Why Analysts Are Bullish on BlockDAG Reaching $1 in 2024 as Shiba Inu and Binance Coin Lag

As the peak investing season unfolds, the crypto market buzzes with one question: “Which crypto to buy in 2024?” Leading analysts spotlight three major contenders: Binance Coin, Shiba Inu, and BlockDAG.

With the peak investing season upon us, the cryptocurrency market is abuzz with one burning question: “Which crypto to buy in 2024?” As investors navigate the vast digital landscape, seeking promising opportunities, three major contenders have captured the attention of leading analysts: Binance Coin, Shiba Inu, and BlockDAG.

Despite significant price drops, Binance Coin continues to dominate the crypto scene. The coin’s trading volume has shown consistent growth, defying the broader market downtrend. This resilience is largely attributed to Binance’s exchange token burn mechanism, which reduces the total BNB supply and typically drives up its price. Currently trading at around $644, Binance Coin is up by 3.48% over the past 24 hours. However, the coin’s price seems to be undergoing a correction after hitting a recent high of $700.

Shiba Inu’s price trajectory closely follows the movements of Bitcoin. When BTC fell below $63,000 after a 7% drop, Shiba Inu’s price also took a hit, plunging 32.72% on June 24. This downturn saw SHIB trading at around $0.000017. However, some analysts are still optimistic about SHIB’s potential for 2024. Despite the coin’s drop to a low of $0.00001689 on June 25, Captain Toblerone predicts a possible rally. Yet, uncertainty looms large, as SHIB would need a 2,564% increase to reach its $0.00045 target.

Binance Coin, on the other hand, saw a significant decline recently. Its current price is much lower than its recent highs, signaling a possible correction phase. The coin’s 4-hour chart shows a price below the EMA, highlighting a bearish outlook. While the MACD indicator suggests a potential recovery, the RSI indicator remains neutral at 47.43. Despite this, Binance Coin’s trading volume continues to rise. Given the current technical indicators and market sentiment, BNB’s future trajectory seems volatile. However, Binance CEO Richard Teng is optimistic about BNB’s potential, predicting that it could reach $847 by the end of the year.

BlockDAG has emerged as a new force in the cryptocurrency market, surging in value by 1,300% since batch one. Rising from $0.001 in batch 1 to $0.014 in batch 19, BlockDAG has attracted the attention of investors and analysts alike. Its presale began on March 27, and the platform has already managed to sell over 11.8 billion coins, raising an impressive $54.7 million in presale revenue At this rate, the platform might match or even exceed Kaspa’s market cap of $3.7 billion.

BlockDAG is a Layer 1 cryptocurrency that utilizes cutting-edge DAG technology to stand out from its competitors This unique architecture enables BlockDAG to achieve high scalability, rapid transaction speeds, and minimal fees, making it an attractive option for both users and investors alike.

Moreover, BlockDAG has devised a strategic 4-month vesting period to replace unstable short-term gains with substantial long-term returns. This move aims to protect investors from market volatility and ensure continued high ROI.

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