BlockDAG’s Shibuya Keynote Spikes Miner Sales to $3M; Insights on ADA and the AVAX vs Shiba Inu Clash

Cardano’s market price has been hovering with uncertain sentiment, supported by Binance’s optimism and OKX’s scepticism. Meanwhile, despite the ongoing Avalanche versus Solana discourse, Shiba Inu has edged out Avalanche in market cap rankings. Amidst this, BlockDAG’s presale flourishes with $39.2 million as miner sales soar to $3 million from over 6,700 units sold.

Read CRYPTONEWSLAND on google news

This surge in sales followed the broadcast of BlockDAG’s inaugural keynote in Tokyo’s Shibuya Crossing, which went viral, cementing its reputation as a leading layer-1 crypto. The presentation covered BlockDAG’s passive income options and demonstrated the profit-making potential of its X mining series, catering to various user needs and efficiency levels.

Cardano’s Market Valuation Stabilizes Amid Mixed Signals

Cardano’s price is caught in a narrow band between $0.40 and $0.46, recently trading at $0.44 with a slight dip of 0.7%. The derivatives market sends mixed signals, with bullish views from Binance and bearish outlooks from OKX. Despite some positive trading indicators, low trading volumes and subdued options activity hint at a constrained breakout potential.

The technical analysis shows ADA’s 50-period Moving Average trailing below the 200-period, suggesting a bearish near-term trend. An RSI of 45.33 aligns with a neutral to mildly bearish sentiment. Cardano’s Fear and Greed Index points to ‘Fear,’ with several indicators signalling a slowdown in market activity and potential selling pressure. Declining social engagement further impacts Cardano’s market value.

Shiba Inu Climbs Over Avalanche in Market Cap

In the crypto ecosystem, Mt. Gox’s repayment has put downward pressure on Bitcoin and other altcoins. Amid these conditions, Shiba Inu has surpassed Avalanche in terms of market cap, underlining the fierce rivalry between the two.

SHIB’s price has dipped by 0.62%, bringing its market cap to $14.59 billion. Meanwhile, AVAX has seen a slightly larger drop of 0.67%, with its market cap at $14.51 billion. Over the last week, SHIB’s losses were less severe at 2.51% compared to AVAX’s 8.5% drop. Shiba Inu is now setting its sights on overtaking Cardano, which currently boasts a $16.3 billion market cap.

BlockDAG’s Landmark Keynote Marks a Milestone

BlockDAG has been making waves globally from Japan to Las Vegas and London, starting with a strategic keynote at Tokyo’s Shibuya Crossing. This event shed light on BlockDAG’s integration with major DeFi exchanges such as Bitget and CoinEx and introduced its mining devices alongside a revolutionary crypto payment card. 

This card, developed with leading banking-as-a-service providers, facilitates the effortless spending of BDAG and other cryptocurrencies at over a million merchants worldwide, bypassing traditional transaction approvals and intricate KYC processes, reflecting BlockDAG’s commitment to cutting-edge solutions.

BlockDAG’s X series miners are also touted as lucrative passive income generators. From the beginner-friendly X10 with a 100 MH/s hash rate to the industrial-grade X100 boasting a 2 TH/s hash rate, these miners support varying mining operations and promise substantial daily BDAG earnings. The keynote also emphasized the ease of reselling these mining devices, offering an additional revenue stream with $39.2 million earned in presale.

Final Thoughts

BlockDAG’s debut keynote amplified its status as a premier layer-1 cryptocurrency and spotlighted its substantial presale achievements, with $3 million raised from over 6,700 miners sold. While Cardano navigates through mixed market sentiments and Shiba Inu overtakes Avalanche in market cap amid the Avalanche vs Solana debate, BlockDAG stands out with its robust sales and a detailed showcase of its X series miners, illustrating the extensive possibilities for generating passive income and innovative mining solutions.

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