defend this demand zone, a short-term uptick to the $0.30–$0.31 range might be possible. However, the technical indicators suggest overbought conditions, and momentum is fading.
Shiba Inu's Growth Potential
Shiba Inu has once again become the focal point for meme-coin traders. Analysts point to a MACD divergence as a potential sign that buying momentum may be shifting back. The setup could see an initial rally to $0.00003, with forecasts suggesting a move as high as $0.000081, reflecting a staggering 570% gain from current levels.
Nonetheless, confirmation is critical: a close above resistance with strong volume would validate the bullish scenario. Without that, SHIB risks drifting sideways, which may leave traders frustrated.
BlockDAG's Successful Presale
While Cronos and Shiba Inu spark speculation, BlockDAG is proving adoption on an unprecedented scale. Over three million individuals are currently mining BDAG daily via the X1 mobile app, marking one of the largest pre-mainnet user bases in blockchain history.
BlockDAG has raised $405 million, sold 26.2 billion coins, and registered 325,000 holders. On the hardware front, 19,800 miners have shipped across over 130 countries, generating $7.9 million in sales. This visible growth and community involvement ahead of launch provide confidence in the project's positive trajectory.
September has been a month of active maneuvers in the crypto market. Cronos and Shiba Inu remain in the spotlight, yet their resilience is uncertain. Conversely, BlockDAG is showing convincing evidence of adoption and engagement, setting it apart from speculative assets.
