Major Holders of Shiba Inu Shed 615 Billion Tokens, Toncoin Plunges - Removal of 10 Exchanges for Altcoin Indicates a Change in Crypto Market!
Gearing Up for a Market Stampede: BlockDAG's Security Strategy Paves the Way!
While Toncoin (TON) and Shiba Inu (SHIB) are tumbling under the weight of uncertainty, a newcomer, BlockDAG (BDAG), is mounting a calculated march to market dominance. With 10 exchange listings locked and loaded before launch, BDAG is setting itself up for a long-term run, bolstering liquidity, market depth, and overall stability from day one.
BlockDAG: The Silent Stealth Fighter
In a move to ensure a smooth market debut, BlockDAG will be available on more than ten major exchanges, as yet unnamed due to confidentiality agreements. This strategic move will make BDAG tokens widely accessible, promoting seamless trading and creating solid liquidity from the get-go.
Moreover, the BDAG team has opted for high-traffic exchanges that align with the project's broader market approach. With growing trust in its potential, the crypto presale has hit an impressive $201 million, marking one of the largest funding rounds in recent times. Over 18.7 billion coins have been sold, and the current batch 27 price stands at $0.0248, representing a 2,340% increase since the first batch.
As the exchange listings loom closer, expectations are high for BDAG's performance in the market post-launch. These listings will increase accessibility, deepen the market, and entice both individual and institutional investors, setting the stage for a strong start.
Toncoin: On the Edges of a Critical Collapse
Toncoin (TON) has dropped 5.81% in the past 24 hours, currently trading at $3.564[1]. The hourly chart suggests further downside, with a break below $3.641 pushing the $3.50 level into focus. On a daily scale, the outlook remains bearish, as TON teeters on the precipice of losing the $3.497 support, which could signal a plunge toward $3.00[1].
Moreover, midterm indicators point to intensified selling pressure, potentially leading to further price drops. If TON closes below $3.599 without a significant long wick, it could signal longer-term bearishness, so traders should tread carefully. A price recovery would require a convincing breakout above resistance zones, but the current trend shows a continued downward slide.
Shiba Inu: The Dog Theft Continues Apace
Despite the number of SHIB wallets reaching a record 1.38 million, Shiba Inu has been dogged by heavy selling from large holders. Over the past ten days, approximately 615 billion SHIB tokens have been offloaded, intensifying pressure on its price[1]. Analysis indicates a decline in the SHIB balances of whale wallets, indicating a loss of confidence among major market participants[1].
Retail interest remains strong, but the short-term direction of SHIB remains uncertain. Buyers are keeping a watchful eye on price action and support levels, hoping for a recovery or a sign of further downside.
The Long and Short of It
Toncoin's wavering support and Shiba Inu's relentless sell-offs emphasize the turbulence in the market. Both assets risk significant losses unless market conditions stabilize. In contrast, BlockDAG is steadily making a name for itself, leveraging well-planned exchange listings, extensive liquidity, and burgeoning investor confidence to forge a more solid path to sustained growth in the competitive crypto landscape.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
BlockDAGcryptocurrencyPRIME TIMEToncoinShiba Inu
Sources: 1 - entinomedia.com 2 - coinquora.com 3 - coincambio24.com 4 - altcoinbuzz.io 5 - theacryptoengine.com
(Note: BlockDAG's confirmed exchange listings include MEXC, LBank, CoinStore, XT.com, BitMart, and 14 more, as officially announced on June 13th)
- The strategic move by BlockDAG to list on over ten major exchanges, as yet unnamed, aims to make BDAG tokens accessible and create solid liquidity from the start, setting the stage for a strong performance in the cryptocurrency market.
- As Toncoin (TON) and Shiba Inu (SHIB) struggle under uncertainty, BlockDAG (BDAG) is making a name for itself with a well-planned approach that includes extensive liquidity, substantial investor confidence, and accessibility through multiple exchange listings.
- With growing trust in its potential, the crypto presale for BlockDAG has hit an impressive $201 million, indicating the interest of both individual and institutional investors in this new entrant in the cryptocurrency business, leveraging technology to pave its way to market dominance.
