Cardano’s price is hovering in uncertain waters, with Binance optimistic and OKX cautioning. Meanwhile, as the debate between Avalanche and Solana continues, Shiba Inu has nudged ahead of Avalanche in market capitalization. Amidst this, BlockDAG’s ongoing presale has boosted its miner sales, reaching a remarkable $3 million from over 6,700 units sold.
This surge in sales was sparked by BlockDAG’s inaugural keynote, which went viral after premiering at Tokyo’s Shibuya Crossing. The keynote drew widespread attention in the cryptocurrency community and cemented its status as a leading layer-1 crypto. The keynote explored various passive income avenues BlockDAG offers, particularly through its X mining series designed for efficiency and scalability.
Cardano Navigates Mixed Signals in the Market
Cardano’s price is currently caught in a consolidation phase, fluctuating between $0.40 and $0.46, with its latest rate at $0.44, down by 0.7%. The derivatives market reflects divided sentiments, with Binance showing confidence and OKX taking a cautious stance. Although some optimistic indicators exist, the overall reduced trading volume and low options activity indicate scant chances of a significant breakout soon.
The technical indicators reveal a bearish trend, with ADA’s 50-period Moving Average slipping below the 200-period Moving Average. The RSI, at 45.33, supports a neutral to slightly negative outlook. The prevailing ‘Fear’ on the Fear and Greed Index, along with downturns in several metrics, hints at decreasing market activity and potential selling pressures. Additionally, a decline in social engagement also weighs on Cardano’s market performance.
Shiba Inu Edges Out Avalanche in Market Cap Battle
The crypto environment feels the effects of Mt. Gox’s repayments to its customers, putting downward pressure on Bitcoin and other altcoins. Despite these conditions, Shiba Inu has managed to edge out Avalanche regarding market cap, intensifying the rivalry between the two.
Currently, SHIB has declined by 0.62%, reaching a market cap of $14.59 billion, whereas AVAX has seen a slightly larger drop of 0.67%, bringing its market cap down to $14.51 billion. Over the last week, SHIB’s decrease was less severe at 2.51%, compared to AVAX’s 8.5% fall. Shiba Inu is now setting its sights on surpassing Cardano, which holds a market cap of $16.3 billion.
BlockDAG’s Groundbreaking Keynote Draws Global Attention
BlockDAG has been making waves across the global crypto stage, showcasing its project at notable landmarks from Japan to Las Vegas and London. The kickoff of this global tour was marked by the launch of its keynote at Tokyo’s Shibuya Crossing, which provided a deep dive into its initiatives and offerings.
This strategic showcase highlighted BlockDAG’s collaboration with major DeFi platforms such as Bitget and CoinEx and introduced its mining solutions and a revolutionary crypto payment card. Developed in conjunction with top banking-as-a-service providers, this card facilitates the seamless expenditure of BDAG and other cryptocurrencies at over a million merchants worldwide, simplifying transactions without the need for standard approvals or complex KYC processes. It showcases BlockDAG’s commitment to innovative solutions.
Additionally, BlockDAG’s X series miners offer a lucrative source of passive income. Models like the X1, X10, X30, and X100 provide varying levels of mining power, from beginner-friendly to industrial-grade capabilities, promising substantial daily BDAG earnings. These miners generate a steady income and can be resold, providing an additional revenue stream.
Final Thoughts
BlockDAG’s first keynote enhanced its profile as a premier layer-1 cryptocurrency and significantly boosted its miner sales, amassing $3 million from the sale of over 6,700 units. While Cardano wrestles with mixed market sentiment and Shiba Inu overtakes Avalanche in market cap amid the ongoing crypto rivalry, BlockDAG’s presale continues to thrive, showcasing its X series miners as a powerful means of earning passive income and demonstrating its innovative edge in the competitive crypto landscape.
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
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
