BlockDAG’s SpaceDev Deal Boosts Its $203.5M Presale! SHIB’s Market Cap Drops & NEAR Turns Bearish

2d ago•

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Shiba Inu’s (SHIB) market cap is feeling the pressure, with increasing sell-offs putting its ranking among the top 20 cryptocurrencies at risk. The struggle extends to NEAR, as the Near Protocol bearish sentiment intensifies due to steep losses, heightening fears of a further dip toward $1.90.

While SHIB and NEAR attempt to maintain stability, BlockDAG (BDAG) is moving in an upward trajectory. Its latest collaboration with SpaceDev is set to strengthen its ecosystem, improving blockchain capabilities and developer participation.

Buyers are responding positively, propelling BDAG’s presale beyond $205 million as momentum builds toward its $600 million goal. With demand surging, analysts consider BDAG the next big crypto to keep an eye on.

Shiba Inu (SHIB) Market Cap Shrinks: Will It Stay in the Top 20?

The Shiba Inu (SHIB) market cap is experiencing significant strain as it fights to retain its standing among the leading cryptocurrencies. Currently valued at $2.79 billion, SHIB’s ranking remains uncertain due to persistent price declines.

Over the past week, the asset has consistently posted losses, leading to concerns over confidence among holders and overall sentiment in the market.

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Despite holding a place in the top 20, the declining market cap suggests upcoming challenges. Analysts highlight that for SHIB to stabilize, buying activity must increase alongside broader market improvements. Without this shift, the Shiba Inu market cap may continue its downward trajectory.

Near Protocol Bearish Sentiment Suggests a Drop Toward $1.90

The Near Protocol (NEAR) bearish sentiment remains a central topic of discussion as the asset struggles to find stability. Over the past week, NEAR has shed 24% of its value, including a further 9.74% decline within the last 24 hours.

Analysts caution that this downturn may persist, with forecasts indicating a potential drop to $1.90—representing another 26% fall from its current value of $2.56.

NEAR analysis

Technical analysis highlights ongoing selling pressure through indicators such as moving averages and resistance levels. If the Near Protocol (NEAR) bearish sentiment continues, further losses may occur unless buying activity picks up to counteract the prevailing downtrend.

How BlockDAG’s SpaceDev Deal Could Establish It as the Next Big Crypto

BlockDAG has expanded its global reach through high-profile partnerships, including those with Inter Milan and HackerEarth, which have boosted its presence across multiple sectors.

These strategic alliances have contributed to growing credibility and positioning BDAG for further advancements. The most recent collaboration with SpaceDev represents a significant step, aimed at enhancing BlockDAG’s technology and strengthening its blockchain network.

This partnership is expected to drive key improvements. With SpaceDev’s expertise, BlockDAG could refine its blockchain’s performance, increasing efficiency and scalability.

Additionally, SpaceDev will play an essential role in growing community engagement through hackathons, developer onboarding, and ambassador initiatives. With involvement in BlockDAG’s $30 million grant program, SpaceDev is poised to support emerging blockchain innovations, increasing adoption rates.

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Following this announcement, BlockDAG’s presale surged beyond $205 million, with over 18.8 billion BDAG sold. The coin’s value has climbed 2380% from its initial batch, now reaching $0.0248 in batch 27.

With the presale rapidly approaching its $600 million objective, analysts predict BDAG could achieve a 30,000x ROI for early participants. The combination of strategic partnerships and a soaring presale is why many consider BlockDAG the next big crypto worth watching.

Final Thoughts

The Shiba Inu (SHIB) market cap remains under pressure, and without a rise in buying interest, its ranking among the top 20 cryptocurrencies may soon be at risk.

Meanwhile, the Near Protocol (NEAR) bearish sentiment continues to signal a potential downside, with analysts projecting a drop to $1.90 if current trends persist.

Not all cryptocurrencies are facing setbacks—BlockDAG is gaining momentum. Its collaboration with SpaceDev is driving ecosystem expansion, while strong buyer activity has pushed its presale past $205 million.

With BDAG’s 2380% price jump and its $600 million target in sight, market observers speculate it could be the next big crypto set to flourish in 2025.