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Crypto Market Update: BlockDAG, Chainlink, and Shiba Inu

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by Giorgi Kostiuk

a day ago


While market focuses on speculation, BlockDAG emphasizes testing its core technology.

Shiba Inu's Token Burn and Market Impact

Shiba Inu (SHIB) has significantly increased its token burn rate, with over 1 billion tokens removed in one day, resulting in a 57,000% increase. However, SHIB's price remains stable at around $0.00001443. Technical analysis indicates a potential bullish trend that could raise the price to $0.00003395.

Chainlink Targeting $20 and Positive Movements

Chainlink's token (LINK) is on an upward path, stabilizing at $15.15. Increased interest in LINK is reflected in peak social engagement and major holders' accumulation, creating optimistic market forecasts.

BlockDAG Beta Testnet's Final Stages

BlockDAG is preparing for its 2025 mainnet launch and continues testing its network on the Beta Testnet. The network processes over 15,000 transactions daily, testing scalability and decentralization. These efforts aim to validate the infrastructure before the final launch.

While Shiba Inu and Chainlink focus on market speculation, BlockDAG is dedicated to technical validation of its network, distinguishing it from other projects.

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