The crypto market is showing mixed signals, with Shiba Inu facing declining trading volumes, while Ethereum continues to rise amid lower exchange supplies. The BlockDAG project is also actively developing, offering a new approach to token sales.
Shiba Inu Trading Volumes Decline
Shiba Inu's trading volume decreased by 1.30% in the last 24 hours, despite a slight price increase of 0.34%, now trading around $0.00001339. The current daily trading volume is under $170 million, signaling a pause in strong buying interest despite a 2.38% weekly gain.
Ethereum Prices Continue to Rise
Ethereum's price currently stands at approximately $1,813, linked with increased activity on the network and declining token supplies on exchanges. A lower Exchange Supply Ratio indicates that more ETH is being held off trading platforms, often viewed as a sign of long-term confidence.
BlockDAG Purchase Dynamics
BlockDAG is actively developing its Buyer Battles format, where the largest buyer of the day is rewarded with additional BDAG tokens. As a result, the project has raised $227.5 million and sold 19.7 billion tokens across 28 batches. This competition encourages active purchasing and contributes to a high level of daily activity.
The crypto market showcases diverse trends: Shiba Inu faces declining trading volumes, Ethereum continues to rise, and BlockDAG gains popularity through innovative sales formats. Investor attention is focused on how these trends will evolve in the future.
