Avalanche (AVAX) investors are increasingly placing bearish wagers following a notable 10% decline in price, signaling a shaky market atmosphere. Similarly, Shiba Inu (SHIB) faces a challenging $100 million sell-off, with proponents struggling to uphold the $0.000015 support amidst escalating sales pressure.
In a striking contrast, BlockDAG (BDAG) showcases impressive resilience and expansion. Its strategic alliance with UFC champion Alex Pereira as a brand ambassador bolsters its visibility and sets a bold $600 million presale goal. This collaboration highlights BlockDAG’s strong technological base and its assertive expansion strategy, positioning it as a prominent contender in the cryptocurrency landscape.
Avalanche (AVAX) Traders: Wary Following 10% Price Drop
Avalanche's (AVAX) value has plummeted by 10% in the past week, falling from $29.55 to $26.19. This steep drop reflects broader market withdrawals amid rising uncertainties, with traders leaning towards pessimistic predictions. Santiment’s on-chain analysis reveals a negative shift in AVAX's Funding Rate, now at -0.017%.
This gloomy outlook is reinforced by the AVAX's Addresses by Time Held indicator. The daily AVAX/USD chart displays a rounding top pattern, a bearish sign that suggests potential further declines to around $25.54.
Shiba Inu Price Outlook: Potential Drop Below $0.000015?
Shiba Inu (SHIB) is under heavy sell pressure, with prices dipping to $0.00016. The ongoing sell-off has prompted short-term investors to withdraw, sparking fears of a drop below the $0.000015 threshold. Despite some optimism linked to notable events like Donald Trump's appearance at the Bitcoin Nashville conference, the spotlight remained on larger assets, leaving smaller coins like Shiba Inu lacking momentum.
IntoTheBlock’s data shows a significant sell-wall, with trading positions set to offload over 5.9 trillion SHIB at an average of $0.000017, equating to about a $100 million potential sell-off.
Alex Pereira Partnership Drives BDAG Toward $600M Goal
BlockDAG is creating a buzz by partnering with UFC Light Heavyweight Champion Alex Pereira as its brand ambassador. This major partnership leverages Pereira’s commanding UFC presence. Mirroring Pereira’s dominance in the ring, BlockDAG is poised to transform the blockchain arena with cutting-edge technology. This alliance is more than a marketing play; it’s a strategic advancement enhancing BlockDAG’s profile and establishing trust in its future trajectory.
This partnership has significantly elevated BlockDAG’s stature in the crypto community, with Pereira’s broad fanbase adding global appeal. BlockDAG is now positioned as a major entity not just in blockchain but as a prominent sponsor in a globally popular sport, underscoring its commitment to growth and innovation in the crypto sector.
Since collaborating with Alex Pereira, BlockDAG’s presale figures have surged, now ambitiously targeting the $600 million mark. This increase reflects growing market enthusiasm for BlockDAG, with over 12.5 billion BDAG coins already sold, generating $65.2 million, alongside $4.2 million from over 10,330 miners sold. The price per coin has skyrocketed by 1600%, from $0.001 to $0.017 from the initial batch to batch 21.
Closing Thoughts
BlockDAG’s strategic partnership with UFC champion Alex Pereira has significantly boosted its brand presence and instilled substantial confidence in its technological capabilities and market potential. As BlockDAG pursues a $600 million presale target, it continues to draw interest from both Shiba Inu and Avalanche traders. While AVAX traders navigate a bearish market and Shiba Inu contends with sell-off pressures, BlockDAG thrives, demonstrating robust growth potential. Its collaboration with Alex Pereira not only enhances BlockDAG’s visibility but also cements its position among the leading alternative coins in the burgeoning crypto market.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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