Hyperliquid Surges 20% on Whale Inflows, Shiba Inu Breaks Resistance, BlockDAG Aims for $1

Hyperliquid and Shiba Inu have garnered significant attention this week, with both cryptocurrencies experiencing substantial gains. Hyperliquid's price surged to $43.86 following a massive influx of $12 million from whales between June 9 and 11. This surge was accompanied by a significant boost in open interest, which reached $1.89 billion, and a spike in daily volume exceeding $2.1 billion. The technical indicators, including the MACD crossing bullish and prices holding above all major EMAs, suggest a strong upward momentum. Analysts are closely monitoring the price action, with a break above $43.80 potentially leading to a target of $50 if the momentum continues. Protocol metrics also remain robust, with a total value locked (TVL) of $1.73 billion and daily fees hitting $3 million. Despite slightly overbought conditions indicated by the RSI, the overall sentiment remains bullish if current volume levels are maintained.

Shiba Inu also made notable strides, rallying past $0.0000135 and breaking through a key resistance level. A late-day surge in trading volume, amounting to 975 billion SHIB, fueled this breakout. Technical indicators such as MACD and MFI show bullish signals, and the number of wallets holding SHIB has surpassed 1.511 million. Support levels are building around $0.0000130 to $0.0000132, with the potential for SHIB to climb past $0.0000140 if volume remains strong. The upcoming Shibarium upgrade, which promises improved DeFi scalability and NFT support, is also drawing attention. A recent burn of 320 million SHIB has further tightened the supply, contributing to a positive outlook. Despite overbought signals, traders remain optimistic about the potential for another price jump if momentum continues to build.

Meanwhile, BlockDAG (BDAG) is emerging as a strong contender in the race to reach $1. The project is on the verge of a significant branding milestone with a rumored US partnership that could provide widespread visibility through televised coverage, merchandise collaborations, and digital tie-ins. This aggressive marketing strategy aims to push BDAG into the public eye even before it launches on exchanges. BlockDAG's past collaborations with prominent entities like Inter Milan and UFC have laid the groundwork for this ambitious plan. With over 2 million people already mining BDAG through the X1 app and mining rewards ranging from 20 BDAG per day on the mobile app to 2,000 per day with the X100 rig, the project is gaining traction. The CertiK-audited, EVM-compatible project features community activations like Buyer Battles, further driving adoption. BlockDAG has raised $303 million in its ongoing presale, with over 22.6 billion BDAG coins sold. The project is currently in Batch 29, priced at $0.0276, with a final listing target of $0.05. The $0.0018 special pricing has been extended for six more days, offering new buyers a potential 2,678% return by launch. With clear branding, strong adoption, and a bold pricing window, BDAG is positioning itself to reach the $1 mark faster than many expect.

In summary, the recent price surges in Hyperliquid and Shiba Inu highlight the continued influence of momentum and narrative in the crypto market. Both cryptocurrencies are benefiting from increased volume and attention. BlockDAG, on the other hand, is carving out its own path to success with a strategic branding approach, significant fundraising, and a growing user base. If BlockDAG can maintain its momentum and execute its plans effectively, it could become the next crypto to reach $1, backed by real numbers, real users, and a proactive branding strategy.