The crypto market continues to evolve actively, with new signals of utility from projects like Shiba Inu and Celestia. The development of BlockDAG is also gaining attention from users.
Increase in Shiba Inu Burn Rate
Shiba Inu's (SHIB) burn rate continues to rise, indicating a potential reduction in token supply and future price growth possibilities. The Shiba Inu community remains independent, supporting regular token burns, although SHIB's real-world applicability remains limited, and scalability faces challenges due to its affiliation with Ethereum.
Celestia Price Growth
Celestia (TIA) shows steady growth, registering a 14% increase that brings it closer to the technical level of its 50-day exponential moving average. Celestia's modular approach, separating consensus from execution, becomes appealing for developers, yet the project needs to acquire a broader audience.
BlockDAG Achievements and X1 App Popularity
BlockDAG continues to gain popularity, with its mobile application X1 acquiring over 2 million users. The conducted presale has raised over $335 million, highlighting community interest. The X1 app simplifies entry into crypto mining, while transparent economic models promote the project's long-term growth.
Thus, Shiba Inu with its ongoing burn rate, Celestia with rising prices, and BlockDAG with impressive user numbers create a competitive environment in the crypto market. Each of these projects has unique growth potential in the coming years.
