The crypto market is active again: Shiba Inu faces challenges, Polygon shows growth, and BlockDAG successfully conducts its presale.
Shiba Inu's Condition
Shiba Inu (SHIB) is under pressure as weak macroeconomic data weighs on the market. The current price stands at $0.0000126, with a fragile support level at $0.0000120. This creates a difficult situation for the SHIB community as trading volumes remain low, and the risk of further losses is high. A short-term increase of 8.9% in July quickly turned to a decline in August.
Polygon's Success
Polygon (POL) shows growth thanks to a 43% increase in total value locked (TVL), which reached $1.23 billion by August 18. This rise is driven by the activity of QuickSwap and Polymarket. Polygon demonstrates stable growth with a 6.6% increase in the past month, exceeding the average performance in the smart contract category.
BlockDAG's Achievements
BlockDAG captures attention with a successful presale that raised $388 million and sold 25.5 billion coins. The concept of Dashboard V4, which provides an interface resembling a live exchange, enhances the transparency of the process. BlockDAG also secured partnerships in sports, establishing collaborations with the Seattle Seawolves and Seattle Orcas, expanding its visibility beyond typical crypto circles.
All three projects continue to play significant roles in the crypto market. SHIB is trying to maintain its position, Polygon is demonstrating positive dynamics, and BlockDAG stands out for its achievements and the formation of a long-term ecosystem approach.
