The crypto market is in flux, with Bitcoin sliding back down to $68,000 from its recent high of $72.000 just two days ago and mixed price movements in the altcoin market. Notably, the BNB price is on an upward trajectory, hinting at a possible breakout towards $645. On the other hand, SHIB has recorded declines across its daily, weekly, and monthly charts despite a recent surge in Shiba Inu burn rate.
In the presale market, BlockDAG (BDAG) is enjoying the spotlight, with analysts touting it among the highest ROI cryptos for 2024, projecting a staggering 20,000x ROI for its early investors. BlockDAG’s presale has raised $16.3M at press time from selling 7 billion BDAG coins. The current price per coin is $0.0045, but it’s slated to increase with each subsequent batch, with 45 batches in total.
BNB Price Eyes Potential Breakout to $645
BNB price continues its trading pattern within a symmetrical triangle, showing a steady balance between buyers and sellers. On the BNB/USDT chart, the 20-day Exponential Moving Average (EMA) is slowly trending upwards at $570. With the Relative Strength Index (RSI) in favourable territory, it suggests a slight edge for the buyers.
Furthermore, the BNB/USDT pair has approached the triangle’s declining resistance line. A break above this barrier could lead to a retest of the March 16 high of $645. Conversely, a reversal from this resistance line indicates that the pair might stay within the triangle’s boundaries a bit longer. Should the price fall beneath the triangle’s lower limit, it would signal a stronger position for the sellers.
Shiba Inu Burn Rate Skyrockets 300%
The Shiba Inu burn rate surged a whopping 300% on 3rd April, with nearly 100 million SHIB tokens being eliminated from circulation. This rise follows a trend from last month, when over 15.5 billion SHIB tokens were burned, aiming to reduce the token’s maximum supply to increase scarcity and value over time.
Additionally, SHIB’s potential growth is buoyed by the development of Shibarium, a layer-2 blockchain solution designed to support decentralised applications, DeFi, NFTs, and gaming within the Shiba Inu ecosystem. It promises high transaction throughput and reduced costs.
BlockDAG Rises as the Highest ROI Crypto for 2024
BlockDAG (BDAG) is rapidly gaining traction in the presale market, amassing a staggering $16.3M so far and selling over 7.3 billion coins. With BDAG coins priced attractively at $0.0045 in its eight presale batches, BDAG presents an enticing investment opportunity for early investors, as the price is set to rise to $0.05 by the time it lists on exchanges. Analysts are highly optimistic about the project’s potential, projecting an extraordinary 20,000x ROI for its early backers.
BlockDAG’s appeal lies in its pioneering approach to blockchain development, offering low-code and no-code options for smart contract creation. This innovative approach streamlines generating utility tokens, meme tokens, and NFTs, significantly reducing development time.
In addition, BlockDAG seeks to democratise crypto mining by offering a range of user-friendly mining solutions, including its powerful yet highly efficient X-series mining rigs, a cloud mining service, and a mobile mining app. Depending on the model, users can earn up to $100 daily by mining BDAG and other major cryptos, including Bitcoin. Finally, BlockDAG’s network is compatible with the Ethereum Virtual Machine (EVM), facilitating seamless migration of Ethereum-based smart contracts to its chain.
Final Words
The BNB price is poised for a potential surge to $645, while SHIB is down despite a recent surge in the Shiba Inu burn rate. BlockDAG (BDAG) has emerged as a standout in the presale market. Analysts tout it as the highest ROI crypto for 2024, projecting a staggering 20,000x ROI for its early investors.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of CryptoTotem, nor is it intended to be used as legal, tax, investment, or financial advice. The author or the publication does not hold any responsibility, directly, or indirectly, for any damage or loss caused or alleged to be caused by or connected with the use of or reliance on any content, goods or services mentioned in this article. Readers should conduct their own research before taking any actions related to this company.