Cardano’s value has been consolidating with mixed sentiment, as Binance remains bullish while OKX leans bearish. Meanwhile, amid the ongoing Avalanche vs. Solana debate, Shiba Inu (SHIB) has surpassed Avalanche by market cap. On the other hand, BlockDAG‘s presale continues to grow as miners sales reach $2.98 million from selling over 6,778 miners.
This boost in miners’ sales came after its first keynote video went viral after being aired at Tokyo’s Shibuya Crossing, capturing significant attention in the crypto community, solidifying its position as a top layer-1 cryptocurrency. The keynote delved into BlockDAG’s passive income streams and explained how to make money with BlockDAG, while highlighting the capabilities of its X mining series that cater to different scales and efficiency levels.
Cardano Value Stagnates Amid Mixed Market Sentiment
Cardano’s value has been consolidating between $0.40 and $0.46, recently priced at $0.44 with a 0.7% decrease. The derivatives market shows mixed sentiment, with Binance bullish and OKX bearish. Despite some bullish sentiment in long/short ratios, reduced volume and options activity suggest a limited potential for a breakout.
ADA’s 50-period Moving Average has dipped below the 200-period Moving Average, indicating a bearish short-term outlook. The RSI at 45.33 supports a neutral to slightly bearish sentiment. Cardano’s Fear and Greed Index indicates ‘Fear,’ with negative ratings across several indicators, suggesting reduced market activity and potential sell pressure. Social activity is also declining, impacting Cardano’s value.
Shiba Inu Surpasses Avalanche in Market Cap
The digital currency ecosystem saw Mt. Gox repaying its customers, causing selling pressure on Bitcoin (BTC) and other altcoins. Despite this, Shiba Inu (SHIB) surpassed Avalanche by market cap, highlighting the ongoing Avalanche vs. Shiba Inu rivalry.
SHIB’s price dropped by 0.62%, with a market cap of $14.59 billion. AVAX’s price fell by 0.67%, with a market cap of $14.51 billion. Over the past week, SHIB’s loss was milder at 2.51%, compared to AVAX’s 8.5% drop. Shiba Inu aims to challenge Cardano (ADA), which currently has a market cap of $16.3 billion.
BlockDAG’s Game-Changing Keynote
BlockDAG has gained significant momentum in the cryptocurrency market by enhancing its visibility through appearances at iconic locations worldwide, from Japan to Las Vegas and London. The journey began with the launch of its keynote video at Tokyo’s Shibuya Crossing, offering insights into its project and products.
This strategic move highlighted BlockDAG’s integration with prominent DeFi exchange platforms like Bitget and CoinEx, and introduced its mining devices and a crypto payment card. Developed with top banking-as-a-service providers, this card enables seamless spending of BDAG and other cryptocurrencies at $38.4 million merchants globally, without transaction approvals or complex KYC procedures, underscoring BlockDAG’s commitment to innovation.
Moreover, BlockDAG’s X series miners provide an excellent passive income stream. The X series include the X1, X10, X30, and X100 miners, catering to different scales and efficiency levels. The X10, with a 100 MH/s hash rate, is perfect for beginners, yielding up to 200 BDAG daily. The X30, offering 280 GH/s, suits more experienced miners, while the X100, boasting a 2 TH/s hash rate, is ideal for large-scale operations, producing up to 2000 BDAG daily. Mining BDAG coins offers significant passive income, and these coins can be traded on various exchanges for additional profit. The keynote also highlighted the ease of reselling BlockDAG miners, providing another income stream.
Final Thoughts
BlockDAG’s first keynote captured significant attention in the crypto community, solidifying its position as a top layer-1 cryptocurrency. While Cardano’s value has been consolidating with mixed sentiment, and Shiba Inu has surpassed Avalanche by market cap amid the ongoing Avalanche vs. Solana debate, BlockDAG’s presale has amassed $38.4 million, with $2.98 million raised from selling over 6,778 miners, underscoring its immense potential. The keynote detailed BlockDAG’s passive income streams and how to make money with its X series miners, showcasing innovative capabilities for different scales and efficiency levels.
Invest in the BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
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