BlockDAG Presale Surpasses $383M as SHIB Burn Rate Drops 44%

SHIB’s burn rate has dropped 44% in recent sessions, raising concerns about the sustainability of its supply reduction strategy [1]. This decline comes as the token trades near $0.00001250, with bearish technical patterns forming as lower highs and lower lows emerge. Daily trading volume surged 101% to $212 million, indicating heightened interest but also potential profit-taking pressure. The reduced burn rate could signal a weakening in the token’s narrative of scarcity, which has long been a key factor in supporting its value.

Meanwhile, Ethena’s ENA token is consolidating near $0.67, a level supported by the 0.618 Fibonacci retracement and the Bollinger Bands midpoint [1]. The asset is showing signs of accumulation, with rising volume and stabilizing momentum indicators suggesting a potential breakout above $0.75. If this key resistance is breached, the $0.96 level becomes the next target. Analysts are closely watching the price action, as a successful push beyond this threshold could reinforce ENA’s positioning as a high-potential mid-cap altcoin.

In contrast, BlockDAG (BDAG) is capturing market attention with a novel hybrid consensus model that combines Directed Acyclic Graph (DAG) with Proof of Work (PoW) [1]. This approach addresses the scalability and security challenges that have long plagued blockchain networks. A live testnet is already in operation, and miner integration is underway. The project’s presale has now surpassed $383 million, with more than 25.4 billion coins sold across 29 batches. The price has climbed from $0.001 to $0.0276, reflecting a 2,660% increase since the initial offering.

BlockDAG’s success in raising capital and demonstrating technical progress is setting it apart from more speculative projects. The hybrid model allows for parallel transaction processing, reducing congestion and enabling faster confirmations. This innovation has attracted both retail and institutional investors, with the testnet already showing the model’s viability in practice [1].

The broader crypto market is showing a shift in capital flows toward projects that offer tangible utility and technical innovation. While SHIB and ENA remain in a tug-of-war for short-term momentum, BlockDAG is charting a different path by delivering measurable results. Its ability to combine scalability with security positions it as a strong contender in the evolving blockchain landscape.

Source: [1] BlockDAG Presale Surges $383M, SHIB Burn Drops, ENA ... (https://blockchainreporter.net/shib-burn-rate-plunges-44-ena-targets-0-96-while-blockdags-dag-pow-presale-surges-past-383m/)