BlockDAG Hits $368M Presale as Avalanche Targets $80 and Shiba Inu Maintains Gains

The cryptocurrency market is currently witnessing a convergence of three strong narratives as BlockDAG, Avalanche, and Shiba Inu show distinct but compelling momentum. BlockDAG (BDAG) has raised $368 million through its ongoing presale, offering a time-limited $0.0016 launch price that expires on August 11. After this date, the price will revert to $0.0276 and eventually $0.05, making the current window a unique entry point for investors [1]. The project has also introduced Dashboard V4, a platform that simulates a real exchange with live order books, charts, and referral tracking, enhancing user engagement [1]. A 10 BTC raffle is further incentivizing participation, with larger purchases increasing the chance of winning a share of the prize.

Avalanche (AVAX) is showing signs of technical strength, supported by a 90% increase in total value locked (TVL) since March, reaching $1.9 billion. The price recently reached the 0.618 Fibonacci retracement level and is consolidating before a potential push toward the 1.618 extension at $34.20. A rebound from $17.20 is supported by upward-moving RSI and KDJ indicators, suggesting a trend reversal. The next key resistance is between $36 and $43, and a breakout here could position AVAX for a move toward $72–$89. If it remains above the $20–$23 support zone, analysts suggest AVAX could climb past $80 [1].

Shiba Inu (SHIB) has experienced a 9% weekly decline to $0.000012, but remains 7% higher for the month. The price has found strong support at $0.00001200, fueling a rebound toward immediate resistance at $0.00001250. On-chain data shows SHIB’s exchange reserves near yearly lows, indicating reduced selling pressure. The Chaikin Money Flow indicator also shows bullish divergence, suggesting accumulation behind the recent price drop. SHIB is forming an ascending triangle, with resistance at $0.00001258, $0.00001318, and $0.00001368. A confirmed move above $0.00001599 would mark a new high on the chart and reinforce its status as a top contender for 2025 [1].

BlockDAG’s growth is further supported by a growing ecosystem, including sports partnerships with teams like the Seattle Seawolves and Seattle Orcas, blending NFTs, fan rewards, and interactive tools for a global audience. The project has secured 20 exchange listings, deployed high-speed DAG technology, and reached over 2.5 million X1 app users. The X1 and X10 Live Demo platforms highlight the network’s mining capabilities, with the X10 miner producing up to 200 BDAG per day [1].

The final outlook suggests that Avalanche continues to build strength with multi-timeframe alignment and network growth, positioning it for potential price gains if key resistance levels are broken. Shiba Inu maintains a bullish structure with stable holders and on-chain accumulation, keeping it in contention for a breakout. BlockDAG, meanwhile, offers a unique combination of fixed-time pricing, ready infrastructure, and growing partnerships, making it a standout in the current market [1].

Sources:

[1] title: BlockDAG Rockets To $368M With Special $0.0016 Price Ending Soon While Avalanche Eyes $80 And Shiba Inu Holds Gains

url: https://coinmarketcap.com/community/articles/6898dd1e4aa6a72cbd7c7553/