Cardano’s market valuation is steady amid fluctuating sentiments, with Binance showing optimism while OKX is cautious. Amidst the backdrop of the ongoing rivalry between Avalanche and Shiba Inu, where Shiba Inu has now edged out Avalanche in market capitalization, BlockDAG’s presale gains momentum, with miner sales climbing to $3 million from over 6,700 units sold.
This surge in sales followed BlockDAG’s initial keynote, which was broadcast live at Tokyo’s Shibuya Crossing and quickly became a viral sensation, establishing BlockDAG as a prominent player in the layer-1 crypto space. The presentation covered BlockDAG’s various avenues for passive income and showcased the diversity and efficiency of its X mining series.
Cardano’s Market Valuation Sees Little Change Amid Mixed Signals
Cardano’s price is currently stabilizing, trading between $0.40 and $0.46, with the latest figure at $0.44, showing a slight 0.7% dip. The derivatives market reflects a divided sentiment, with Binance leaning towards bullish prospects and OKX adopting a bearish stance. Despite some positive signs, subdued trading volume and activity in options hint at minimal chances for a significant price movement soon.
Technical indicators suggest a cautious outlook for ADA; its 50-period Moving Average has fallen below the 200-period, typically a bearish signal. A RSI reading of 45.33 aligns with a neutral to slightly pessimistic market view. Social metrics are also declining, hinting at potential selling pressures and a cooling interest in Cardano.
Shiba Inu Climbs Over Avalanche in Market Cap Amid Crypto Fluctuations
As the cryptocurrency world digests the effects of Mt. Gox’s repayment to its clients, pressure mounts on Bitcoin and other altcoins. Despite this, Shiba Inu has managed to overtake Avalanche in terms of market cap, intensifying their competitive saga.
Currently, SHIB is down by 0.62%, holding a market cap of $14.59 billion, while AVAX has dropped by 0.67% to a market cap of $14.51 billion. Over the past week, SHIB’s decline was less severe at 2.51% compared to AVAX’s 8.5% reduction. Shiba Inu’s next target appears to be Cardano, which boasts a market cap of $16.3 billion.
BlockDAG’s Influential Keynote Garners Global Attention
BlockDAG has been on a worldwide tour, showcasing its capabilities from Japan to Las Vegas and London, starting with a groundbreaking keynote at Shibuya Crossing. This strategic showcase introduced BlockDAG’s passive income opportunities and seamless integration with top DeFi exchanges like Bitget and CoinEx. Its innovative crypto payment card promises effortless crypto transactions at millions of merchants worldwide without the usual red tape. BlockDAG has earned $39.3 million in its presale and sold $3 million worth of miners.
The X series miners, particularly highlighted during the keynote, offer varied efficiency levels suitable for different mining needs—from the beginner-friendly X10 with a 100 MH/s rate yielding about 200 BDAG daily to the more robust X100, perfect for large-scale operations with a hash rate of 2 TH/s producing up to 2000 BDAG daily. These miners provide a lucrative passive income stream and offer high resale value, enhancing their investment appeal.
Concluding Thoughts
BlockDAG’s debut keynote has cemented its status as a leading layer-1 cryptocurrency and amplified its market presence with $3 million raised from miner sales amidst a highly successful presale, totalling $39.3 million. While Cardano navigates mixed market sentiments and Shiba Inu surpasses Avalanche in a gripping market rivalry, BlockDAG continues innovating and captivating the crypto community with its robust mining solutions and passive income opportunities.
Invest in the BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
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