BlockDAG’s 1300% Rise & X10 Miner Impact Shiba Inu’s Price; Floki Investors Eye BDAG Coins

Amidst the fluctuations in Shiba Inu’s price driven by substantial whale activities, and a persistent bearish outlook among Floki investors despite unrealized profits

As the cryptocurrency market continues to experience ups and downs, several coins are attracting attention due to their unique features and potential for passive income generation. BlockDAG (BDAG) has been making headlines with its presale and the introduction of the X10 miner, while Shiba Inu (SHIB) and Floki Inu (FLOKI) prices have been influenced by substantial whale activities and investors’ sentiments.

BlockDAG, a feeless DAG protocol, has seen remarkable success in its presale, which has reportedly sold out 19 batches and raised an impressive $56.6 million. Starting at $0.001 in the first batch, BDAG's price has soared by 1300%, reaching $0.014 in the 19th batch.

Moreover, BlockDAG's X10 Entry Level Miner is designed to generate substantial passive income for investors. This compact mining unit, which can be easily integrated into a household setting, has a hash rate of 100 MH/s and is capable of mining up to 200 BDAG daily. Built with ASIC technology, the X10 miner consumes only 40 W and operates quietly.

With BlockDAG's initial valuation set at $0.05, the X10 miner is expected to generate $10 daily for users upon its release. As BDAG's price increases, so too will the daily income, which is anticipated to reach $2,000 by 2025.

Meanwhile, Shiba Inu has seen a transfer of 1.088 trillion SHIB tokens by a whale to Binance, which has raised concerns during a period of market instability. This large transaction comes as SHIB has fallen by 3.6% this week to $0.00001734, although there has been a slight recovery of 4.4% in the last 24 hours.

Despite showing some resilience in market depth, traders remain apprehensive about potential further declines. As whale activities often indicate impending market shifts, this transfer may signal potential sales that could put further downward pressure on SHIB's price.

On the other hand, Floki Inu investors are maintaining a bearish stance despite the token's high gains. Currently priced at $0.00016, FLOKI has a significant MVRV ratio of 475.71%, indicating substantial profit potential.

However, the ongoing price drop has investors anticipating a possible descent to $0.00014 if demand decreases. Many investors, having experienced fourfold returns, are preparing to sell, which adds to the selling pressure.

Additionally, FLOKI's negative funding rate of -0.03% suggests an increase in short positions, indicating that more traders anticipate a price decline. An RSI of 37.10 further shows that selling activity dominates buying interest

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