Cryptocurrencies are constantly battling for investor attention, but some are making waves with their distinct potential. Shiba Inu, often compared to Dogecoin, is eyeing a major breakout, aiming to surpass its 2021 peak. Meanwhile, The BRETT has faced challenges, grappling with a descending trendline, though technical indicators suggest a possible reversal.
Amid these opportunities, BlockDAG Network presents a particularly enticing prospect. With its Testnet now live, the possibility of a jaw-dropping 30,000x ROI seems increasingly attainable.
Could Shiba Inu Eclipse Its 2021 High?
Technical analyst Charting Guy forecasts a major rally for Shiba Inu (SHIB), potentially surpassing its 2021 peak. He compares SHIB’s trajectory to Dogecoin’s, predicting a substantial breakout. Initially, SHIB was absent from his list of altcoins expected to rise tenfold, including Dogecoin, XRP, and FET. However, after the community pointed out SHIB’s potential, Charting Guy acknowledged its promising prospects akin to Dogecoin.
Additionally, he noted SHIB’s price stability at the 0.236 Fibonacci level after facing rejection at the “golden pocket,” a crucial Fibonacci retracement level. This stability indicates it may be poised for a significant upsurge. Furthermore, using Elliott Wave Theory, he suggests the upcoming third wave might be the strongest, possibly driving SHIB beyond its highest value of $0.00008845—a surge of 556% required to achieve this milestone.
BRETT’s Battle Against the Trendline
The BRETT cryptocurrency has experienced a decline alongside broader market trends, facing significant resistance from a descending trendline. Despite several attempts by buyers to overcome this barrier, sellers have dominated since June. Currently, BRETT has corrected by 62%, stabilizing near the trendline as buyers defend key low points, indicating active participation.
Moreover, a recent 13% increase from the lowest price point suggests a build-up toward challenging the trendline again. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) show bullish divergences, signaling potential upward movement. If BRETT surpasses the $0.10 resistance, it may set off a bullish breakout, potentially reaching new highs.
Conversely, failure to break the trendline could lead to continued seller dominance. At the moment, BRETT trades at $0.0741, with a notable increase in buying momentum as it holds above the $0.0700 level.
BlockDAG’s Testnet is Out Now!
BlockDAG’s Testnet has officially launched, bringing with it a host of features that have the potential to reshape the blockchain landscape. Developers and early adopters are diving into the ecosystem, excited to explore its capabilities. With full EVM transaction support, smart contract testing, and a Blockchain Explorer, the Testnet isn’t just a technical demonstration—it’s a dynamic sandbox for innovation. Adding to the excitement, users can now mint BDAG coins through a blockchain faucet, making this phase even more enticing for participants eager to get involved early.
BlockDAG’s presale success, having raised over $73.5 million across 22 batches, speaks volumes about the project’s credibility. Early holders have already seen a staggering 1,680% ROI, with the current price of BDAG sitting at $0.0178 in the latest batch. One whale even made headlines by spending $2.5 million, reflecting the growing confidence in the project’s future. Analysts predict jaw-dropping returns—some even going as far as a potential 30,000x ROI for those getting in at these early stages.
The timing couldn’t be better for those looking to secure a position before the Mainnet launch. BlockDAG’s roadmap is solid, and with the Testnet offering a glimpse of its real-world applications, excitement is building. It’s a bit like planting seeds in fertile soil—those who jump in now may reap the rewards later, as the project aims to explode into the broader crypto market. If you’ve ever dreamed of becoming a crypto millionaire, this might just be your golden ticket.
Concluding Thoughts
Shiba Inu’s anticipated surge might recreate its past market glory, offering a beacon for meme coin enthusiasts. The BRETT, though currently under resistance, shows promise of recovery, hinting at a robust rebound if it can break through key technical barriers. BlockDAG, however, with its innovative Testnet launch and projected 30,000x returns, stands as a compelling choice for those looking for technology with transformative potential.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
