BlockDAG Presale Surpasses $368M as Avalanche TVL Rises 90% and Shiba Inu Holds Key Support

BlockDAG has surpassed the $368 million mark in its presale, with the $0.0016 Global Launch price set to close on August 11, creating urgency among investors to secure their tokens before the price jumps to $0.0276 and eventually $0.05 post-launch. Meanwhile, Avalanche (AVAX) and Shiba Inu (SHIB) are showing technical signs of potential breakouts, drawing attention from traders seeking momentum-driven opportunities [1].

Avalanche’s ecosystem continues to strengthen, with total value locked (TVL) rising 90% since March to reach $1.9 billion. On technical charts, AVAX has recently tested the 0.618 Fibonacci retracement level and appears poised to move toward the 1.618 extension at $34.20. The $17.20 point of control provides strong support, while rising RSI and KDJ indicators suggest a bullish reversal is likely. If AVAX can push past the $36–$43 resistance zone, it could set the stage for a mid-term move toward $72–$89 [1].

Shiba Inu (SHIB) has seen a 9% weekly drop to $0.000012 but remains 7% higher over the month. The $0.00001200 support level has held, initiating a bounce toward $0.00001250. On-chain data indicates that SHIB exchange reserves are near their lowest in a year, signaling limited selling pressure. The Chaikin Money Flow indicator shows bullish divergence, hinting at quiet accumulation despite the recent pullback. From a chart perspective, SHIB remains in an ascending triangle pattern, with key resistance levels at $0.00001258, $0.00001318, and $0.00001368. A confirmed break above $0.00001599 could establish a new higher high and reposition SHIB among the top cryptos to watch in 2025 [1].

BlockDAG’s presale has also introduced a unique blend of features designed to enhance transparency and user experience. The Dashboard V4 now allows participants to engage in a live exchange environment, with real-time price charts, buy/sell orders, and referral tracking. Gamification elements like leaderboards and bonus calculators add an engaging layer to the investment experience. Additionally, the 10 BTC Auction provides an incentive for early buyers, as all presale participants before August 11 are automatically entered for a share of 10 Bitcoin [1].

Product-wise, BlockDAG has demonstrated its mining capabilities through the X1 and X10 Live Demo. The X10 hardware miner is capable of generating up to 200 BDAG per day, a tenfold increase compared to the X1 mobile app. These tools are built for user-friendly access without requiring technical expertise. On the branding front, BlockDAG has expanded its reach through partnerships with the Seattle Seawolves and Seattle Orcas, offering NFTs, fan tokens, and interactive content to global sports audiences [1].

With 2.5 million X1 app users, 20 confirmed exchange listings, and a hybrid blockchain-DAG system enabling fast transactions, BlockDAG is operating like a live network even before its official launch. The ticking countdown toward the $0.0016 price closure creates a sense of urgency, positioning BDAG as a strong contender among potential top cryptos to buy in 2025 [1].

Avalanche and Shiba Inu remain viable long-term plays, particularly for breakout traders who are patient and able to hold through potential volatility. However, BlockDAG’s structured price window and product-driven approach offer a time-sensitive edge that is difficult to ignore in the current market climate. As the presale closes in on its final days, the focus remains on whether the project can maintain its momentum and solidify its position in the broader crypto landscape [1].

Source: [1] BlockDAG Hits $368M as Avalanche and Shiba Inu Prepare for Breakouts (https://coinmarketcap.com/community/articles/689996188aba23613332a01b/)