The current situation in the cryptocurrency market continues to pique interest. While SUI shows positive signals, Shiba Inu faces difficulties. Additionally, the BlockDAG platform is attracting attention, boasting 1.5 million active miners.
SUI's Success in a Growth Environment
SUI recently surpassed a key level, posting a 6% gain after a prolonged consolidation phase. This has created the basis for a price target of $4 as buying activity increases in the spot market.
Shiba Inu's Problems
Price dynamics for Shiba Inu show a decline, from a May high of $0.00001757 to the current $0.00001260. Data indicates that large holders are reducing their positions, which also affects overall confidence in the coin.
The Importance of BlockDAG in the Crypto Industry
BlockDAG demonstrates steady growth: the platform has raised $298 million and sold 22.4 billion coins. With over 1.5 million users actively mining through the X1 app, its popularity continues to rise, even before its first exchange listing.
The current state of SUI and Shiba Inu highlights the differences in their trajectories, while the growth of BlockDAG signifies substantial user interest and real progress in the market.
