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According to the sponsored content poster, BlockDAG, whose future is uncertain, allegedly raised $21.4 million and distributed more than 8.2 billion coins in ten batches, with operations supported by $100 million in initial liquidity and a four-month vesting period. It is not certain, there is a risk of investment loss.
Simultaneously, Ethereum is seeing a pivot in the market trend, moving from a bullish phase to a bearish phase at a key technical point. In addition, the market value of Shiba Inu decreased slightly by 1.3% to $15.64 billion. Now let’s examine how this volatile market outlook affects the overall cryptocurrency landscape and investor strategies.
Ethereum Trading: Signs of Downtrend and Possible Reversal Indicators
The Ethereum market is showing signs of decline, indicating a permanent bearish phase. Basic technical signals confirm the transition from bullish to bearish. The decline in the Middle Bollinger Band and the $3,300 resistance mirroring the April 13 indicators indicate continued downtrends.
Currently Ethereum is in a downward trend, falling 3% recently but remaining steady with a 6% increase in the past week. Strength and significant trading volume are needed for the bulls to counter this downward momentum. Over the past 24 hours, average transaction volume increased by 30% to $14 billion, indicating increased sales activity.
Although ETH/USD, like Bitcoin and other altcoins, is in a downward trend, market players are hoping for a comeback. However, current trajectories are still leaning towards a downside path and the sell-off is likely to intensify below $3,300 and potentially reach the lows of $3,000 by April 2024. A rise above $3,300 on strong volume could challenge this bearish view.
Shiba Inu: Rising Value and Increased Token Burn Effect
Shiba Inu, a leading meme coin, has gained over 2% in the last day, reflecting growing investor confidence. Currently priced at $0.00002618, its market cap has fallen to $15.64 billion but remains in the top 15 in the global rankings. Despite last month’s 4% decline, SHIB was up 22% over the week, with prices oscillating between $0.000021 and $0.0000278.
On the last day, SHIB’s burn rate increased by approximately 2200%, eliminating 1.84 million tokens. This increase, combined with optimistic market activity, supports positive outlooks. SHIB faced resistance at $0.000027 and is targeting $0.00005. Support is at $0.000026 and potential downside is $0.000025. Increasing selling pressure could push prices below $0.000009, indicating a bearish trend. These dynamics make SHIB price predictions very important among investors.
BlockDAG’s Initial Success and Strategic Compensation Plan
BlockDAG, whose future remains uncertain, according to the sponsored content sender, has allegedly reached its tenth phase, having raised $21.4 million through its ongoing pre-sale. It is unknown whether BlockDAG will be successful after DAGpaper was introduced at a major event at the Las Vegas Sphere. It claims to have a clear roadmap that includes a six-month mainnet launch and an ambitious target of $600 million by 2024. The future is uncertain, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
With its future uncertain, BlockDAG will be backed by $100 million in liquidity upon launch and will implement a vesting strategy to maintain project stability and long-term goals. This approach aims to stabilize the market and reduce volatility. It is not certain, it may fail.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
With its future uncertain, BlockDAG showcased a launch video at Shibuya Crossing, a lively spot in Tokyo known for its heavy foot traffic and global reputation. This creative strategy points to BlockDAG’s efforts to attract the attention of the cryptocurrency market. It is not known whether BlockDAG will be successful. It is a risky project.
Final Thoughts
While Ethereum is currently exhibiting a bearish pattern facing downward pressures, Shiba Inu is experiencing a surge in bullish market conditions, raising expectations for SHIB price predictions.
BlockDAG, whose future is uncertain according to the sponsored content poster, allegedly implemented a vesting period for coins acquired during the pre-sale to emphasize sustainable growth and align investor interests with the long-term success of the project. The future is uncertain, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Pre-sale: https://purchase.blockdag.network
Site: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before making any transaction!
