BlockDAG Gears Up for Hackathon After $210M Presale; Shiba Inu Price Eyes $0.50 as Polkadot Rises 12%

The Shiba Inu (SHIB) price has ignited fresh discussions about reaching $0.50, though its abundant supply and stable trading suggest limited immediate shifts.

Meanwhile, the recent Polkadot (DOT) price increase is driven by short-term technical indicators, but ongoing ecosystem enhancements are needed to maintain growth.

Conversely, BlockDAG (BDAG) is gearing up for its Global Hackathon this month, aimed at engaging developers and accelerating project development within its network. Having raised $210.5 million and sold 19.1 billion coins across 27 presales, BlockDAG emphasizes practical applications.

Will Shiba Inu’s Price Reach the $0.50 Speculation?

Talk of the Shiba Inu (SHIB) price achieving $0.50 in 30 days seems unfounded. With over 589 trillion tokens available, reaching a $294 trillion market cap is unrealistic under present conditions. Expectations place SHIB between $0.0000125 and $0.0000130 through April, with a potential high of $0.0000279 if market sentiment strengthens. Ecosystem developments, particularly the introduction of Shibarium, keep long-term supporters engaged.

However, interest is pivoting towards newer, more functional projects in DeFi. Although SHIB remains well-liked and active, its price is predicted to stay within a narrow range, significantly below the $0.50 mark, reflecting a more reserved outlook despite ongoing enthusiasm.

Polkadot’s 12% Price Increase Captures Market Interest

The recent 12% jump in Polkadot’s (DOT) price is notable amidst overall market sluggishness. Despite this rise, DOT is still contending with a general downward trend, with $5.25 as a significant resistance level. The MACD indicates a bullish crossover but remains under the zero line, suggesting modest momentum. The A/D line shows increasing lows since February, indicating sustained buying interest.

On the 4-hour chart, DOT’s short-term buoyancy is marked by consecutive higher lows. Surpassing $4.62 could lead to a 13% advance towards $5.25. However, for this rise in Polkadot’s price to signify a genuine reversal, it must overcome key resistances at $5.38 and $6.72, leaving its long-term prospects undecided.

BlockDAG Sets the Stage for Global Hackathon to Foster Innovation

BlockDAG is launching a Global Hackathon Series aimed at bringing in blockchain developers, startups, and Web3 engineers. The event is designed to facilitate actual project implementation, providing participants with access to BlockDAG’s infrastructure and a direct path into its expanding network.

Participants will vie for BDAG coin rewards, development funds, integration into the BlockDAG ecosystem, and opportunities to pitch directly to backers. Teams that perform well will be fast-tracked for immediate project deployment, enhancing their projects’ practical impact and exposure. Partnering with HackerEarth, BlockDAG attracts skilled developers with expertise in decentralized solutions and application building.

The hackathon supports BlockDAG’s goal to secure $600 million in capital. So far, the network has raised $210.5 million through presales, selling 19.1 billion coins, indicating strong market reception and a robust financial foundation for scaling operations.

Selected projects at the hackathon will gain immediate access to integration tools and community support, smoothing the transition from concept to market. As it undergoes significant expansion, BlockDAG solidifies its reputation as a leading crypto purchase choice. The hackathon plays a crucial role in broadening BlockDAG’s application spectrum and engaging developers essential for ongoing network enhancement.

Exploring the Best Crypto Purchase for Long-Term Impact

While the Shiba Inu price continues to be buoyed by community speculation without a solid utility framework or strategic shifts, the recent increase in Polkadot’s price reflects short-term enthusiasm linked to its multichain architecture, with its long-term value hinging on broader adoption of its parachain technology.

On the other hand, BlockDAG is dedicated to actionable outcomes, using its imminent hackathon as a platform to distribute token rewards, offer grants, and provide clear routes for real-world project implementations. Although SHIB and DOT benefit from their vibrant communities, BlockDAG’s structured approach in marshaling resources, attracting talent, and developing infrastructure makes it the top crypto to buy right now for those seeking sustainable utility and growth.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu