Bitcoin News Today: Nexchain Presale Gains Momentum as Bitcoin and Shiba Inu Stagnate

Nexchain is emerging as a notable player in the cryptocurrency presale market, drawing attention amid a slowdown in major coins like Bitcoin (BTC) and Shiba Inu (SHIB). The project is currently in Stage 24 of its presale, having raised over $8 million, with NEX tokens priced at $0.096. Its utility-driven design includes cross-chain compatibility, AI-integrated blockchain automation, and early access to staking and smart contract tools—features not commonly found in early-stage presales [1].

Bitcoin has been consolidating within a narrow range, bounded by its 50-day and 26-day EMAs at $112,600 and above $116,000, respectively. The RSI sits at 52, indicating waning upward momentum. On-chain data reveals long-term holders have realized roughly $44 million in profits recently, yet neither buyers nor sellers have managed to establish a dominant trend. The price remains in a holding pattern, with no clear catalyst to push it beyond current levels [1].

Shiba Inu has similarly shown signs of weakness, failing to break past its 50-day EMA near $0.00001296. Low trading volume and the absence of significant buying pressure have kept the token in a bearish pattern. This underperformance may signal trader hesitancy to re-enter the market at these levels, especially given the token’s lack of recent momentum [1].

Nexchain’s approach stands in contrast to these established projects. By offering early access to a functional testnet, active staking rewards, and a transparent tokenomics model, the platform is attracting both developers and investors who prioritize infrastructure and real-world utility over speculative gains. The project’s early-stage features, including gas fee-sharing and AI-enhanced smart contracts, are seen as competitive advantages in a market increasingly skeptical of hype-driven tokens [1].

The broader cryptocurrency market remains in a state of indecision, with leading assets like BTC and SHIB unable to break free of technical constraints. In this environment, projects like Nexchain—offering tangible development, utility, and active community participation—are gaining traction. Analysts suggest that investor interest is shifting toward projects with clear use cases and scalable infrastructure, particularly as market leaders struggle to deliver consistent performance [1].

Nexchain’s testnet is set to launch on August 8, 2025, providing a live demonstration of its platform’s capabilities. With APIs and SDKs already accessible to developers, the project is accelerating its path toward mainnet deployment. This focus on delivering functional tools and real-time rewards is positioning Nexchain as a standout option in the 2025 presale landscape [1].

Source:

[1] BTC, SHIB Slow Down While Nexchain Crypto Presale Builds (https://coindoo.com/btc-shib-slow-down-while-nexchain-crypto-presale-builds/)

[2] Best Cryptos to Stake: Punisher Coin vs Shiba Inu vs Chill (https://crypto-economy.com/best-passive-income-crypto-punisher-coin-crushes-shib-and-chillguy-with-30-bonus-staking-usdt-rewards-system/)