Best Altcoins to Buy: Avalanche and Shiba Inu Prices Decline While BlockDAG Presale Hits $66M Milestone

BlockDAG Shines Amid AVAX and SHIB Market Struggles

Avalanche (AVAX) investors are experiencing challenges as the coin's price dropped by 10%, leading to concerns in the market. Similarly, Shiba Inu (SHIB) faces significant selling pressure, with $100 million worth of the token being unloaded, yet efforts continue to stabilize its price at $0.000015.

In contrast, BlockDAG (BDAG) presale is showcasing remarkable resilience. The project has joined forces with UFC star Alex Pereira as its brand ambassador, boosting its market visibility. With an ambitious target of $600 million for its presale, BlockDAG is making significant strides, having already raised $66.4 million in record time.

Avalanche Traders Face Declining Market

In the first week of August, Avalanche (AVAX) witnessed a 10% price decline, dropping from $29.55 to $26.19. This downward trend aligns with a broader market pullback as traders adopt more cautious, bearish stances. Sentiments on-chain data reveal that AVAX’s Funding Rate has dipped into the negative territory, currently standing at -0.017%.

The negative sentiment is further reflected in AVAX’s "Addresses by Time Held" indicator. The daily AVAX/USD chart displays a rounding top pattern, a bearish signal that suggests the price could drop further, potentially reaching $25.54.

Shiba Inu Price Outlook: What’s Next?

Shiba Inu (SHIB) is under intense selling pressure, pushing its price down to $0.00016. The exit of many short-term traders could drive the price even lower, possibly falling below $0.000015. Although some anticipated a price boost following Donald Trump’s appearance at the Bitcoin Nashville conference, the focus largely remained on more prominent assets, leaving SHIB and other meme coins struggling to gain momentum.

Data from IntoTheBlock’s Exchange Order Books indicates that over 5.9 trillion SHIB tokens are being offered for sale around the $0.000017 mark, signaling that up to $100 million worth of SHIB could be sold off soon.

Alex Pereira Partnership Propels BlockDAG Presale to $66.4M

BlockDAG is turning heads by partnering with UFC Light Heavyweight Champion Alex Pereira as its brand ambassador. This collaboration aligns BlockDAG with Pereira’s strong presence in the UFC, representing strength, perseverance, and triumph. Just as Pereira dominates in the octagon, BlockDAG is poised to disrupt the blockchain industry with its innovative technology. This strategic move not only enhances BlockDAG’s market presence but also cements its reputation as a formidable contender in the crypto space.

The impact of this partnership is evident, positioning BlockDAG as a key player in the crypto arena. This collaboration not only draws in holders but also underscores BlockDAG's role as a major sponsor in a globally popular sport, expanding its reach to new demographics and setting the stage for rapid growth.

Since Alex Pereira's involvement, BlockDAG’s presale has seen a rapid increase, with a goal of reaching $600 million. This growth reflects the market’s excitement and confidence in BlockDAG, with over 12.6 billion BDAG coins sold, raising $66.4 million, along with an additional $4.3 million from the sale of over 10,700 miners. Each presale phase has witnessed a 1600% increase in coin value, rising from $0.001 in Batch 1 to $0.017 in Batch 21, establishing BlockDAG as a top altcoin to consider in 2024.

Key Takeaways

BlockDAG’s partnership with UFC champion Alex Pereira is making a significant impact. This collaboration not only enhances BlockDAG's market presence but also reflects the project's growing maturity with increasing capital inflows into the network, showcasing its strength. As BlockDAG aims for a $600 million presale, it’s drawing the attention of both Shiba Inu and Avalanche traders. While AVAX traders grapple with a challenging market and SHIB faces selling pressure, BlockDAG stands out as a promising opportunity for growth. Thanks to its association with Alex Pereira, BlockDAG is solidifying its position as a leading altcoin.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu