The article discusses current changes in the prices of Shiba Inu (SHIB) and Sui (SUI) cryptocurrencies, as well as the rapid development of the BlockDAG project against the backdrop of sports partnerships.
Price Dynamics of Shiba Inu (SHIB)
The price of Shiba Inu (SHIB) is once again drawing attention after a sharp drop of 7.7% triggered by a massive whale transaction. Despite falling to $0.0000119, support at $0.0000120 held strong, and the price has now recovered to about $0.0000128. Analysts note that, despite the current rise, many traders are still selling at a loss. Predictions indicate potential growth to $0.00001501 by mid-June.
Situation Around Sui
The price drop of Sui after peaking in May is mainly attributed to sell-offs that occurred after the unlocking of 74 million tokens worth $267 million. The decline was 20%, reaching $3.07 before a slight recovery to $3.28. Interestingly, the total value locked in the network reached $1 billion even before the unlock, indicating sustained underlying growth. It remains to be seen how the price will change in the coming days.
Rise of BlockDAG and its Potential Partnerships
The BlockDAG project shows rapid growth, having raised over $291 million during the presale. With support from UFC champion and partnership with Inter Milan, the project is now aiming for collaboration with an NBA franchise. This combination of blockchain and DAG technologies promises faster transactions and greater scalability, making it appealing in the long term.
The current dynamics of SHIB and SUI illustrate interesting changes in the cryptocurrency market, while BlockDAG makes significant strides in expanding its influence through potential sports partnerships. We'll continue to monitor developments in these three significant projects.
