 "BlockDAG unveils 4-month vesting plan with $100M liquidity boost at launch amidst ETH trading surge & growing market confidence in SHIB")
BlockDAG, having raised $21.4M and sold over 8.1 billion coins till its 10th batch, will launch with $100 million in liquidity support and a fixed 4-month vesting period to foster trust and equitable participation among investors. Meanwhile, Ethereum trading is undergoing a reversal, transitioning from a bullish to a bearish trend at a critical technical juncture. Additionally, Shiba Inu’s market capitalisation has experienced a marginal decline of 1.3 per cent, settling at approximately $15.64 Billion.
Ethereum Trading: Bearish Trend Analysis and Potential Reversal Signals
Ethereum trading witnessed a downturn, hinting at a continuing bearish trend. It’s transitioning from bullish to bearish, as seen in key technical indicators.
Rejection at the middle Bollinger Band and $3,300 resistance confirms this, matching April 13’s anchor bar, signaling the bearish continuation.
Currently, Ethereum is within a bearish breakout formation, down 3 per cent in the last day but stable, with a 6 per cent weekly increase.
Bulls need to resist downward pressure, requiring strength and volume spikes. Average trading volume in the last 24 hours rose 30 per cent to $14 billion, indicating increased selling. Like Bitcoin and altcoins, ETH/USD is sliding bearish, but traders anticipate a reversal. However, the prevailing path remains southward, with selling entries below $3,300 targeting April 2024 lows at $3,000. A breakout above $3,300 with increased volume would challenge this bearish outlook.
Shiba Inu: Surging Value and Burn Rate Impact
Shiba Inu Coin, a leading meme coin, surged by over 2 per cent in the past 24 hours, signaling growing investor confidence. Trading at $0.00002618, its market cap slightly decreased to $15.64 billion, yet it maintains a top 15 position globally.
Impact Shorts
More ShortsTrade volume surged by 45.12 per cent, indicating increased interest.
Despite a 4 per cent drop last month, SHIB saw a 22 per cent rise over the week, now ranging between $0.000021 and $0.0000278.
In the last 24 hours, SHIB’s burn rate skyrocketed by approximately 2200 per cent, eliminating 1.84 million tokens. This surge, alongside a bullish market activity, fuels optimism. SHIB faces resistance at $0.000027, aiming for $0.00005. Support lies at $0.000026, with a potential drop to $0.000025. Selling pressure may lead below $0.000009, signaling a bearish trend. With these dynamics, SHIB price predictions remain a topic of interest among investors.
BlockDAG’s Presale Triumphs & Vesting Strategy
BlockDAG has reached stage 10, amassing an impressive $21.4 Million in its ongoing presale. Following the successful launch of DAGpaper in a notable appearance at the Las Vegas Sphere, BlockDAG is now venturing into uncharted territory, teasing a promo for a keynote video set on the moon. With a well-defined roadmap, including a 6-month mainnet launch and an ambitious goal to reach $600 million in 2024, analysts are projecting a high return potential of 30,000x for BlockDAG, setting as one of the top cryptos to buy.
At launch, BlockDAG will be backed by $100 million in liquidity and will implement a vesting strategy to support project stability and long-term goals. This approach aims to maintain stability and prevent market volatility. In addition to liquidity provision, a vesting period is being introduced for presale coin holders. This measure serves to safeguard the value of the coins and emphasises dedication to responsible coin distribution.
Moreover, BlockDAG strategically displayed a keynote video at Shibuya Crossing, a bustling Tokyo hotspot renowned for its high foot traffic and global recognition.
This innovative approach signifies BlockDAG’s strategy to capture the cryptocurrency market’s attention. Leveraging such a widely recognised location, BlockDAG successfully boosted visibility and ignited significant interest in its new cryptocurrency offering, showcasing the power of strategic marketing in the competitive crypto space.
Final Thought
Ethereum trading is currently within a bearish breakout formation, encountering downward pressure, while Shiba Inu surges amidst bullish market activity, boosting optimism for SHIB price predictions.
Meanwhile, in a bid to underscore long-term growth, BlockDAG has implemented a vesting period for coins acquired during our presale, aiming to align investor interests with the project’s enduring success. This strategic maneuver is underscored by the presale’s success in amassing $21.4M and selling over 8.1B coins, positioning BlockDAG as one of the top cryptos to buy.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Above mentioned article is consumer connect initiative.
This article is a paid publication and does not have journalistic/editorial involvement of Firstpost and Firstpost claims no responsibility whatsoever.
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