BDAG Testnet Goes Live, As SHIB & BRETT Feel The Heat
The crypto scene is buzzing as certain tokens capture the community's focus with their unique potential. Shiba Inu, often seen as Dogecoin's counterpart, is on the brink of a significant price surge, potentially eclipsing its previous highs from 2021. Conversely, The BRETT is navigating through some tough times, wrestling with a consistent downtrend despite some positive technical signs hinting at a turnaround.
Amid these evolving stories, BlockDAG Network has stepped into the spotlight. With its Testnet now live, talk of a staggering 30,000x ROI potential is making headlines, painting an exciting future for the network.
Could Shiba Inu Top Its 2021 Best?
Charting Guy, a noted technical analyst, predicts a strong rally for Shiba Inu (SHIB), suggesting it could top its 2021 high. Initially overlooked in his predictions for major altcoin movements, SHIB caught his attention after the community highlighted its promising setup, much like Dogecoin's rise.
He points out that SHIB has managed to hold steady at the 0.236 Fibonacci level after a recent rejection at a crucial retracement level, known as the "golden pocket." This stability could be a precursor to a significant rise. Moreover, applying Elliott Wave Theory, he suggests that the upcoming "third wave" could be its most powerful, potentially propelling SHIB to new heights, way beyond its top value of $0.00008845.
The BRETT's Struggle with the Downtrend
The BRETT token has been on a downward trajectory, aligning with wider market movements, and facing tough resistance at a key descending trendline. Despite attempts to push past this level, sellers have maintained control since June. Now, BRETT has seen a 62% pullback, with current prices hovering near this crucial trendline as supporters rally at key low points, signalling active engagement.
A recent 13% uptick from its lowest price suggests a gathering momentum to test the trendline once again. Key indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish divergences, hinting at possible upward moves. If The BRETT can break past the $0.10 mark, it could trigger a bullish trend with potential new highs on the horizon.
On the other hand, if it fails to breach the trendline, the path could remain dominated by downward pressures. Currently, The BRETT is trading at $0.0741, with buying activity on the rise as it maintains above the $0.0700 support level.
BlockDAG’s Testnet Goes Live with Exciting Features for Developers and Enthusiasts
BlockDAG’s Testnet has officially hit the market, introducing a slew of innovative features that could dramatically alter the blockchain scene. Developers and early adopters are jumping at the chance to test out its capabilities.
With full support for Ethereum Virtual Machine (EVM) transactions, robust smart contract testing environments, and a detailed Blockchain Explorer, the Testnet is more than just a showcase of technical prowess—it’s a vibrant playground for cutting-edge experimentation. Additionally, introducing a blockchain faucet allows users to mint BDAG coins, adding an extra layer of engagement for those eager to participate.
The project has already garnered significant attention, securing over $73.5 million in a presale that spanned 22 batches, highlighting the community’s trust in BlockDAG’s vision. Those who have held BDAG since the early days have seen returns as high as 1,680%, with the coin price now at $0.0178.
The market buzz is palpable, punctuated by a major player's high-profile purchase of $2.5 million, signalling strong confidence in the project’s trajectory. Market analysts are buzzing about potential returns that could reach staggering heights, with some projections suggesting up to a 30,000x increase for early coin holders.
The launch couldn’t come at a better time for enthusiasts looking to get involved before the Mainnet goes live. With a solid roadmap laid out and the Testnet already showcasing real-world applications, excitement is mounting. It’s akin to sowing seeds in rich soil—the early birds in this phase might just see their efforts bloom spectacularly as BlockDAG aims to significantly impact the wider crypto market. For those dreaming of big crypto gains, this might be an opportunity not to miss.
Wrapping Up
As Shiba Inu gears up for a potential uptrend, meme coin fans have much to look forward to, possibly reliving the coin’s former highs. Meanwhile, The BRETT, despite current pressures, could see a strong recovery if it manages to push past key technical levels. However, with BlockDAG's trailblazing Testnet and the exciting 30,000x ROI potential forecasts tied to it, this project remains a standout for those chasing innovative technology with transformative promises.
Join BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Source: Legit.ng
