MT: BDAG’s Keynote 2 boosts presale, overshadowing Cardano speculation as SHIB declines

Despite Cardano showing promising bullish trends based on strong RSI and MACD signals, Shiba Inu’s market performance faltered with a more than 7% drop in value last week. Attention in the crypto community has now turned to BlockDAG (BDAG) following the launch of its lunar-themed second keynote.

This event, packed with critical updates and insights, has significantly heightened interest and investment in BlockDAG, driving its presale to surpass $50.2 million, with 11.4 billion coins sold across its 18 batches. Analysts predict BDAG could potentially reach $30 by 2023, offering an extraordinary 30,000x return on investment.

Optimistic outlook for Cardano

Cardano has seen a modest increase in value and nearly 10% rise in trade volume. Founder Charles Hoskinson has actively defended the platform amid criticisms, emphasizing an upcoming major hard fork and growth in community-driven decentralized applications (DApps).

Although daily users number around 50,000, Hoskinson highlights Cardano’s pivotal role in scaling research and development. Positive signals from RSI and MACD indicate potential resistance levels rising to $0.4948 and possibly peaking at $0.5607 or higher with continued positive momentum.

Shiba Inu faces 7% value decline

The past week was challenging for Shiba Inu (SHIB) investors as the cryptocurrency dropped over 7%, now trading at $0.000025. Despite this setback, a notable investor who previously succeeded with SHIB invested $18 million to acquire 715.9 billion tokens, signaling confidence in a potential market recovery.

Trading data shows increased buying sentiment with higher exchange outflows and more tokens available outside exchanges. However, despite some bullish indicators, critical market signals like RSI and CMF suggest a possible drop to $0.0000207, though positive momentum could push SHIB’s price up to $0.0000294.

BlockDAG’s second Keynote drives ambitious market predictions

BlockDAG’s recent second keynote highlighted significant achievements, earning accolades from Forbes and Bloomberg, and endorsements from key figures in the cryptocurrency sector. The event introduced the beta release of the BlockDAG X1 crypto mining app, praised as top-notch in crypto mining, alongside several blockchain improvements, introduction of a fully human operational team, extensive marketing strategies, and roadmap refinements. With 45 development updates on their website, BlockDAG demonstrates its commitment to ongoing innovation.

The keynote also highlighted BlockDAG’s DAG framework, enhancing scalability with concurrent transaction validations, and announced a Low Code/No Code platform, with a mainnet launch planned four months after the mid-August testnet. Analysts are optimistic about BDAG’s price trajectory, with daily presale earnings expected at $5 million and daily raises surpassing $500k, driven by excitement over its projected $30 price target by 2030.

Currently in its 18th presale batch, raising $50.2 million at $0.0122 per coin, BlockDAG has surged 1120% since its first batch. With a projected $0.05 price by the 45th batch, representing a 4900% increase, and potential for a 30,000x ROI, the consistent 50% growth per batch is attracting more investors, solidifying BlockDAG’s position in the crypto market.

Final thoughts

While Cardano and Shiba Inu experience their respective market movements, BlockDAG’s significant strides following its second keynote are capturing attention. As it progresses through its 18th batch, market experts foresee BlockDAG’s potential to achieve $30 by 2030, offering substantial return on investment opportunities.