Avalanche (AVAX) traders have been doubling on bearish bets following a significant 10% price drop, reflecting a volatile market sentiment. Similarly, Shiba Inu (SHIB) is grappling with a $100 million sell-off, with bulls struggling to maintain the $0.000015 support level amidst rising sell pressure.
In stark contrast, BlockDAG (BDAG) has demonstrated remarkable resilience and growth. With the strategic partnership with UFC champion Alex Pereira as a brand ambassador, BlockDAG has enhanced its brand visibility and set an ambitious $600 million presale milestone.
This partnership underscores BlockDAG’s robust technological foundation and aggressive growth trajectory, making it a standout contender in the crypto sphere.
Avalanche (AVAX) Traders: Cautious After 10% Price Drop
The price of Avalanche (AVAX) has taken a significant hit, crashing by 10% over the past week from $29.55 to $26.19. This sharp decline mirrors a wider market sell-off driven by growing uncertainty. Traders have shifted to bearish bets. According to an on-chain analysis by Santiment, AVAX’s Funding Rate has turned negative, sitting at -0.017%.
This bearish sentiment is further supported by AVAX’s Addresses by Time Held indicator. The daily AVAX/USD chart reveals a rounding top pattern, a bearish signal indicating that the price may continue to fall, possibly to $25.54.
Shiba Inu Price Forecast: Will It Break Below $0.000015?
Shiba Inu (SHIB) has faced significant selling pressure, with its price falling to $0.00016. The recent sell-off has seen short-term traders exiting their positions, raising concerns of a potential breakdown below the $0.000015 level.
Despite expectations of a bullish sentiment following Donald Trump’s appearance at the Bitcoin Nashville conference, the focus remained on mega-cap assets, leaving the memecoin sector, including Shiba Inu, struggling for traction.
Data from IntoTheBlock’s Exchange Order Books reveals a substantial sell-wall, with traders placing orders to sell over 5.9 trillion SHIB at an average price of $0.000017, amounting to a potential $100 million sell-off.
Alex Pereira Partnership Propels BDAG Towards $600M Milestone
BlockDAG is making waves by teaming up with UFC Light Heavyweight Champion Alex Pereira as its brand ambassador. This huge partnership connects BlockDAG with Pereira’s powerful presence in the UFC, which symbolizes strength, resilience, and knockout power.
Just as Pereira dominates in the ring, BlockDAG aims to revolutionize the blockchain world with its advanced technology. This collaboration isn’t just about marketing; it’s a strategic move that boosts BlockDAG’s visibility and builds trust in its future.
The impact of this partnership is already noticeable, positioning BlockDAG as a major player in the cryptocurrency world. With Pereira’s massive fanbase and global appeal, BlockDAG is stepping onto the world stage.
This partnership makes BlockDAG more attractive to investors and users alike, setting it up not just as a blockchain project but as a leading sponsor in one of the most-watched sports globally. It clearly shows BlockDAG’s commitment to growth and innovation in the crypto space.
Since bringing Alex Pereira on board, BlockDAG has seen a big boost in its presale coin numbers. The project is now eyeing a bold $600 million milestone. This surge shows the market’s confidence and excitement about BlockDAG, with over 12.5 billion BDAG coins sold, raising $64.7 million, plus $4.2 million from selling more than 10,330 miners. Each presale batch has seen the coin price soar by 1600%, from $0.001 to $0.017, from the first batch to batch 21.
Wrapping Up
BlockDAG’s strategic partnership with UFC champion Alex Pereira has elevated its brand visibility and fostered significant confidence in its technological prowess and market potential. As BlockDAG eyes a $600 million presale milestone, it continues to attract attention from Shiba Inu & Avalanche traders.
While Avalanche (AVAX) traders face a bearish market and Shiba Inu struggles with sell-off pressures, BlockDAG continues to thrive, offering significant growth potential. Its partnership with Alex Pereira boosts BlockDAG’s visibility and solidifies its position among the top altcoins with growth potential in the crypto market.
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