BlockDAG Establishes Swiss Foundation: Enhancing Transparency & Governance

BlockDAG is making significant strides towards long-term success by establishing a Swiss Foundation. This move aims to manage the funds raised during its presale

Despite Shiba Inu's continuous downtrend since March 2024, the coin remains a popular topic among crypto enthusiasts. However, the declining investor activity and the MVRV (Market Value to Realized Value) ratio, currently at -8%, indicate that many SHIB holders are still experiencing losses.

Historically, an MVRV between -8% and -18% has been a signal for potential accumulation. Shiba Inu's price now stands at $0.00001345, struggling to break the downtrend but showing signs of a possible recovery.

If the price breaches the resistance at $0.00001473, it could spark renewed interest among investors. However, failure to do so may result in continued consolidation, which could reduce enthusiasm for the coin and affect Shiba Inu adoption.

Shiba Inu has seen better days, with the coin experiencing a 60% price decline in the last three months. Currently trading at $0.00001752, BONK has faced challenges in maintaining its momentum, with the price falling below the 200-day EMA (Exponential Moving Average).

The token's future largely depends on its ability to hold the critical support level at $0.00001500. If BONK breaches the $0.00002000 mark, it could signal a bullish reversal.

However, the token might find lower support levels around $0.00001300 if the bearish trend continues. The ongoing partnership with Baseball United adds a layer of optimism, potentially boosting BONK's visibility and adoption in the future.

But, the market's current sentiment remains cautious, with investors watching closely for signs of a recovery in 2024.

BlockDAG has taken a significant step towards long-term success by establishing a Swiss Foundation to manage the funds raised during its presale.

This move aims to ensure that the funds are utilised effectively for the community's benefit, enhancing transparency and governance within the BlockDAG ecosystem. Importantly, the funds will be managed independently, with no direct access by the BlockDAG team or founders.

This reinforces the project's commitment to building a community-centered platform, where the community has a say in the funds' allocation.

As BlockDAG continues to attract attention in the crypto world, its ongoing presale success, with a significant $68.3 million raised, reflects strong market confidence and positions BlockDAG as a top choice in the crypto market for 2024.

The early holders have already recognised its potential, with the BDAG coin price surging by 1680% from its initial price of $0.001 to $0.0178 in batch 22. This momentum, coupled with the security of the Swiss Foundation, makes BlockDAG a compelling opportunity for crypto traders.

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