Shiba Inu (SHIB) market cap is under pressure as the coin contends with increasing sales, battling to maintain its status among the leading 20 cryptos.
Shiba Inu (SHIB) market cap is under pressure as the coin battles to maintain its status among the leading 20 cryptos amid increasing sales. The coin has seen consistent losses in the past week, pushing it closer to the 20th spot.
However, there could be a reversal as buying trends shift and the broader market recovers. Analysts believe that without renewed interest, Shiba Inu market cap might see further declines.
On the other hand, Near Protocol (NEAR) is seeing bearish sentiment as the crypto experiences significant losses. The past week saw a 24% value reduction for NEAR, followed by a 9.74% fall in the last 24 hours.
Analysts predict that the downturn might continue, potentially leading to a fall to $1.90—a 26% decrease from its current price of $2.56. Technical analyses, such as moving averages and resistance levels, indicate sustained selling pressure.
However, if there’s a rise in buying to mitigate the downward trend, traders could face additional losses.
BlockDAG And SpaceDev’s Partnership To Boost Ecosystem Innovation
BlockDAG has been expanding its global presence through partnerships, like Inter Milan and HackerEarth, boosting its credibility and technological capabilities.
The partnership with SpaceDev will focus on advancing BlockDAG’s ecosystem. SpaceDev’s expertise in software development will be crucial in optimizing BlockDAG’s blockchain framework for greater efficiency and scalability.
Furthermore, SpaceDev will be instrumental in boosting community involvement with BlockDAG through organized hackathons, new developer initiatives, and ambassador programs. SpaceDev is also aiding in administering BlockDAG’s $30 million grants program, which supports promising blockchain startups.
The trading community has responded enthusiastically to these developments. Following the SpaceDev partnership announcement, BlockDAG’s presale has now surpassed $205 million, with over 18.8 billion BDAG sold.
The coin’s price has skyrocketed by 2380% since its initial offering, now priced at $0.0248 in its 27th batch. As the presale rapidly approaches its $600 million goal, analysts are predicting a 30,000x ROI for early participants.
This synergy of strong partnerships and an explosively growing presale is positioning BlockDAG as the next big crypto to watch in 2025.
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