In the past 24 hours, Shiba Inu’s burn rate has surged by a massive 3,700%, indicating a potential rise in SHIB’s price, while large investors have significantly depleted XRP’s available supply. These significant market moves, however, still don’t overshadow the buzz generated by BlockDAG’s $2 million giveaway.
With the contest nearing its conclusion in just 29 days, an astounding 92,000 participants have already entered, eager to claim a piece of the substantial prize. Additionally, BlockDAG’s offer of a 10% referral bonus is rapidly expanding its community.
Predicting SHIB’s Price: A Surge in Burn Rate
Shiba Inu’s recent actions have removed over 300 million SHIB tokens from circulation, potentially pushing its price towards the $0.001 target. Data from Shibburn points to a massive token elimination, while IntoTheBlock shows a 65% increase in daily active users on Shibarium, with transaction volumes jumping by 181%.
Currently stable at $0.0000170, the market’s sentiment, as indicated by the RSI, shows a balance of buying and selling pressures, yet a rally could be on the horizon with 52% of SHIB traders already profiting.
XRP’s Dwindling Supply: Whales Accumulate More
XRP’s landscape is changing as on-chain data highlights a rise in whale accumulation and a drop in tokens held on exchanges. In the last month, 20 new whales have emerged, each gathering between 1 million to 10 million XRP tokens.
Despite these developments, XRP’s price has only modestly increased by 0.4% to $0.478. A 42% increase in daily trading volume contrasts with a 30% rise in exchange inflows, suggesting some are capitalizing on the recent price movements. With outflows from exchanges up 564%, more holders might be expecting a price increase soon.
BlockDAG’s $2M Giveaway Gains Momentum
BlockDAG, a leading cryptocurrency, has delivered an impressive 1,300% ROI for its early investors, with the price escalating from $0.001 in its initial batch to $0.014 in the 19th batch. The platform has successfully sold 12 billion BDAG coins, generating a substantial $56.9 million in presale revenue.
The excitement in the crypto community is centered around BlockDAG’s $2 million giveaway, which is drawing attention as it offers 50 participants a chance to win big. To be eligible, entrants must partake in the BlockDAG presale and hold at least $100 worth of BDAG. With the competition heating up and 92,000 entries already submitted with just 29 days remaining, now is the perfect time to get involved.
To enter the giveaway, follow these steps: Firstly, follow BlockDAG on social media platforms. Then, provide your wallet address and complete all the quests to enhance your chances of winning. Finally, boost your entries by inviting friends to join. Winners will be selected randomly and announced on BlockDAG’s platforms, with every completed action increasing your odds of winning. As the deadline nears, those who engage early and frequently have better chances of winning.
Furthermore, the BlockDAG Network introduces another pathway to wealth with its enticing referral program. Participants can invite their friends and family to the presale and receive a 10% bonus on the investments made by their referrals.
Everyone is invited to participate and enjoy the opportunities provided by BlockDAG. Whether by winning in the giveaway or earning through referral bonuses, there are numerous chances for significant gains with BlockDAG.
In Conclusion
With SHIB’s promising price indicators and XRP’s dramatic supply reduction, the crypto market is experiencing a mix of high hopes and caution. Amid these dynamics, the spotlight remains firmly on BlockDAG due to its exciting $2 million giveaway, which is swiftly drawing to a close with only 29 days left and 92,000 entries. Now is the prime time to get involved and increase your chances of securing a significant reward.
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
The post BlockDAG’s Mega $2M Giveaway Tempts with 92,000 Entries, XRP’s Stock Slips; SHIB’s Price Peek appeared first on Crypto News Land.