This article reviews recent events in the cryptocurrency world, highlighting the notable rise of Shiba Inu and Hedera's price movements, along with BlockDAG's achievements through its Hackathon.
Shiba Inu (SHIB) Price Surge
Shiba Inu (SHIB) is back in the spotlight with a significant 300% jump in its burn rate, largely driven by community efforts, thereby reducing supply. Technical data indicates that the price has crossed a key resistance level at $0.0000125, paving the way for further gains. The Relative Strength Index (RSI) is currently close to 68, suggesting bullish momentum while also warning of potential pullbacks. Analysts are targeting $0.0000158 as the next hurdle, with a chance to push SHIB towards $0.000020 if momentum holds. Major holders, often referred to as 'whales,' are showing activity, indicating confidence at higher price levels. However, SHIB's future heavily relies on the overall trends in the cryptocurrency market, and volatility remains a risk.
Hedera (HBAR) Price Movement
Hedera (HBAR) experienced a 12% rise following market boosts triggered by President Trump's announcement to suspend tariffs for 90 days. This led to Bitcoin soaring to $83,400 and the Dow Jones rising by nearly 3,000 points, contributing to the uptick in HBAR's price. Nevertheless, HBAR is still down by about 37% this year, trading near $0.16 compared to a January peak of $0.37. Projections from CoinCodex suggest that HBAR may inch up to $0.172 by mid-April, offering a slim potential gain of 1.94%. However, these small gains could easily be wiped away by sudden market fluctuations. Additionally, a recent false rumor regarding a Hedera partnership with Nvidia raised confusion and undermined trust, highlighting how vulnerable HBAR is to misinformation in a volatile market.
BlockDAG Hackathon: Ideas into Action
The BlockDAG Hackathon is more than just a coding event; it provides developers an opportunity to shape a growing cryptocurrency network. Participants aren’t just building for theory; winning ideas are set for real integration into the BlockDAG system. Whether it’s a smart contract tool, dApp utility, or node upgrade, the best ideas will become core features. Additionally, top submissions earn rewards in BDAG coins, connecting real-world impact to tangible value. This program demonstrates BlockDAG’s practical approach to community-led development, evident from the successful presale, which raised $216 million and sold over 19.2 billion coins. The current BDAG price stands at $0.0248, reflecting a remarkable 2,380% ROI since batch one. This blend of community ideas, visible growth, and practical features positions BlockDAG as a notable contender among the long-term crypto projects.
The current focus on market conditions and positive changes in the cryptocurrency landscape emphasize the importance of real applications for crypto projects. Unlike short-term spikes seen in Shiba Inu and Hedera, BlockDAG is pursuing a sustainable approach to growth aimed at long-term solutions.
