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Recent developments in the crypto landscape have sparked excitement among investors. The Pyth Network's integration with Merlin Chain, a Bitcoin layer 2 solution renowned for its ZK-Rollup network and decentralised oracle, has paved the way for enhanced access to reliable market data. With Pyth's Price Feeds now accessible, developers have a wealth of over 400 data feeds from both crypto and traditional markets, empowering smart contract applications with timely and accurate price updates.
Despite a correction in BTC's price, stabilising at $70,000, most major altcoins are witnessing positive trends. Meme coins, in particular, are leading the charge, with Shiba Inu's price soaring by 18.08% over the past week. Additionally, BlockDAG (BDAG) has garnered attention in the presale market, securing over $10.8 million in presale and projecting an impressive post-launch ROI of approximately 1566% for early investors.
The Pyth Network's recent rollout of its oracle services on Merlin Chain signifies a significant milestone for the project. This integration enables developers to leverage Pyth's extensive price data for building applications on Merlin Chain, enriching the platform with reliable market information. Despite a 6% decline in PYTH's price on the weekly chart, it has surged by 33.72% over the past month. Analysts anticipate this upward trend to continue, with PYTH potentially reaching the psychological milestone of $1 by April 2024.
The Shiba Inu (SHIB) community has been abuzz with excitement following a staggering 1055% increase in the coin's burn rate, resulting in the incineration of over 50 million coins. Despite the current market downturn, this surge in burning activity has instilled optimism among investors. Speculations abound regarding a potential price surge, with forecasts eyeing a rally towards $0.000038 as sentiment shifts from bearish to bullish.
BlockDAG (BDAG) has made a splash in the presale market after its keynote video launch, raising an impressive $10.8 million despite being only in its fifth batch. At the core of BlockDAG's appeal lies its advanced ecosystem, designed to support DApp development and smart contract execution. With a transaction confirmation speed of 10 blocks per second, BlockDAG is fast and aims to set a new standard for blockchain efficiency by accelerating to 100 blocks in the future.
Moreover, BlockDAG is committed to addressing environmental sustainability concerns in crypto mining. Its X-series mining rigs have seen significant uptake, with nearly 5000 units sold. Recognising the accessibility barriers in crypto mining, BlockDAG is pioneering solutions such as its cloud mining service and an Android crypto mining app available on both Google Play and the Apple Store.
BlockDAG has announced a $2 million mega giveaway for 50 lucky participants to further engage its community and reward early backers. To participate, investors can follow BlockDAG's social media channels, submit their wallet addresses, complete quests to increase their chances of winning, and invite friends for additional entries.
The recent surge in Shiba Inu's burn rate, combined with positive developments in the PYTH Network and BlockDAG's impressive presale performance, underscores the dynamic nature of the crypto market. Join the BlockDAG presale now and be part of the future of blockchain technology.
Invest In BlockDAG
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
