BlockDAG’s Keynote 2 Thrusts $40.8 Million Presale Success as Shiba Inu Outperform Cardano, Ethereum Leads Web3

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June 3, 2024 by Carolyna Mavis

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Shiba Inu outperforms Cardano with its notable surge to a $16.9 billion market cap, marking a distinct presence among top contenders. Meanwhile, Ethereum fortifies its position in the sector, stirring interest in Ethereum ETFs as it spearheads Web3 advancements. Amidst these developments, BlockDAG emerges as a crypto giant with its Keynote 2 release. The platform’s

The platform’s recent enhancements, including the innovative X1 mining app beta launch and a successful presale accumulating $40.8 million at a rising price of $0.0095, hint at a promising horizon, captivating the interest of savvy investors and blockchain enthusiasts alike.

Shiba Inu Climbs Higher, Surpassing Cardano in Market Cap

Shiba Inu has achieved a remarkable milestone, surpassing Cardano with a $16.9 billion market cap as Shiba Inu outperforms Cardano. This leap places SHIB among the top ten cryptocurrencies, driven by a significant 16% price surge that stands out in the crypto landscape. By contrast, even well-known memecoin Dogecoin posted only a modest gain, emphasising the magnitude of Shiba Inu’s growth.

Despite the climb, Shiba Inu outperforms Cardano yet remains 66% below its peak value from October 2021. However, SHIB’s resilience is notable, with strong community backing; 70% of SHIB holders are still in profit, most of whom have held their investments for more than a year. This enduring support underlines Shiba Inu’s outperformance, even as market dynamics continue to evolve.

Ethereum Spotlights Web3 Growth, Fuels ETF Speculation

Ethereum’s role as a potential cornerstone for Web3 growth is becoming a key talking point among investors, particularly in discussions about the future of Ethereum ETFs. As the Web3 industry projects to generate annual revenues of $33.5 billion by 2030, Ethereum’s appeal as a “high-growth index for Web3 adoption” is gaining traction. This positions it distinctively against Bitcoin’s “digital gold” narrative.

Moreover, the recent record-setting $500 million staking event on Lido emphasises Ethereum’s unique position within the crypto landscape. Unlike Bitcoin miners, Ethereum validators face lower operational costs, allowing them to hold onto their assets rather than sell, which could further fuel interest in Ethereum ETFs. This operational advantage and significant staking activities underscore Ethereum’s robust demand dynamics.

Exciting Updates from BlockDAG: Keynote 2 and Enhanced Accessibility

BlockDAG continues to redefine the blockchain landscape with its latest Keynote 2, unveiling over 45 updates and solidifying its stance as a crypto giant. This event, broadcast from a lunar setup, has emphasised BlockDAG’s commitment to innovation and scalability through its Directed Acyclic Graph (DAG) architecture. This structure uniquely supports multiple concurrent transactions, enhancing both speed and security across the network.

BlockDAG’s low-code/no-code platform marks a significant advancement in making blockchain technology accessible. This platform enables users to create meme coins and NFTs, offering intuitive interfaces, ready-to-use templates, and seamless smart contract functionalities. It opens up blockchain development to a broader audience, fostering creativity and participation without the need for deep technical knowledge.

BlockDAG’s BDAG coin presale has achieved monumental success, amassing $40.8 million, with the coin price currently at $0.0095. From the initial batch at $0.001, this marks tremendous growth, with 10.6 billion coins already distributed. Such figures underscore growing investor confidence and anticipation for the network’s capabilities.

Moreover, the recently launched X1 mining app beta version further exemplifies BlockDAG’s innovative edge. This app allows users to engage with the mining process directly, adding an exciting interaction layer and potential gain for participants. As the mainnet launch approaches in the coming months, BlockDAG is poised to impact the future of decentralised technology.

Final Verdict

Shiba Inu’s remarkable surge past Cardano reflects its growing prominence. Ethereum, meanwhile, continues to strengthen the foundation of Web3, drawing significant attention toward Ethereum ETFs. However, BlockDAG emerges as the crypto giant, showcasing unparalleled potential with its Keynote 2 and the successful $40.8 million presale. Now in presale at an ascending price, BlockDAG presents a timely opportunity for investors looking for substantial growth in the crypto space.