The cryptocurrency market is experiencing significant price fluctuations. Shiba Inu is facing a decline while Near Protocol reports a rise. Additionally, BlockDAG is providing new opportunities in mining.
Near Protocol Price Movement: 9 Percent Recovery
NEAR Protocol bounced by 9% over the past day, moving from $2.59 to $2.81. This surge followed institutional demand, driving total trading volume to 7.91 million units. A support level is now forming at $2.79 and resistance at $2.82.
Shiba Inu Price Drop: Whale Transfer of $70M
SHIB declined by 10% over the last 24 hours, currently trading at $0.00001312. This followed a large transfer of 5 trillion SHIB worth approximately $70 million from Coinbase Institutional to an unknown wallet, causing daily activity to spike to $522 million. Support is seen at $0.00001328.
BlockDAG Demo Shows New Mining Potential
BlockDAG showcased a new demonstration where the X1 app works with the X10 miner, revealing that daily output can increase from 20 to 200 BDAG. This aligns with the current hardware rollout, set to start distribution of the X10 miner on August 15.
The current trends in the cryptocurrency market highlight the volatility of Shiba Inu and the growth of Near Protocol. Simultaneously, BlockDAG is demonstrating mining innovations that could influence its future positioning.
