Bitcoin News Today: Shiba Inu Slows, Dogecoin Tests $0.19, BlockDAG Rises 2,660% in Presale

Shiba Inu (SHIB) has seen a noticeable decline in volatility and hype in recent weeks as major holders reduce their activities and the broader market stabilizes [1]. One of the most notable whale movements occurred in 2020, when a single investor turned a $3,800 investment into over $109 million by holding 15.28 trillion SHIB. Despite still holding 2.15 trillion SHIB valued at $52 million, the recent slowdown in activity suggests SHIB is entering a phase of consolidation rather than explosive growth [1]. Many early adopters are choosing to cash out or sit on the sidelines, and for now, SHIB’s momentum appears to be waning.

Meanwhile, Dogecoin (DOGE) is facing a critical moment as it tests the $0.19 support level [1]. The coin has lost 30% of its value since its July peak, and technical indicators like RSI and MACD show weakening momentum. However, some traders are optimistic that DOGE could experience a short-term bounce if the 4-hour RSI mirrors the rally pattern seen in June. A successful rebound could see the price climb by 70% to around $0.34. Futures data further supports a cautious bullish outlook, with long positions outnumbering shorts by a 3.6-to-1 ratio across major exchanges [1].

While SHIB and DOGE remain in wait-and-see mode, BlockDAG (BDAG) is generating considerable momentum with its innovative approach to trading and engagement. The project has launched a live trading dashboard, offering early access to real-time trading tools before its official exchange listing [1]. This interactive platform allows users to buy, sell, track price movements, and monitor order books—all while the token is still in presale. In parallel, BlockDAG has launched a 10 BTC auction running until August 11, incentivizing participation by offering Bitcoin rewards proportional to the amount of BDAG purchased. Only active buyers are eligible, ensuring that the auction drives genuine engagement [1].

The project has already raised over $367 million and sold more than 24.8 billion BDAG tokens, with the price rising 2,660% from $0.001 in Batch 1 to $0.0276 in Batch 29 [1]. A limited-time offer of $0.0016 is currently available, drawing renewed interest ahead of the August 11 global launch. Beyond token sales, BlockDAG is also seeing strong hardware demand, with over $7.7 million in miner sales and 19,000 units shipped to date [1]. These figures indicate that the project is focused on infrastructure and long-term sustainability, not just short-term hype.

As the crypto market shifts, the contrast between SHIB and DOGE on one side and BlockDAG on the other becomes increasingly clear. SHIB and DOGE are navigating a period of uncertainty, with price outcomes dependent on market sentiment and key support levels. In contrast, BlockDAG is proactively building a live trading environment and creating incentives for participation, positioning itself as a rising contender in the 2025 crypto landscape [1].

Source: [1] SHIB Cools Off, DOGE Battles $0.19, & BlockDAG Heats Up With 10 BTC Auction & Real-Time Trading (https://coinmarketcap.com/community/articles/689743d9bae55106d6a75d13/)