BlockDAG Hits $210M While Cardano and SHIB Stumble—Is It Time to Shift Focus?

Quick price spikes don’t always tell the full story. While Cardano and Shiba Inu deal with mixed sentiment and price pullbacks, BlockDAG is charting its own path with consistent presale growth and rising support.

Cardano is under pressure from whale exits even as smaller investors continue to accumulate, while Shiba Inu is testing resistance after Bitcoin’s bounce. But with $210 million already raised and over 19 billion coins sold, BlockDAG is showing a pace few presales can match. The question now is whether it’s time to look beyond ADA and SHIB—and consider where real traction is building.

Cardano (ADA) Faces Sell Pressure, But Retail Interest Remains Active

It’s been a rough few weeks for ADA, with the price dropping more than 23% and stuck under the $1 mark for multiple sessions. Larger holders have reportedly moved around 100 million ADA, pulling their total holdings down to 5.89 billion. This sell-off has only added to the downward pressure.

Still, Cardano’s total wallet count has topped 4.46 million, suggesting retail traders are stepping in. That kind of activity can sometimes help balance out bigger exits, but momentum hasn’t shifted just yet.

Analysts are keeping an eye on $0.53 as key support, with resistance close to $0.7746. A move beyond either range will likely determine ADA’s near-term trend.

Shiba Inu (SHIB) Tests Resistance as Bitcoin Rally Lifts Sentiment

SHIB has had its fair share of volatility. After sliding 24% over the past month and 11% in just one week, the token is trying to recover. Bitcoin’s move back to $76,000 has sparked some optimism, lifting altcoins alongside it.

At the moment, SHIB is trading near $0.00001192, down 3.34% in the last day with a 26% dip in trading volume. Still, chart watchers are pointing to a potential breakout. On the 4-hour timeframe, SHIB is approaching the top of a falling wedge formation—often viewed as a bullish sign.

If SHIB moves above the 50-day moving average, it could test targets around $0.00001305, then $0.00001375, with a possible push toward $0.00001565 if momentum holds. But so far, the follow-through hasn’t materialized.

BlockDAG Crosses $210M Mark, Delivers 2,380% ROI—and Keeps Building

While some projects depend on market sentiment to drive short-term runs, BlockDAG is doing something different: building steady demand batch after batch. With more than $210 million raised, 19 billion coins sold, and a return of 2,380% since Batch 1, this presale is becoming a standout in 2024.

Now in Batch 27 at $0.0248, BlockDAG is drawing buyers looking for growth backed by actual momentum. The upward pricing across each round reflects more than hype—it shows traction that’s building with each update.

Community engagement has also been central. Between regular AMAs and widely viewed keynote drops, the BlockDAG team has been transparent with development goals and timelines. This approach has helped build credibility while keeping interest high.

What’s more, miners are already active. Over 700,000 users are participating through the X1 app and Tap Miner on Telegram, with 170,000+ holders in total. That kind of early adoption signals more than speculation—it suggests people are buying into the broader project, not just the token price.

As the presale nears Batch 28, the pace hasn’t slowed. New buyers are watching the $1 forecast closely, knowing that each batch marks a step closer. With the clock ticking and supply moving fast, the current price could be the last low-entry point before BlockDAG hits wider markets.

Looking Ahead: Which Project Has the Edge?

Cardano has retail support but still needs to shake off heavy sell pressure. SHIB is showing signs of life on charts but hasn’t fully confirmed a reversal. Both are waiting on broader moves to regain momentum.

Meanwhile, BlockDAG continues to post results. It’s not waiting on external catalysts. The growth is already happening through presale activity, user participation, and batch-based demand. With more than $210 million raised and its price steadily rising, BDAG is looking more like a calculated long-term hold than a quick flip.

If you’re watching for steady performance over short-term swings, BlockDAG is one project that’s hard to ignore right now.