BlockDAG Soars Despite Shiba Inu and Arbitrum Weakness

The cryptocurrency market witnessed contrasting movements this week, with Shiba Inu (SHIB) facing pressure while BlockDAG continues to gain traction. Shiba Inu has displayed bearish signals like a potential 20% decline as indicated by a head-and-shoulders pattern and declining network activity despite token burns surging. Arbitrum (ARB), meanwhile, is battling ongoing supply pressure and reduced on-chain demand after a 10% drop that brought its support level near $0.48 to the forefront of concern. However, BlockDAG is performing exceptionally well as it nears its launch goal in Batch 30. With over $386 million raised, a BDAG price of $0.03, and a target launch price of $0.05, BlockDAG shows clear promise.