Recent trends in the cryptocurrency market are drawing attention. The price of Shiba Inu (SHIB) is notable due to significant trading by large wallets, while Toncoin (TON) is gaining traction as well.
Shiba Inu (SHIB) Price Analysis
Recent price analysis shows Shiba Inu (SHIB) rising to $0.00001149 following the purchase of 874 billion tokens during a dip. This occurred at a 13-month low, attracting investor interest. Some see this as a buying signal, while others view it as a tactical move to capitalize on temporary undervaluation.
Current resistance levels are around $0.00001180, while support is at $0.00001080. The analysis indicates that a move above $0.00001180 with high trading volume could lead to further rises, while failing to break may result in a retreat to support levels.
Toncoin (TON) Price Surge
Toncoin's price is rapidly increasing, aided by a 261% surge in whale transactions. In a matter of days, 9.03 billion TON tokens worth approximately $34.28 billion changed hands, indicating significant interest from large holders.
The price of Toncoin has risen from $3.6 to $4.2 over a three-day rally. Market analysts view this trend as bullish, noting that the funding rate supports long positions. If momentum persists, Toncoin's price could target $4.6.
BlockDAG’s Plans for Mainnet Launch
The crypto community is abuzz with BlockDAG's plans for launching its mainnet this year, as outlined in the latest Keynote 3 report. Key goals include achieving unmatched transaction speeds, targeting over 2,000 TPS with potential growth beyond 15,000 TPS as the network scales. Recent beta test results back the 2,000 TPS claim.
In his keynote, CEO Antony Turner stated, 'We're not building features in isolation. We're launching an entire economy.' This commentary underscores the project's scale and funding—over $213.5 million from its presale.
The cryptocurrency market showcases diverse trends, with Shiba Inu (SHIB) showing mixed signals and Toncoin (TON) benefiting from whale interest. BlockDAG's roadmap emphasizes a strategy aimed at creating a high-speed and functional network.
