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Crypto Market: SHIB and AAVE Down, BlockDAG on the Rise

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by Giorgi Kostiuk

4 hours ago


The cryptocurrency market is undergoing significant changes: Shiba Inu and Aave tokens are experiencing declines, while BlockDAG shows substantial growth, offering unique opportunities to new investors.

Shiba Inu's Decline: Causes and Effects

Shiba Inu (SHIB) has seen a 22% drop over the last month, causing market concern. Despite its current price of $0.00001282 and a 2.69% daily increase, CoinCodex analysts predict a possible 22% rebound. However, continued seller pressure could stabilize the price around $0.00001350.

Aave's Prospects After 31% Drop

Aave (AAVE) is experiencing a more significant decline of 34% over the past month, sparking concern among investors. With current support around $170-$180, the token may face further decline to $160 or lower if this position is not maintained. Analysts believe a breakout above $240-$250 could change the situation, opening up paths to growth.

BlockDAG: Opportunities and Potential

BlockDAG is gaining attention with presale volumes exceeding $202.8 million and offering the BDAG800 bonus. The project has already delivered a 2,380% ROI to early investors and plans to list on 10 exchanges, which could drive its price higher.

Despite the decline of Shiba Inu and Aave, BlockDAG offers unique opportunities through its scalable solutions and attractive conditions. Optimism arises among analysts regarding the project's future growth.

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