BNB Signals a Bullish Breakout, Shiba Inu Faces Challenges as Its Price Drops

The crypto world is seeing exciting developments across several major projects. Binance Coin (BNB) signals a bullish breakout as it gears up for a strong fourth quarter

As the crypto world continues to evolve, several major projects are making headlines with exciting developments. These projects are capturing the attention of traders, analysts, and crypto enthusiasts who are eager to identify the best long-term crypto investments.

From Binance Coin’s recent price jump to Shiba Inu’s challenges and BlockDAG’s limited-time bonus offer, here are the latest updates on three projects that are shaping the crypto landscape.

Binance Coin (BNB) is signaling a bullish breakout as it prepares for a strong fourth quarter. Despite facing regulatory challenges, BNB has remained a top crypto with a market cap of over $88 billion.

Over the past two months, BNB has formed a solid reversal pattern, with its price recently climbing 2%, reaching $608. Analysts are predicting the trend could continue upward if the coin closes the month above $600.

BNB’s technical indicators are also suggesting a potential new all-time high. The coin is currently trading within an inverted head and shoulders pattern, with strong RSI, aiming for $921. Additionally, rumors of Binance founder CZ’s early release from quarantine are boosting positive sentiment across the ecosystem.

Shiba Inu (SHIB) is facing some challenges as its price has dropped by nearly 3% following the recent price drop, currently trading at $0.00001466. This decline comes amidst the slowing adoption of Shibarium, SHIB’s Layer 2 scaling solution, which was launched to provide faster and cheaper transactions.

However, recent data shows that both active accounts and transaction volumes on Shibarium have stagnated, raising concerns about SHIB’s future performance. Once a vibrant ecosystem with over $1 billion staked on ShibaSwap, that number has now dropped to just $15 million, indicating waning confidence.

As a result, analysts are suggesting that the SHIB price could see further declines of up to 8% in the near term.

BlockDAG is making waves with its limited-time 50% bonus offer on all BDAG coin purchases, ahead of the project’s new platform launch on October 14. The offer is available when purchasing BlockDAG coins on the presale platform using the code BDAG50.

BlockDAG’s presale has surged to over $78 million, with 13.2 billion coins sold since batch 1. As the platform gears up for its rebranding, early buyers are positioned to benefit from the expected surge in demand.

With new users flocking to the BlockDAG ecosystem, every batch of coins sold pushes the presale into overdrive, increasing the BDAG coin price. Early buyers are set to benefit massively as every batch of coins sold brings the price up, potentially leading to the predicted 20,000x ROI.

As the crypto market shifts and evolves, these projects are presenting interesting opportunities for traders and investors. The best long-term crypto investments will ultimately depend on each individual’s investment strategy and goals.

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