The post $3M in 24 Hours —  Why Crypto Whales Are Rushing to BlockDAG Network as BNB & Shiba Inu Struggle appeared on BitcoinEthereumNews.com.

The digital currency landscape is undergoing significant changes, with Shiba Inu’s future looking optimistic after considerable price volatility this year. Meanwhile, BNB is encountering difficulties as bearish trends become apparent, potentially leading to a decrease in its market value. Crypto enthusiasts are increasingly drawn to BlockDAG, a pioneering presale cryptocurrency that has recorded an exceptional surge, amassing $84.5 million so far. This includes an impressive single-day increase of $2 million, followed by an additional $3 million the next day. BlockDAG is currently promoting a limited-time offer that includes a 50% bonus for buyers until October 14, enhancing its appeal and establishing its prominence in the digital currency space. Shiba Inu Prediction: Observing Its Market Trajectory The forecast for Shiba Inu indicates a potential upturn following a dramatic 300% increase earlier this year, which saw prices rise from $0.00000925 to $0.00004. However, the excitement was brief as the coin subsequently dropped, losing nearly 70% of its gains. The current market trends suggest a possible resurgence for Shiba Inu as it starts to recover. Recent technical analyses provide a hopeful outlook for Shiba Inu, with price movements breaking free from a longstanding downward trend and potentially starting an ascent. This development offers optimism for holders as forecasts now look more favorable for sustaining gains above key resistance levels. BNB Anticipated to Face Downturn Recent evaluations point to worrying signs for Binance Coin (BNB) with the emergence of a bearish pattern indicating a possible decrease in BNB’s price. Initially peaking, the digital currency now faces potential declines, spurred by a triple-top pattern identified in daily charts. Additionally, an evening star candlestick pattern near the $605 resistance level further supports the bearish perspective, signaling a transition from an uptrend to a downtrend. These technical signs, alongside negative market sentiments, suggest BNB might see further price…

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Filed under: News - @ October 5, 2024 10:09 pm