Recently, the Pyth Network launched its Oracle services on Merlin Chain. Meanwhile, BTC undergoes a correction, stabilizing at 70,000. Altcoin investors anxiously watch the charts. However, the prevailing sentiment in the market seems optimistic, as most major altcoins are trading in the green zone.
Not surprisingly, meme coins are on the front lines of this rally, with the Shiba Inu price leading the pack, up by 18.08% over the past week. BlockDAG (BDAG) has grabbed the spotlight in the presale market, having raised almost $10 million in funding and eyeing a jaw-dropping post-launch ROI of approximately, 1566% for its early investors.
Pyth Network News
The Pyth Network has launched its oracle services on Merlin Chain, a Bitcoin layer 2 solution known for its ZK-Rollup network, decentralized oracle, and BTC fraud-proof modules. This integration allows developers to access Pyth’s extensive price data for building applications, enhancing Merlin Chain with reliable market information. With Pyth’s Price Feeds now live, developers can tap into over 400 data feeds from crypto and traditional markets, enabling smart contract applications to retrieve timely and accurate price updates.
Meanwhile, PYTH is down by 6% on the weekly chart but up by a significant 33.72% over the past month. Analysts suggest a continuation of the uptrend for PYTH, potentially reaching the psychological $1 mark in April 2024.
Shiba Inu Price Eyes a Surge as SHIB Burn Rate Skyrockets
The Shiba Inu (SHIB) community has recently witnessed a remarkable, 1055% increase in the coin’s burn rate, with over 50 million coins incinerated. This has sparked optimism among investors, despite the Shiba Inu price slipping in the current market.
Market speculations suggest that the increased burning activity and ongoing developments could soon positively impact the Shiba Inu price. Potential predictions eye a significant rally towards $0.000038 following a potential rebound from its current bearish sentiment.
BlockDAG’s Presale Locks In $10.4M
In an impressive entrance to the presale market, BlockDAG (BDAG) has captured investor attention by amassing $10.4 million in funding despite being only in the fifth batch of its presale.
At the heart of BlockDAG is its advanced ecosystem, engineered to support the development of DApps and the execution of smart contracts. With the transaction confirmation speed of 10 blocks per second, BlockDAG’s network is not just fast; it’s setting a new standard for blockchain speed, aiming to accelerate to 100 blocks in the future.
However, BlockDAG’s ambitions extend beyond technological advancements. The project is trying to tackle one of the most pressing issues in the crypto space: environmental sustainability. BlockDAG’s X-series mining rigs are a testament to this commitment, with almost 5000 units already sold.
Recognizing the barriers to entry to crypto mining, BlockDAG is also pioneering solutions to make mining more accessible, including its cloud mining service and an Android crypto mining app available both on Google Play and Apple Store.
In response to the overwhelming early investor interest and the $10.4 million raised quickly, BlockDAG, currently priced at $0.003 in the fifth batch, has announced a $2 million mega giveaway for 50 lucky community members. Investors can participate in the giveaway by following BlockDAG’s social media channels, submitting their wallet addresses, increasing their winning chances by completing all quests, and inviting friends for additional entries.
The Final Call
The recent surge in Shiba Inu’s burn rate has fueled optimism for a potential Shiba Inu price surge, with speculations suggesting a rally towards $0.000038. The Pyth Network’s recent launch of Oracle services on Merlin Chain suggests a bright future for PYTH, with analysts predicting its price could hit the $1 mark by April 2024. BlockDAG (BDAG) has made a notable debut in the presale market, raising $10.4 million and targeting, 5000X returns for its early backers.
Join BlockDAG Presale Now!
Website: https://blockdag.networkPresale: https://purchase.blockdag.networkTelegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu
The post Shiba Inu Price Soars Amid SHIB Burn Rate & PYTH Network News: BlockDAG’s Presale Nears $10.5 Million Milestone appeared first on Cryptopress.
