The cryptocurrency market in June experiences shifts as BlockDAG becomes the leader in user count and funds, while Shiba Inu and Pi Network face a decline in engagement.
Shiba Inu Whale Activity Decline
The activity of major Shiba Inu holders has sharply decreased by 84%, falling from 24.3 trillion SHIB to just 3.83 trillion in a short period. This decline signals a lack of confidence among major investors, which may lead to significant price corrections. Currently, SHIB is holding at the support level of $0.0000119, but analysts warn of a potential drop toward $0.000010 if this level fails to hold.
Pi Network Stability Following Token Transfer
The price of Pi Network tokens is trading near $0.641, nearly 40% below recent highs. A transfer of 2 million tokens from a liquidity wallet to a new address suggests potential institutional accumulation, offering a small glimmer of hope. However, community sentiment remains divided, and the further direction will heavily depend on the developments expected on June 13.
New Horizons for BlockDAG with X1 App
BlockDAG's X1 app has attracted over 1.5 million users engaged in daily mining even before hitting exchanges. The app provides simplicity and accessibility without the need for complex setups or expensive hardware. With over $297 million raised, this significant user number indicates growing interest and the potential success of BlockDAG's future launches.
In summary, while Shiba Inu and Pi Network face challenges and uncertainty, BlockDAG shows impressive growth, setting new standards for future launches in the crypto industry.
