The burn rate of Shiba Inu (SHIB) has rocketed by an impressive 1000%, with 6.54 million SHIB removed from circulation in just one day, stirring excitement for a potential price increase. While SHIB is on an upswing, Moo Deng (MOODENG) faces a decline, plummeting 60% in value after reaching a peak.
Concurrently, the presale of BlockDAG is heating up significantly. Whale contributions have surged by $10 million in just 72 hours, pushing the presale to surpass nearing $94 million.
As the $100 million milestone looms, the momentum behind BlockDAG continues to swell, potentially rewarding early adopters with substantial gains as demand for BDAG grows.
Shiba Inu Burn Rate Witnesses Notable Increase
In a single day, Shiba Inu’s (SHIB) burn rate has sharply risen over 1000%, eliminating approximately 6.54 million SHIB from the market. This increase and heightened network activity have ignited analyst excitement about SHIB’s potential for a significant price surge.
One analyst suggests that SHIB might “remove a zero” from its price, targeting the $0.00003747 level. Additionally, SHIB’s Futures Open Interest has climbed by 20%, reflecting increased market demand; its price has increased by 6% within a day. With bullish technical indicators and a growing number of SHIB holders, expectations are high for SHIB’s price to continue its upward trajectory.
Moo Deng Faces Severe Price Drop
Moo Deng (MOODENG) has experienced a severe downturn, losing 60% in value since its peak. This decline has led to waning confidence among its traders, accompanied by reduced trading activity, further depressing its price. The RSI for Moo Deng has slipped below 50, signaling a bearish momentum that complicates potential recovery prospects.
Currently, Moo Deng is hovering at the critical $0.124 support level. A drop below this could see prices fall to $0.099. Conversely, a rebound from this support level could propel its price toward $0.180, potentially reversing the current downtrend. As it stands, the future of Moo Deng remains in flux, with traders closely monitoring its movements.
Whales Contribute $10M in 72 Hours to BlockDAG’s Presale
BlockDAG’s presale is ablaze, having accumulated over nearing $94 million as it nears the $100 million goal! Over the past 72 hours, significant whale activity has injected an additional $10 million, elevating the excitement surrounding BlockDAG to new heights.
This influx signals strong confidence in BlockDAG’s future, enticing more crypto enthusiasts to secure their positions. With over 134 billion coins sold and a total of nearing $94 million, BlockDAG is quickly becoming a hot topic in the crypto community.
This demand spike could have a domino effect, pushing the value of BDAG coins higher as traders rush to participate before prices potentially soar.
Early adopters from batch 1 are already witnessing returns of 1960%, with BDAG priced at $0.0206 in batch 24. As the presale edges closer to the $100 million mark, it is evident that those already in are poised for potentially vast financial gains.
It’s a pivotal moment, and savvy crypto traders recognize BlockDAG as a top crypto acquisition for today. Time is limited for those wishing to grab BDAG before it reaches this significant milestone and prices rocket. The excitement is palpable, and timely action could lead to explosive value growth in holdings.
The Bottom Line
As SHIB’s burn rate climbs and bullish indicators are observed, analysts are watching its next moves closely. Meanwhile, Moo Deng is grappling with challenging conditions, and its future remains uncertain as traders await its potential comeback.
However, BlockDAG distinguishes itself as it approaches a $100 million presale fueled by whales that have contributed $10 million in a brief three-day period. Early participants are well-positioned to benefit as these whale purchases enhance momentum, likely substantially elevating BDAG coin values.
Discover More About BlockDAG:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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