Burn Surge and Bearish Shifts Clash as BlockDAG Rises

SHIB burn activity has shown extreme volatility in recent days, with reports of a burn rate surging by 1,681.8% within a 24-hour period, removing 1.2 million tokens from circulation [1]. This spike follows a seven-day cumulative burn of 21.3 million SHIB, signaling active efforts to reduce the supply of the token. The increased burning is being interpreted by some traders as a potential catalyst for price appreciation. Technical analysis has highlighted a horizontal triangle pattern on SHIB’s daily chart, which some market observers see as a consolidation phase before a possible breakout [1].

However, the narrative is not entirely bullish. While the burn rate is rising, user activity on Shibarium—the layer-2 scaling solution for SHIB—has declined sharply. Daily transactions dropped from a high of 1.26 million on September 6 to 490,230 by September 7, raising concerns about the platform’s utility and engagement [1]. Additionally, SHIB’s exchange netflow has shown a significant movement toward centralized exchanges, indicating a shift from self-custody to platforms where selling pressure can intensify [2]. These factors suggest that, despite the burn momentum, the asset is still vulnerable to bearish pressure in the short term.

In contrast to SHIB’s mixed signals, Pi Network has struggled to maintain relevance. The platform’s native token is trading near historical lows, and it remains highly dependent on Bitcoin’s price movements for its own stability. The token model has come under scrutiny, with questions about its long-term viability persisting [3]. The price is currently hovering around $0.36, a level that has historically acted as both a support and resistance point. The RSI at 34 suggests oversold conditions, but bearish MACD indicators hint at continued downward pressure [4]. Analysts remain skeptical about Pi’s ability to compete with more established or rapidly growing projects.

Meanwhile, BlockDAG has emerged as a standout performer. The project raised nearly $400 million in its presale, driven by substantial participation from large investors and a transparent pricing model that has attracted 200,000 holders [3]. Whale activity has been a major catalyst, with early buyers entering at $0.001 seeing over 2,900% gains as the presale progresses to Batch 30 at $0.03. The project has also demonstrated real-world adoption through the X1 mobile miner app, which now boasts over 3 million users [4]. With an advisory board including MIT experts like Dr. Maurice Herlihy and a planned Singapore Deployment Event, BlockDAG is building a foundation of academic and technical credibility.

Looking ahead, BlockDAG’s projected price trajectory has sparked speculation about a potential rise to $1 post-launch, with some analysts even suggesting a $10 valuation in the long term [3]. The price has already been reduced to $0.0013 in a promotional move ahead of the event, making it accessible for retail investors. These developments position BlockDAG as a strong contender in a market where many projects are still seeking to prove their long-term value.

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[1] Shiba Inu Burn Rate Jumps 1682% In Single Day (https://www.benzinga.com/crypto/cryptocurrency/25/09/47550759/shiba-inu-burn-rate-jumps-1682-in-single-day-whats-going-on)

[2] Shiba Inu Burn Rate Skyrockets 200000% in 24 Hours (https://cryptopotato.com/shiba-inu-burn-rate-skyrockets-200000-in-24-hours-is-a-price-surge-next/)

[3] Whales Propel BlockDAG Presale to Nearly $400M as ... (https://intellectia.ai/news/crypto/whales-drive-blockdag-presale-past-nearly-400m-while-toncoin-and-pi-network-struggle-for-longterm-stability)

[4] BlockDAG Leads as XLM Gains & Pi Network Struggles ... (https://techbullion.com/xlm-gains-traction-pi-network-faces-challenges-while-blockdags-mit-backed-strategy-sets-a-1-path/)