Shiba Inu (SHIB) and XRP are on the rise as the market rebounds after a volatile phase that wiped out early gains. Despite posting bullish numbers, both face short-term volatility. Amidst these developments, BlockDAG, a layer 1 project, has become a preferred destination for inflows due to its long-term potential. The project has gained confidence with the unveiling of its CEO, team, and advisory board, including experts from fintech, crypto, blockchain, and Harvard. The presale has surged past $62.3 million, driven by growing investor interest. BlockDAG’s promising outlook also positions it among the top cryptos to buy.
Shiba Inu (SHIB) Price Analysis and Current Trends
Shiba Inu (SHIB) has recently experienced a 9.33% decrease over the past seven days, bringing attention to its volatile nature. A key factor in this decline is the spike in its 90-day dormant circulation, which rose from 47.46 billion to 211.78 billion tokens. This increase indicates that long-term holders are cashing out, putting downward pressure on the price.
Additionally, SHIB’s exchange inflow surpassed 1 trillion, suggesting intense selling pressure as more tokens are moved to exchanges. Currently, the Shiba Inu (SHIB) price is $0.000017, below both the 20-day and 50-day EMAs. This bearish trend implies further potential declines to $0.000016 if it fails to break above these levels, while a rebound could push it to $0.000021.
XRP ETF and Market Developments
XRP is gaining attention due to SBI Holdings’ moves in the ETF market, sparking speculation about a potential XRP ETF. SBI Holdings, a strong Ripple partner, is forming an investment management company with Franklin Templeton, focusing on digital assets. This venture, with SBI holding a 51% stake and Franklin Templeton 49%, is set to be established by the end of the year.
Ripple President Monica Long supports the idea of an XRP ETF, noting that XRP meets key criteria for such an investment product. However, some experts, like Nate Geraci, believe the market isn’t ready for an XRP spot ETF and that a futures ETF must come first. Additionally, industry voices like The Bearable Bull predict new all-time highs for XRP, driven by factors such as its relisting on exchanges, the launch of AMMs, and a potential Ripple IPO.
BlockDAG: A Top Crypto to Buy with Impressive Presale Performance
BlockDAG’s recent announcement of its new CEO, team, and advisory board has significantly boosted its presale. This unveiling, followed by an AMA with the team on July 30th, has instilled investor confidence, propelling the presale coin to $62.3 million. Antony Turner, the CEO, brings over 20 years of experience in technology companies, including roles at Spirit Blockchain and SwissOne Capital.
The presale success is remarkable, with BlockDAG seeing a 1540% price surge from its initial batch price of $0.001 to its current price of $0.0164 in batch 21. This surge reflects growing investor interest and positions BlockDAG as a top crypto to buy. The involvement of experienced professionals like Youssef Khaoulaj, the Chief Security Officer, adds to the project’s credibility.
BlockDAG’s advisory board features notable figures like Maurice Herlihy, further enhancing its reputation. The project’s strategic approach and strong leadership team make it a promising option for investors seeking substantial returns. With the presale momentum and a solid roadmap, BlockDAG stands out in the competitive crypto market.
The Final Say
While Shiba Inu (SHIB) and XRP offer unique opportunities in the current market rebound, BlockDAG (BDAG) stands out due to its impressive presale performance and strong leadership team. The announcement of its CEO, team, and advisory board, followed by an AMA, boosted its presale to $62.3 million. BlockDAG has seen a 1540% price surge from $0.001 to $0.0164 in batch 21, making it a top crypto to buy. Compared to the fluctuating Shiba Inu (SHIB) price and the potential of an XRP ETF, BlockDAG presents a more stable investment opportunity.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
