SPONSORED POST*
Shiba Inu has raced past Cardano to reach a $16.9 billion market cap, staking a claim among the elite cryptocurrencies. Meanwhile, Ethereum consolidates its stronghold, driving interest in Ethereum ETFs as it pioneers Web3 developments. Amid these advances, BlockDAG stands tall with its keynote 2 release. The event featured the X1 mining app beta and a presale windfall of $40.8 million at an escalating price of $0.0095, signalling a bright future and drawing keen interest from investors and blockchain enthusiasts.
Summary
Shiba Inu Soars Above Cardano in Market Cap
Shiba Inu has hit a significant milestone by overtaking Cardano with a $16.9 billion market cap, landing it among the top ten cryptocurrencies. This remarkable 16% price jump distinguishes it in the crypto arena. In contrast, the popular meme coin Dogecoin only posted slight gains, highlighting Shiba Inu’s impressive ascent.
Despite this achievement, Shiba Inu still trades 66% below its peak from October 2021. Yet, its resilience is evident, supported by a strong community; 70% of SHIB holders remain profitable, many of whom have held on for over a year. This enduring loyalty underscores Shiba Inu’s standout performance against Cardano as the market continues to evolve.
Ethereum Anchors Web3 Expansion, Spurs ETF Buzz
Ethereum is increasingly viewed as pivotal in Web3 expansion, sparking conversations about Ethereum ETF prospects. With the Web3 sector expected to generate $33.5 billion annually by 2030, Ethereum is seen as a “high-growth index for Web3 adoption,” setting it apart from Bitcoin’s “digital gold” narrative.
Ethereum’s recent $500 million staking milestone on Lido highlights its unique position in the crypto landscape. Unlike Bitcoin miners, Ethereum validators have lower operating costs, enabling them to retain their holdings rather than sell, potentially driving further interest in Ethereum ETFs. This operational benefit and substantial staking activity emphasize Ethereum’s strong demand dynamics.
BlockDAG’s keynote 2 Sparks Excitement with New Features and Enhanced Usability
BlockDAG has yet again reshaped the blockchain world with its latest keynote 2, delivering over 45 updates from an innovative lunar setup. This event underscored BlockDAG’s dedication to innovation and scalability through its Directed Acyclic Graph (DAG) architecture, which allows multiple simultaneous transactions, improving transaction speed and network security.
BlockDAG’s low-code/no-code platform represents a significant leap in blockchain accessibility. Allowing users to create meme coins and NFTs with user-friendly tools, templates, and smart contract features democratizes blockchain development, encouraging creativity and participation among non-technical users.
BlockDAG’s (BDAG) coin presale has been a resounding success, raising $40.8 million. Coins are currently priced at $0.0095. From the initial batch at $0.001, this represents substantial growth, with 10.6 billion coins distributed. These figures reflect increasing investor confidence and enthusiasm for the network’s future capabilities.
Additionally, the launch of the X1 mining app beta version highlights BlockDAG’s innovation edge. This app introduces a dynamic way for users to participate in mining, adding a layer of interaction and potential profit. As BlockDAG approaches its mainnet launch, it is poised to impact the future of decentralized technologies significantly.
Final Thoughts
Shiba Inu’s dramatic climb over Cardano marks its rising prominence. Meanwhile, Ethereum continues to underpin the Web3 framework, attracting significant attention towards Ethereum ETFs. BlockDAG, however, steals the spotlight with its keynote 2 and $40.8 million presale success. With its price rising, BlockDAG offers an opportune moment for investors seeking substantial growth in the burgeoning crypto landscape.
Invest in the BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
*This article was paid for. Cryptonomist did not write the article or test the platform.
