The crypto market continues to evolve: Shiba Inu and Arbitrum encounter challenges, while BlockDAG shows significant growth.
Shiba Inu's Challenges
Shiba Inu shows signs of potential decline. The current price is just below $0.000013, facing resistance at this level. Analysts point to a head-and-shoulders pattern that could lead to a price drop down to $0.00001027. The main concern is on-chain data, where despite a 1,550% increase in the burn rate, entity activity remains low.
Pressure on Arbitrum
Arbitrum faces challenges after a sharp 10% drop in price in one day, reaching $0.48. If this support does not hold, prices may fall to $0.43 or lower. On-chain data shows metrics indicating a decline in demand, as new addresses decrease by 46%.
Successes of BlockDAG
While Shiba Inu and Arbitrum navigate difficulties, BlockDAG demonstrates its achievements. The project has raised $388 million in its presale and successfully attracted buyers, delivering 2,660% returns for early participants. Three key aspects – the ambassador program, referral bonuses, and the updated Dashboard V4 – have contributed to significant growth and user engagement.
This week, different projects display varying trends: Shiba Inu and Arbitrum remain under pressure, while BlockDAG confidently moves forward, highlighting its achievements.
